If you are a fashion enthusiast, you might have heard about the Gucci brand. Gucci is an Italian luxury brand that produces high-end fashion products like bags, shoes, clothes, and accessories.
However, you might be wondering who owns Gucci? Is it Pinault or someone else? In this article, we will explore who owns Gucci and the history behind it.
History of Gucci
Gucci was founded in 1921 by Guccio Gucci in Florence, Italy. The brand started as a small leather goods and luggage company and gradually expanded to other products. The brand gained popularity due to its unique designs and high-quality products.
In the 1980s, the company faced financial troubles due to family disputes and management issues. In 1993, Tom Ford was appointed as the creative director of the brand and brought significant changes to the company’s image and designs. This led to an increase in sales and profits for the company.
Who owns Gucci?
Gucci is currently owned by Kering Group, a French luxury conglomerate that owns several other high-end fashion brands like Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, etc. Kering Group acquired Gucci in 2004 after a long-standing ownership battle with LVMH (Louis Vuitton Moët Hennessy).
Kering Group was previously known as Pinault-Printemps-Redoute (PPR) until it changed its name in 2013. The chairman and CEO of Kering Group is François-Henri Pinault, who is also one of the richest men in France.
Conclusion
In conclusion, Gucci is currently owned by Kering Group which is led by François-Henri Pinault. The brand has a rich history of unique designs and quality products that have made it one of the most popular luxury brands in the world. So, next time you see Gucci products, you know who owns it and the journey behind its success.
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