If you’re a fashion enthusiast, you’ve probably come across the brand name “Gucci” at some point in your life. Gucci is a luxury brand that produces high-end fashion accessories, clothing, and fragrances.
However, there has been a lot of confusion lately regarding the ownership of Gucci. So, does Coty own Gucci? Let’s find out.
Firstly, it’s important to understand who Coty is. Coty is a multinational beauty company that produces fragrances, cosmetics, and skincare products. The company was founded in 1904 in Paris and has since then grown to become one of the largest beauty companies in the world.
Now coming back to Gucci – Coty does not own Gucci. Gucci is owned by Kering Group, which was previously known as PPR (Pinault-Printemps-Redoute). Kering Group is a French luxury goods holding company that owns several other high-end brands such as Alexander McQueen, Balenciaga, Yves Saint Laurent, and more.
It’s understandable why people may have thought that Coty owns Gucci because Coty does have a licensing agreement with Gucci. This means that Coty has the rights to produce and distribute fragrances for the brand. The agreement between Coty and Gucci was signed in 2010 and is set to expire in 2024.
So while Coty does have a partnership with Gucci for fragrances, they do not own the brand itself. It’s crucial to remember that owning licensing rights for a product or brand is not the same as owning the actual brand itself.
In conclusion, no – Coty does not own Gucci. The luxury fashion brand is still owned by Kering Group and will continue to produce high-end fashion products beloved by fans all over the world.
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