Maurizio Gucci was an Italian businessman and the former head of the Gucci fashion house. In 1993, Maurizio sold his stake in the company to Investcorp for $170 million. However, just a few years later, he was murdered by a hitman hired by his ex-wife Patrizia Reggiani.
Following Maurizio’s death, Investcorp sold their stake in Gucci to a group of investors led by Tom Ford and Domenico De Sole. The company went on to become one of the most successful luxury brands in the world.
But what happened to Maurizio Gucci’s shares? Did they disappear with his death?
The answer is no. Maurizio’s shares were transferred to his two daughters, Allegra and Alessandra, who were minors at the time of their father’s death. The shares were held in trust until Allegra turned 18 in 2001.
At that point, Allegra inherited 50% of her father’s stake in Gucci, while the other 50% went to her uncle, Maurizio’s brother Paolo. However, Paolo quickly sold his stake to Investcorp for $100 million.
This left Allegra as the sole inheritor of her father’s shares in Gucci. She became a billionaire overnight at just 18 years old.
But what did Allegra do with her stake in Gucci? Did she hold onto it or sell it off?
In fact, Allegra has never been involved in the day-to-day operations of Gucci. Instead, she has chosen to live a private life and focus on her studies.
Despite this, she remains one of the wealthiest women in the world thanks to her inheritance from her father.
Today, Gucci is owned by French luxury conglomerate Kering. The brand continues to be a major player in the fashion industry and is known for its innovative designs and high-end products.
In conclusion, Maurizio Gucci’s shares were transferred to his daughters after his death. Allegra inherited her father’s stake in Gucci and became one of the wealthiest women in the world as a result.
However, she has chosen to lead a private life and has never been involved in the management of the company. Today, Gucci is owned by Kering and continues to be a major force in the fashion industry.