Bernard Arnault is a name that is synonymous with luxury. He is the CEO of LVMH (Louis Vuitton Moët Hennessy), the world’s largest luxury goods company.
With a net worth of over $150 billion, he is one of the richest people in the world. However, there has been some confusion about whether Bernard Arnault owns Gucci or not.
Who owns Gucci?
Gucci is currently owned by Kering, a French luxury goods company. Kering was previously known as PPR (Pinault-Printemps-Redoute) and changed its name to Kering in 2013. Kering also owns other luxury brands such as Yves Saint Laurent, Balenciaga, and Alexander McQueen.
What is Bernard Arnault’s connection to Gucci?
Bernard Arnault does not own Gucci, nor does LVMH. However, there was a time when LVMH attempted to take over Gucci in the late 1990s. At that time, Gucci was struggling financially and LVMH saw an opportunity to acquire it.
Gucci did not want to be acquired by LVMH and instead sought the help of François Pinault, who owned a majority stake in PPR (now Kering). Pinault helped Gucci fend off LVMH’s takeover attempt by acquiring a stake in Gucci himself and forming an alliance with the company.
What other luxury brands does Bernard Arnault own?
While Bernard Arnault does not own Gucci, his company LVMH owns several other luxury brands such as Louis Vuitton, Christian Dior, Fendi, Givenchy, and Celine. In addition to these fashion brands, LVMH also owns other luxury companies such as Moët & Chandon champagne and Hennessy cognac.
Conclusion
In conclusion, Bernard Arnault does not own Gucci. Gucci is currently owned by Kering, a French luxury goods company.
While LVMH attempted to take over Gucci in the late 1990s, they were unsuccessful and Gucci formed an alliance with François Pinault’s PPR (now Kering) instead. Bernard Arnault’s LVMH owns several other luxury brands such as Louis Vuitton and Christian Dior.
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