If you’re a fashion enthusiast, you may have wondered if Gucci is under LVMH. LVMH, which stands for Louis Vuitton Moët Hennessy, is a conglomerate that owns several high-end fashion brands. In this article, we’ll explore whether or not Gucci is part of the LVMH family.
What is LVMH?
LVMH is a French multinational luxury goods conglomerate that was founded in 1987. The company owns over 60 high-end brands, including Louis Vuitton, Dior, Fendi, and Givenchy. In addition to fashion and leather goods, LVMH also has interests in wine and spirits, watches and jewelry, and perfumes and cosmetics.
Is Gucci Under LVMH?
No, Gucci isn’t under LVMH. Instead, Gucci is owned by another luxury goods conglomerate called Kering.
Kering was founded in 1963 by François Pinault and is headquartered in Paris. The company owns several luxury brands such as Balenciaga, Alexander McQueen, Saint Laurent, and Bottega Veneta.
The History of Gucci
Gucci was founded in Florence in 1921 by Guccio Gucci. Initially selling leather goods such as luggage and saddles, the brand expanded into clothing and accessories over time. After a series of ownership changes throughout the 1990s and early 2000s, Kering acquired full control of the brand in 2004.
The Relationship Between LVMH and Kering
While both LVMH and Kering are luxury goods conglomerates that own several high-end brands each, they are also competitors within the industry. In fact, there have been instances where the two companies have engaged in legal battles over alleged unfair practices.
Conclusion
In summary, Gucci is not under LVMH but is owned by Kering. While LVMH and Kering both own several luxury brands, they are not related companies and are actually competitors within the industry. Understanding the ownership and relationships between these companies can help fashion enthusiasts stay informed about their favorite luxury brands.
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