Gucci is a luxurious fashion brand that has been around for almost a century. The Italian brand has become synonymous with high-end fashion and has been a trendsetter in the industry.
But have you ever wondered who owns Gucci now? Let’s dive in and find out.
History of Gucci
Guccio Gucci founded Gucci in 1921. Initially, the company sold leather goods, such as bags and luggage.
However, it soon expanded into clothing, shoes, and accessories. The brand’s popularity skyrocketed in the 1950s when celebrities like Audrey Hepburn and Grace Kelly were spotted wearing its designs.
The Struggle for Control
In 1983, Aldo Gucci, one of Guccio’s sons, was convicted of tax evasion and expelled from the company. This led to a power struggle between his two brothers, Rodolfo and Paolo. The feud ultimately led to the sale of the company to Investcorp in 1993.
The Rise of Pinault-Printemps-Redoute
In 1999, French luxury conglomerate Pinault-Printemps-Redoute (PPR) acquired a controlling stake in Gucci for $3 billion. PPR is now known as Kering after rebranding in 2013.
The Departure of Tom Ford
Tom Ford became creative director of Gucci in 1994 and transformed the brand into a modern luxury fashion house. However, he left the company in 2004 after disagreements with PPR over creative control.
The Current Owner of Gucci
Kering still owns Gucci today and has continued to expand the brand’s offerings beyond fashion. In recent years, they have launched home decor lines and collaborated with artists on immersive experiences.
Conclusion
In conclusion, Gucci has had an interesting ownership history, but it has remained one of the most iconic fashion brands in the world. Kering’s ownership has allowed the brand to continue to grow and innovate while maintaining its luxury status. Who knows what the future holds for Gucci, but we’re excited to see what they come up with next.
8 Related Question Answers Found
Gucci, one of the most iconic luxury fashion brands in the world, has a long and storied history. Founded in Florence, Italy in 1921 by Guccio Gucci, the brand has become synonymous with high-end fashion and luxury goods. Over the years, Gucci has changed hands multiple times, with ownership passing from the Gucci family to various conglomerates and holding companies.
Gucci is one of the most iconic fashion brands in the world. Known for its luxurious designs and high-end products, Gucci has become a household name over the years. But as with any business, leadership changes are inevitable.
If you are a fashion enthusiast, you must be familiar with the iconic Italian luxury brand Gucci. But do you know who owns it now? Let’s take a closer look.
Gucci is a luxury fashion brand that has been around for nearly a century. Over the years, the ownership of the company has changed hands several times. In this article, we will take a closer look at who owns Gucci currently.
If you’re into fashion, then you’d be familiar with Gucci, one of the biggest names in the luxury fashion industry. The Italian brand has been around for almost a century and has never failed to amaze its followers with its striking designs and breathtaking collections. However, in recent times, there has been a shift in creative direction for the brand.
Gucci is one of the most renowned luxury brands in the world. Founded in 1921 by Guccio Gucci, the company has come a long way from its humble beginnings as a leather goods manufacturer in Florence, Italy. Today, Gucci is a global fashion powerhouse, known for its iconic designs and high-end products.
In the world of fashion, few names are as iconic as Gucci. The Italian luxury brand has been a symbol of glamour and sophistication for nearly 100 years. But in recent years, the company has undergone some significant changes.
Gucci is one of the most popular and well-known luxury fashion brands in the world. It offers high-quality products ranging from clothing, accessories, and fragrances. The brand has a rich history that dates back to 1921 when it was founded by an Italian businessman named Guccio Gucci.
