Who Is Gucci Owned by Now?

Gucci is a luxury fashion brand that has been around for nearly a century. It’s known for its high-end products and iconic designs that have become synonymous with sophistication and elegance. However, there have been several changes in ownership over the years, leading many to wonder, who is Gucci owned by now?

In 2018, it was announced that Gucci is owned by French luxury group Kering. Kering is also the parent company of other well-known brands such as Saint Laurent, Balenciaga, and Alexander McQueen. This acquisition solidified Kering’s position as one of the top players in the luxury goods industry.

Kering acquired Gucci in 1999 from Investcorp, a Bahrain-based investment company. At the time, Gucci was struggling financially and was on the verge of bankruptcy. However, under Kering’s leadership and guidance, the brand was able to turn things around.

Today, Gucci is one of the most successful luxury fashion brands in the world. It’s known for its innovative designs and forward-thinking approach to fashion. The brand has also made a name for itself by championing sustainability and ethical practices in the fashion industry.

But what does this mean for consumers? Well, it means that when you buy a Gucci product, you’re not just buying a piece of high-end fashion – you’re supporting a company that values sustainability and ethical practices. It also means that you can expect the same level of quality and attention to detail that has made Gucci one of the most iconic brands in the world.

In conclusion, Gucci is owned by French luxury group Kering. This acquisition has allowed the brand to thrive and become one of the most successful luxury fashion brands in existence. As a consumer, you can rest assured that when you purchase a Gucci product, you’re supporting a company that values sustainability and ethical practices while also getting a high-quality piece of fashion that will stand the test of time.