Who Currently Owns Gucci?

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Gucci is one of the most renowned luxury brands in the world. Founded in 1921 by Guccio Gucci, the company has come a long way from its humble beginnings as a leather goods manufacturer in Florence, Italy. Today, Gucci is a global fashion powerhouse, known for its iconic designs and high-end products.

But who currently owns Gucci? Let’s dive into the history of this brand and see who has been at the helm over the years.

Early Ownership

Guccio Gucci founded his eponymous brand in 1921, and it remained under his ownership until his death in 1953. Following his passing, his sons Aldo, Vasco, Ugo, and Rodolfo took over ownership of the company.

Acquisition by Investcorp

In 1983, Gucci was acquired by Investcorp, an investment group based in Bahrain. Under Investcorp’s ownership, Gucci experienced a renaissance, with new designer Tom Ford leading the charge on innovative designs that reinvigorated interest in the brand.

Acquisition by PPR

In 1999, French luxury conglomerate Pinault-Printemps-Redoute (PPR) acquired a controlling stake in Gucci. This move was fiercely opposed by then-CEO Domenico De Sole and creative director Tom Ford, who felt that PPR’s involvement would compromise their artistic vision for the brand. However, PPR ultimately prevailed and took over full ownership of Gucci in 2004.

Current Ownership

In 2018, PPR changed its name to Kering to reflect its shift towards more sustainable practices. Today, Kering is still the owner of Gucci and several other luxury brands such as Balenciaga and Saint Laurent.

Under Kering’s ownership, Gucci has continued to thrive. Its current creative director, Alessandro Michele, has brought a new vision to the brand that blends Gucci’s classic Italian heritage with bold, modern designs. The brand has also become a leader in sustainability efforts, with Kering committing to reducing its environmental impact and promoting ethical practices throughout its supply chain.

  • In conclusion,

Gucci has had several owners over the years, from its founder Guccio Gucci to its current owner Kering. Despite changes in ownership and leadership, the brand has remained one of the most iconic names in luxury fashion. As we look towards the future of Gucci, it’s clear that its commitment to innovation and sustainability will continue to set it apart in the fashion world.

5 Related Question Answers Found

Who Owns Gucci Currently?

Gucci is a luxury fashion brand that has been around for nearly a century. Over the years, the ownership of the company has changed hands several times. In this article, we will take a closer look at who owns Gucci currently.

Who Now Owns Gucci?

If you are a fashion enthusiast, you must be familiar with the iconic Italian luxury brand Gucci. But do you know who owns it now? Let’s take a closer look.

What Person Owns Gucci?

Gucci is a luxury brand known for its high-end fashion products like clothing, handbags, shoes, and accessories. It’s a brand that has been around for almost a century and has become synonymous with luxury and sophistication. Now the question arises, who actually owns Gucci?

Who Is the Current Owner of Gucci?

Gucci is one of the most popular and well-known luxury fashion brands in the world. It offers high-quality products ranging from clothing, accessories, and fragrances. The brand has a rich history that dates back to 1921 when it was founded by an Italian businessman named Guccio Gucci.

Who Is Owner of Gucci?

Gucci is one of the most renowned and luxurious fashion brands globally, known for its exceptional quality and elegant style. The brand was established in 1921 by Guccio Gucci, a talented Italian craftsman who started his career as a leather goods designer. Today, Gucci is owned by the French luxury group Kering, which acquired the brand in 1999.