Gucci, one of the most iconic fashion brands in the world, was founded by Guccio Gucci in 1921. After his death in 1953, his sons Aldo, Vasco, Ugo, and Rodolfo took over the business. However, it was Maurizio Gucci, Aldo’s son who became the most famous face of the brand.
Maurizio Gucci became the president of Gucci after a family feud that resulted in his father’s imprisonment and exile from Italy. Under Maurizio’s leadership, Gucci went through a major transformation. He brought in Tom Ford as a creative director and together they revived the brand with innovative designs that were an instant hit with fashion enthusiasts.
However, Maurizio’s tenure as president was short-lived. In 1993, he sold his controlling stake in Gucci to Investcorp and left the company. This decision proved to be disastrous for both Maurizio and Gucci.
Maurizio’s financial troubles began soon after he left the company. He faced legal battles over his divorce settlement and was eventually forced to sell his remaining stake in Gucci to Investcorp. In 1995, Investcorp sold its stake to a group of investors led by Tom Ford and Domenico De Sole.
Under their leadership, Gucci regained its position as one of the most powerful fashion brands in the world. They expanded into new markets and launched successful product lines such as fragrances and accessories.
In 2004, French luxury goods conglomerate Kering (formerly known as PPR) acquired a majority stake in Gucci Group. Today, Kering owns several other luxury brands including Yves Saint Laurent and Alexander McQueen.
In conclusion, after Maurizio Gucci left the company in 1993 following its acquisition by Investcorp; Tom Ford and Domenico De Sole became key players before Kering acquired a majority stake in 2004. Despite the turbulent history of the Gucci family, the brand has continued to thrive under new leadership and remains one of the most renowned fashion brands in the world.
8 Related Question Answers Found
Gucci is one of the most recognizable luxury brands in the world, known for its high-quality products and iconic logo. The brand has a rich history, but there’s one question that many people ask: who owns Gucci after Maurizio died? Maurizio Gucci was the grandson of Guccio Gucci, the founder of the brand.
The Gucci family is one of the most prominent Italian families in the fashion industry. The company was founded by Guccio Gucci in 1921, and since then, it has grown to become a global luxury brand. Over the years, many members of the family have been involved in the management and ownership of the company.
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Gucci is one of the most renowned luxury fashion brands in the world, known for its high-end clothing, accessories, and fragrances. Founded in 1921, Gucci has been synonymous with luxury and sophistication for almost a century. But who was the mastermind behind this iconic brand?
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If you’re a fashion enthusiast, then you’ve probably heard of Gucci. This iconic Italian fashion brand is known for its luxurious designer clothing, accessories, and fragrances. However, do you know who owned Gucci before Kering?
Maurizio Gucci was an Italian businessman and the former head of the iconic fashion house, Gucci. He was born on September 26, 1948, in Florence, Italy. In 1985, he took over as the CEO of Gucci after a family dispute that resulted in his cousin’s departure from the company.
