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. The brand started as a small leather goods shop and quickly gained popularity for its high-quality products. Over the years, Gucci expanded its product range to include clothing, accessories, and fragrances.
Gucci’s Ownership Over the Years
In 1993, Maurizio Gucci sold his stake in the company to Investcorp, a Bahrain-based investment company. This marked the end of family ownership of Gucci.
However, in 2004, French luxury conglomerate Kering (formerly known as PPR) acquired a 42% stake in Gucci. This acquisition brought Gucci back into Italian hands as Kering is led by French billionaire François-Henri Pinault who is married to Salma Hayek – daughter of a Mexican billionaire.
Current Ownership Status
As of now, none of the members of the Gucci family own shares in the company. The majority shareholder is Kering with a 70% stake in the company.
Conclusion
In conclusion, despite its humble beginnings as a small leather goods shop in Florence nearly 100 years ago, today’s Gucci is an undisputed leader in luxury fashion under its current ownership structure with Kering holding majority stake. Although no member of the Gucci family still owns any part of it today – their legacy still lives on through their contributions to building one of world’s most iconic brands we know today!