Is Gucci Part of Kering?

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If you’re a fashion enthusiast, you might have heard about Gucci – the luxury fashion brand that has taken the world by storm with its high-quality products. But have you ever wondered if Gucci is part of Kering? In this article, we’ll explore the relationship between Gucci and Kering.

The History of Gucci

Gucci is an Italian luxury brand that was founded in Florence in 1921 by Guccio Gucci. The brand started as a small leather goods shop but quickly grew to become one of the most recognized fashion brands in the world. Today, Gucci offers a wide range of products including clothing, bags, shoes, and accessories.

The History of Kering

Kering (formerly known as PPR) is a French luxury group that was founded in 1963 by François Pinault. The company started as a timber trading business but later expanded into retail and luxury goods. Today, Kering owns several luxury brands including Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, and more.

Is Gucci Part of Kering?

Yes, Gucci is part of Kering. In fact, it’s one of the flagship brands under the company’s portfolio. Kering acquired Gucci in 1999 for $7 billion and has since then been instrumental in the growth and success of the brand.

The Relationship Between Gucci and Kering

Kering’s acquisition of Gucci was a strategic move that allowed them to expand their portfolio and enter into the lucrative luxury fashion market. Since then, Kering has invested heavily in developing and promoting the brand while also giving it creative freedom to innovate.

Under Kering’s ownership, Gucci has experienced significant growth with sales increasing from €4.2 billion in 2016 to €9.6 billion in 2019. This growth can be attributed to Kering’s investment in digital marketing, e-commerce, and sustainability initiatives.

The Future of Gucci Under Kering

It’s clear that the relationship between Gucci and Kering is strong and mutually beneficial. With a focus on innovation and sustainability, both companies are committed to driving growth while also making a positive impact on the world.

Gucci has several exciting projects in the works including collaborations with artists and designers, and the launch of new sustainable initiatives. With Kering’s support, we can expect to see continued growth and success from this iconic luxury brand.

Conclusion

In conclusion, Gucci is indeed part of Kering – a French luxury group that owns several other prestigious brands. The acquisition of Gucci by Kering has been a strategic move that has allowed the brand to grow and innovate while still maintaining its unique identity. We can expect to see continued success from Gucci under the guidance of Kering in the years to come.

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