Gucci is a world-renowned luxury fashion brand that has been around for almost 100 years. Over the years, the brand has expanded and diversified its business to include various other brands under its umbrella. In this article, we will dive deep into the question – How many brands does Gucci own?
The Beginning of Gucci
Before we get into the number of brands that Gucci owns, let’s take a quick look at the history of the brand. Gucci was founded in Florence, Italy in 1921 by Guccio Gucci.
Initially, the brand focused on leather goods and luggage. However, over time it expanded its product line to include clothing, shoes, accessories, and even home decor.
Gucci’s Parent Company – Kering
In 1999, Gucci merged with Pinault-Printemps-Redoute (PPR), a French multinational holding company that specializes in retail shops and luxury goods. In 2013, PPR changed its name to Kering to reflect its focus on luxury goods.
Brands Owned by Gucci/Kering
Now coming back to our original question – how many brands does Gucci own? Well, as of 2021, Kering owns a total of 15 luxury brands including Gucci. These brands are:
- Gucci
- Saint Laurent
- Balenciaga
- Alexander McQueen
- Bottega Veneta
- Boucheron
- Brioni
- Pomellato
- Qeelin
- Ulysse Nardin
- Girard-Perregaux
- Christopher Kane
- Tomas Maier
- McQ
- Sergio Rossi
Gucci’s Contribution to Kering’s Revenue
Gucci is undoubtedly one of Kering’s crown jewels. In 2020, Gucci accounted for over 60% of Kering’s revenue. The brand has been performing exceptionally well in recent years, thanks to its focus on digital marketing and e-commerce.
Conclusion
In conclusion, Gucci is just one of the many luxury brands owned by Kering. The company has a diverse portfolio of brands that cater to different segments of the luxury market. Gucci continues to be the biggest contributor to Kering’s revenue and shows no signs of slowing down anytime soon.