Patrizia Gucci, the daughter of the late Maurizio Gucci, recently made headlines with news that she has purchased a stake in the historic fashion brand that bears her family’s name. The question on everyone’s mind is, how much did she pay for this piece of fashion history? Let’s take a closer look.
Background
Gucci was founded in 1921 by Guccio Gucci in Florence, Italy. The brand quickly became known for its high-quality leather goods and iconic designs such as the bamboo-handled bag and the horsebit loafer. In the decades since its founding, Gucci has become one of the most recognizable and influential fashion brands in the world.
The Sale
In April 2021, it was announced that Patrizia Gucci had purchased a 1.8% stake in Gucci from Investcorp for an undisclosed sum. Investcorp had acquired its stake in Gucci in 1993 for $120 million and reportedly sold it to Patrizia at a significant premium.
The Rumors
Rumors about Patrizia’s interest in buying a stake in Gucci had been circulating for months prior to the sale. Some reports suggested that she was looking to buy as much as a 20% stake in the company, while others speculated that she was only interested in a small share.
The Implications
Patrizia’s purchase of a stake in Gucci has significant implications both for the brand and for her family. On one hand, it could be seen as a vote of confidence from one of the Gucci family members in the direction that current creative director Alessandro Michele is taking the brand. On the other hand, it raises questions about what role Patrizia may play in shaping the future of Gucci.
Conclusion
While the exact amount that Patrizia Gucci paid for her stake in Gucci has not been disclosed, it is clear that it was a significant investment. As the brand continues to evolve and innovate, it will be interesting to see what role she plays in shaping its future. One thing is for sure: the Gucci name remains as powerful and iconic as ever.