Gucci is a luxury fashion brand that has stood the test of time. It is known for its high-end products, which are a favorite among celebrities and fashion enthusiasts. However, many people are left wondering whether the Gucci family still owns the company.
Who are the Gucci family?
The Gucci family is an Italian dynasty that started the fashion house in 1921. The founder, Guccio Gucci, was born in Florence in 1881 and worked as a porter at London’s Savoy Hotel before returning to Italy to start his own business. He opened a small leather goods shop in Florence, which grew to become one of the world’s most famous luxury brands.
Over the years, various members of the Gucci family have been involved in running the company. Some of the notable figures include Aldo Gucci and Maurizio Gucci.
What happened to ownership of Gucci?
In 1988, Maurizio sold his stake in the company to Investcorp, an investment group based in Bahrain. This move was prompted by a family feud that had erupted within the business. At this point, none of the Gucci family members owned any part of the company.
In 1993, Investcorp sold their stake to Tom Ford and Domenico De Sole who were appointed as creative director and CEO respectively. Under their leadership, Gucci underwent a major transformation and became one of the most profitable fashion houses worldwide.
In 2004, luxury conglomerate Kering (then known as PPR) bought out all remaining shares from other shareholders and currently owns 100% of Gucci.
Conclusion
To answer the question at hand – no, none of the members of the original Gucci family own any part of the company anymore. While it may seem disappointing that there isn’t any direct familial involvement in one of Italy’s most iconic fashion houses, it’s worth noting that the company has continued to thrive under Kering’s ownership and remains a major player in the fashion industry.
9 Related Question Answers Found
Have you ever wondered if any member of the Gucci family still owns the luxury fashion brand, Gucci? In this article, we will explore the history of the brand and its ownership over the years. The History of Gucci
Gucci was founded by Guccio Gucci in Florence, Italy, in 1921.
Gucci is a luxury fashion brand that has been around for nearly a century. Founded in 1921 by Guccio Gucci, the brand has become synonymous with high-end fashion and sophistication. However, over the years, there has been some confusion about who actually owns Gucci.
Gucci is one of the most renowned fashion brands in the world. Known for its luxury products, Gucci has been a favorite of many fashion enthusiasts for decades. But, is Gucci still owned by the Gucci family?
There is a widespread misconception that the Gucci family still owns and operates the luxury fashion brand, Gucci. However, this is not entirely true. Who Founded Gucci?
Gucci, the Italian luxury fashion brand, is one of the most recognized and revered names in the industry. Founded in 1921 by Guccio Gucci, it has become synonymous with high-end fashion and accessories. Over the years, Gucci has undergone several changes, including its ownership structure.
If you’re a fan of fashion, then you’ve probably heard of the iconic brand Gucci. The luxury brand is known for its high-end products, but do you know who owns Gucci? Many people assume that the brand is still owned by the Gucci family, but the truth might surprise you.
Gucci is an Italian luxury brand that has been around since 1921. Over the years, the brand has become synonymous with high fashion and luxury. Despite being a global brand, many people are still curious about the company’s ownership and whether the Gucci family is still involved.
Gucci is a luxury fashion brand that was founded in 1921 by Guccio Gucci in Florence, Italy. Over the years, the brand has become synonymous with class, elegance, and sophistication. However, there have been questions about whether the brand is still owned by the Gucci family or if it has been sold to another company.
Are you curious about whether any family member owns Gucci? If so, you are not alone. The luxury fashion brand is a favorite among many people, including celebrities and affluent families.
