What Group Does Gucci Belong To?

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Gucci is one of the most popular luxury fashion brands in the world. Founded in Florence, Italy in 1921 by Guccio Gucci, the brand started as a small leather goods company and has since expanded to become a global fashion powerhouse.

Many people are curious about which group owns Gucci. In this article, we will explore the answer to that question.

What is a Fashion Group?

Before we dive into the specifics of which group owns Gucci, let’s first define what a fashion group is. A fashion group is a company that owns multiple fashion brands.

These groups often acquire smaller fashion companies to expand their portfolio and increase their market share. They also provide resources and support to their brands to help them succeed.

Kering Group

So, what group does Gucci belong to? The answer is Kering Group, formerly known as PPR (Pinault-Printemps-Redoute). Kering is a French multinational luxury goods conglomerate that owns several high-end fashion brands, including Saint Laurent, Balenciaga, Alexander McQueen, and Bottega Veneta.

Kering acquired Gucci in 1999 when it bought a 40% stake in the company for $3 billion. Over the years, Kering has increased its ownership stake in Gucci and now owns 100% of the brand.

The Impact of Being Part of Kering Group

Being part of Kering Group has had a significant impact on Gucci’s success. Kering provides resources and support to help Gucci grow its business and expand its reach worldwide. This includes access to financing, marketing expertise, and supply chain management.

Additionally, being part of Kering has allowed Gucci to collaborate with other high-end fashion brands within the group. In recent years, we have seen collaborations between Gucci and Saint Laurent, as well as between Gucci and Balenciaga. These collaborations have helped to elevate both brands and generate buzz within the fashion industry.

Conclusion

In conclusion, Gucci is part of Kering Group, a French multinational luxury goods conglomerate that owns several high-end fashion brands. Being part of Kering has had a significant impact on Gucci’s success, providing access to resources and support to help the brand grow and expand its reach worldwide. As we continue to see collaborations between Gucci and other Kering-owned brands, it will be interesting to see what the future holds for this iconic fashion brand.

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