If you are a fashion enthusiast, you might have heard of the luxury brand Gucci. Known for its high-end fashion products, Gucci is one of the most recognized brands in the world.
However, there has been some confusion regarding the ownership of Gucci. Some people believe that Safilo owns Gucci, while others think that it’s the other way around. In this article, we will explore this topic and clear up any misconceptions.
Firstly, let’s discuss who Safilo is. Safilo is an Italian eyewear company that was founded in 1934.
The company produces eyewear for many well-known brands such as Dior, Fendi, and Marc Jacobs. Safilo operates in over 40 countries and has more than 50,000 retail locations worldwide.
Now coming to the main question – Does Safilo own Gucci? The answer is no.
While it’s true that Safilo produces eyewear for Gucci, it does not own the brand itself. Gucci is owned by Kering, a French multinational corporation that specializes in luxury goods.
Kering acquired Gucci in 1999 when it purchased a 42% stake in the company from Investcorp. Over time, Kering increased its ownership stake to 99%, effectively making Gucci a wholly-owned subsidiary of Kering.
However, just because Safilo doesn’t own Gucci doesn’t mean they don’t have a significant partnership. As mentioned earlier, Safilo produces eyewear for Gucci under a licensing agreement. This agreement allows Safilo to manufacture and distribute eyewear under the Gucci brand name.
In conclusion, while Safilo does produce eyewear for the iconic fashion brand Gucci under a licensing agreement, it does not own the brand itself. The ownership of Gucci lies with Kering – a French luxury goods conglomerate that has made significant investments in many high-end brands including Yves Saint Laurent, Balenciaga, and Alexander McQueen.
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