Are you a fashion enthusiast who is curious about the ownership of Aldo Shoes? There have been several rumors circulating about whether Gucci owns Aldo Shoes or not. In this article, we will delve into the history and facts to answer this question once and for all.
History of Aldo Shoes
Aldo Shoes is a Canadian footwear company that was founded in 1972 by Aldo Bensadoun. The brand quickly gained popularity due to its trendy designs and affordable prices.
Today, Aldo has over 3000 stores in more than 100 countries worldwide. The company offers a wide range of footwear, including boots, sandals, sneakers, and dress shoes for men and women.
The History of Gucci
Gucci is an Italian luxury fashion brand that was founded in 1921 by Guccio Gucci. The brand became popular due to its high-quality leather goods such as handbags, belts, and shoes. Today, Gucci is one of the world’s most valuable luxury fashion brands.
Does Gucci Own Aldo?
The answer is no; Gucci does not own Aldo Shoes. The two companies are entirely separate entities with different ownership structures. While both companies operate in the fashion industry, they have different Target markets and product offerings.
Aldo’s Ownership Structure
Aldo Shoes is a private company that is owned by the Bensadoun family. The founder of the company, Aldo Bensadoun, still serves as its executive chairman today.
Gucci’s Ownership Structure
Gucci is a subsidiary of Kering SA, which is a French multinational luxury goods conglomerate. Kering SA owns several other luxury brands such as Saint Laurent, Bottega Veneta, Balenciaga among others.
Conclusion
In conclusion, Aldo Shoes is not owned by Gucci. While both companies are in the fashion industry, they have different ownership structures and product offerings.
Aldo Shoes is a privately owned company by the Bensadoun family, while Gucci is a subsidiary of Kering SA. Hopefully, this article has cleared up any doubts you had about the ownership of Aldo Shoes.
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