Gucci, one of the most recognized luxury fashion brands worldwide, has a fascinating history that dates back to 1921. The brand’s founder, Guccio Gucci, was born in Florence, Italy, in 1881. He worked as a porter in London before returning to his home country and opening his first shop selling leather goods.
Over the years, Gucci expanded its product line and became known for its high-quality accessories and clothing. Today, it is one of the leading fashion houses globally and is owned by the French luxury group Kering.
Kering acquired Gucci in 1999 when it purchased a 42% stake in the company from Investcorp. Since then, Kering has increased its ownership percentage to 100%, making it the sole owner of the iconic brand.
Kering is a multinational luxury goods holding company based in Paris, France. Besides Gucci, Kering also owns other well-known luxury brands such as Saint Laurent, Alexander McQueen, and Bottega Veneta.
Under Kering’s ownership, Gucci has continued to thrive. The brand has undergone significant changes over the years under different creative directors. Currently led by Alessandro Michele since 2015, Gucci has become known for its bold designs and colorful prints that have taken the fashion world by storm.
In conclusion, while Guccio Gucci may have been the founder of this iconic brand many decades ago; today, it is owned entirely by Kering Group – an international luxury conglomerate based out of Paris. As we look forward to what new heights this collaboration takes one of fashion’s biggest names too; we can only imagine what new trends they will set next!