Is Gucci Owned by Luxottica?

|

thedutchladydesigns

by

Gucci is a well-known luxury brand that has been around for nearly a century. Over the years, there have been many questions about the ownership of the company, including whether or not it is owned by Luxottica. In this article, we’ll explore this topic in-depth and provide you with all the information you need to know.

What is Luxottica?

Before we dive into whether or not Gucci is owned by Luxottica, let’s first define what Luxottica is. Luxottica is an Italian eyewear conglomerate that was founded in 1961 by Leonardo Del Vecchio.

The company designs, manufactures, and distributes eyewear for a variety of brands, including Ray-Ban, Oakley, and Persol. Today, Luxottica is one of the largest eyewear companies in the world.

Is Gucci Owned by Luxottica?

The short answer to this question is no – Gucci is not owned by Luxottica. While it’s true that Luxottica does own several luxury eyewear brands (like Ray-Ban and Persol), Gucci is not one of them.

So who does own Gucci? The luxury brand is actually owned by a French holding company called Kering. Kering (formerly known as PPR) acquired Gucci in 1999 and has since expanded its portfolio to include other high-end fashion brands like Saint Laurent and Balenciaga.

The Relationship Between Gucci and Luxottica

While it’s true that Gucci isn’t owned by Luxottica, there is still a relationship between the two companies. In fact, in 2010, Gucci signed a 10-year licensing agreement with Safilo – another Italian eyewear company – to produce and distribute its eyewear collections.

However, after that agreement expired in 2020, Gucci announced that it would be partnering with Kering Eyewear (a subsidiary of Kering) to produce and distribute its eyewear collections moving forward. This means that Luxottica is no longer involved in the production or distribution of Gucci eyewear.

The Bottom Line

So, to sum it up: No, Gucci is not owned by Luxottica. While the two companies do have a relationship (through licensing agreements and the like), Gucci is ultimately owned by Kering.

As for whether or not this information affects your opinion of Gucci as a brand – well, that’s up to you. But we hope this article has helped clear up any confusion about who owns this iconic luxury brand.

8 Related Question Answers Found

Is Gucci a High End Brand?

Gucci is a name that has become synonymous with luxury fashion and high-end products. Founded in Florence, Italy in 1921 by Guccio Gucci, the brand has grown to become one of the most recognizable names in the fashion industry. While many people are familiar with the Gucci brand, there is still some confusion about whether or not it truly qualifies as a high-end brand.

Is Gucci a Luxury Brand?

Gucci is one of the most recognizable fashion brands in the world. Founded in Florence, Italy in 1921 by Guccio Gucci, the brand has become synonymous with luxury and high-end fashion. But is Gucci really a luxury brand Let’s take a closer look.

Is Gucci Owned by LVMH?

If you’re into fashion, you’ve probably heard of Gucci. The luxury brand is known for its high-end clothing, accessories, and fragrances. But who owns Gucci?

Is Gucci a Couture?

Gucci is a brand that is well-known for its luxurious fashion products. The brand has been around since 1921 and has been a favorite among fashion lovers ever since. However, there has been some debate about whether Gucci can be considered a couture brand.

Is Gucci a Luxury Watch?

Gucci is a well-known brand that has been associated with luxury fashion items. When it comes to watches, Gucci is one of the brands that people tend to think of as a luxury watch. However, is Gucci really a luxury watch?

Is Gucci a Public Stock?

If you’re a fashion enthusiast, you’ve likely heard of Gucci. The Italian luxury brand has been around since 1921 and has become a staple in the fashion industry. But have you ever wondered if Gucci is a public stock?

Is Alexander McQueen Owned by Gucci?

Is Alexander McQueen Owned by Gucci? The fashion industry is ever-evolving, and with it come various acquisitions and mergers of iconic fashion houses. One such acquisition that raised many eyebrows was the purchase of Alexander McQueen by Gucci in 2000.

Does Gucci Own Gucci?

If you’re a fashion enthusiast, then you’ve probably heard of the brand Gucci. It’s a luxury fashion house that produces high-end clothing, accessories, and beauty products. Gucci is known for its iconic double G logo, which has become a symbol of luxury and status.