There has been a lot of confusion and speculation regarding the ownership of North Face and Gucci. Many people have been asking the question, “Does North Face own Gucci?” In this article, we will explore the answer to this question and provide you with all the information you need to know.
Who is North Face?
North Face is an American outdoor recreation company that specializes in outerwear, fleece, footwear, and equipment such as backpacks, tents, and sleeping bags. The company was founded in 1966 by Douglas Tompkins and Susie Tompkins Buell in San Francisco, California.
Who is Gucci?
On the other hand, Gucci is an Italian luxury fashion brand that was founded by Guccio Gucci in Florence in 1921. The company produces high-end fashion products such as clothing, accessories like bags, shoes, and belts.
So does North Face own Gucci?
No! It is a common misconception that North Face owns Gucci. In reality, both companies are owned by different parent companies.
North Face is owned by VF Corporation which also owns other well-known brands like Vans, Timberland, Eastpak and more.
Gucci on the other hand is owned by Kering which is a French multinational luxury goods conglomerate that also owns other high-end fashion brands such as Saint Laurent Paris (YSL), Alexander McQueen, Bottega Veneta and Balenciaga among others.
Conclusion
In conclusion, it’s clear that there’s no connection between North Face and Gucci when it comes to ownership. Both companies are owned by different parent companies and operate separately. While they might share some similarities in terms of their customer base or Target market since both companies cater to consumers who value quality products with a premium price tag; they are still separate entities.
If you were one of the many people who were confused about whether North Face owns Gucci or not, this article has hopefully cleared things up for you. It’s always good to have accurate information and avoid spreading misinformation.
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