There is a common misconception among fashion enthusiasts that Michael Kors owns Gucci. However, this is not entirely true. While both brands have made significant contributions to the fashion industry, they are two separate entities.
Michael Kors is an American fashion designer who founded his eponymous brand in 1981. The brand offers a range of luxury accessories, ready-to-wear clothing, and fragrances. Michael Kors has become a household name, with its products being sold in over 1200 stores worldwide.
On the other hand, Gucci is an Italian luxury brand that was established in 1921 by Guccio Gucci. The brand’s product line includes leather goods, apparel, and accessories such as watches and jewelry. Gucci is renowned for its timeless designs and impeccable craftsmanship and has become one of the most valuable luxury brands globally.
While Michael Kors and Gucci share some similarities in terms of their product offerings, they have different ownership structures. Michael Kors Holdings Limited is a publicly-traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol “KORS.” In contrast, Gucci is owned by Kering SA, a French luxury goods conglomerate that also owns other luxury brands such as Saint Laurent and Bottega Veneta.
It’s worth noting that there have been some rumors about Michael Kors buying out Gucci or merging with the brand. However, these rumors have been repeatedly denied by both companies.
In conclusion, while Michael Kors and Gucci are two popular luxury brands that offer high-end products to consumers worldwide, they are not owned by the same parent company. It’s essential to keep this distinction in mind while discussing these brands to avoid any confusion among consumers or fashion enthusiasts.
The Bottom Line
- Michael Kors and Gucci are two separate luxury brands that offer different products.
- Michael Kors Holdings Limited is a publicly-traded company, while Gucci is owned by Kering SA.
- Rumors of Michael Kors buying out Gucci or merging with the brand have been repeatedly denied.
Further Reading
If you’re interested in learning more about these two brands, check out their official websites for information on their product offerings and histories. You can also follow them on social media to stay up-to-date with their latest collections and collaborations.