Gucci is one of the most renowned fashion brands in the world. Known for its luxury products, Gucci has been a favorite of many fashion enthusiasts for decades.
But, is Gucci still owned by the Gucci family? Let’s find out.
The History of Gucci
Guccio Gucci founded the brand in 1921 in Florence, Italy. He started with leather goods, and eventually expanded to other luxury products like clothing and accessories. The brand became popular among celebrities and fashion enthusiasts and grew to become a global sensation.
The Ownership of Gucci
In 1993, the Gucci family lost control of the brand due to internal conflicts. Investcorp, a Bahrain-based investment company, acquired a majority stake in the company. However, in 1999, French luxury group Pinault-Printemps-Redoute (PPR) acquired a controlling stake in Gucci.
The Rise of PPR
After PPR gained control, they brought in new management and designers who helped revive the brand’s image and profitability. Tom Ford was one such designer who played a significant role in bringing back Gucci’s glory days.
The Current Ownership Status
In 2018, PPR changed its name to Kering to reflect its focus on luxury goods. Kering currently owns several luxury brands including Gucci. Therefore, it can be concluded that Gucci is no longer owned by the Gucci family but by Kering.
Conclusion
In conclusion, while Guccio Gucci may have founded the brand back in 1921, it has since changed hands multiple times over the years. Today, Kering is the current owner of this iconic fashion brand that continues to dominate the industry with its luxurious products and timeless designs.
- Key takeaways:
- Guccion Gucci founded the brand in 1921
- In 1999, Pinault-Printemps-Redoute (PPR) acquired a controlling stake in Gucci
- PPR changed its name to Kering in 2018 and currently owns Gucci
7 Related Question Answers Found
Gucci is a luxury fashion brand that was founded in 1921 by Guccio Gucci in Florence, Italy. Over the years, the brand has become synonymous with class, elegance, and sophistication. However, there have been questions about whether the brand is still owned by the Gucci family or if it has been sold to another company.
Gucci is a luxury fashion brand that has been around for nearly a century. Founded in 1921 by Guccio Gucci, the brand has become synonymous with high-end fashion and sophistication. However, over the years, there has been some confusion about who actually owns Gucci.
Gucci is an Italian luxury brand that has been around since 1921. Over the years, the brand has become synonymous with high fashion and luxury. Despite being a global brand, many people are still curious about the company’s ownership and whether the Gucci family is still involved.
Have you ever wondered if any member of the Gucci family still owns the luxury fashion brand, Gucci? In this article, we will explore the history of the brand and its ownership over the years. The History of Gucci
Gucci was founded by Guccio Gucci in Florence, Italy, in 1921.
There is a widespread misconception that the Gucci family still owns and operates the luxury fashion brand, Gucci. However, this is not entirely true. Who Founded Gucci?
If you’re a fan of fashion, then you’ve probably heard of the iconic brand Gucci. The luxury brand is known for its high-end products, but do you know who owns Gucci? Many people assume that the brand is still owned by the Gucci family, but the truth might surprise you.
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.
