Who Is Gucci Owned By?

Have you ever wondered who owns the luxury fashion brand, Gucci? Well, wonder no more! Let’s dive into the history of this iconic brand and its ownership.

History of Gucci

Gucci was founded in 1921 by Italian businessman, Guccio Gucci, in Florence, Italy. The brand initially started as a small leather goods shop but quickly gained popularity and expanded to include clothing and accessories.

In the 1950s and 1960s, Gucci became known for its signature horsebit loafers and bamboo-handled bags, which were popular among Hollywood celebrities. However, after Guccio’s death in 1953, the brand faced financial struggles and family feuds over ownership.

Who Owns Gucci?

Today, Gucci is owned by French luxury conglomerate company Kering. Kering acquired the brand in 1999 when it purchased a 42% stake in Gucci Group NV. In subsequent years, Kering increased its ownership to 100%, making Gucci a wholly-owned subsidiary of Kering.


Kering was previously known as PPR (Pinault-Printemps-Redoute) until it changed its name in 2013. The company was founded by French billionaire François Pinault and originally focused on retail businesses such as department stores and mail order catalogs.

In the early 2000s, PPR shifted its focus to luxury brands and began acquiring companies such as Yves Saint Laurent, Bottega Veneta, Balenciaga, and Alexander McQueen. The acquisition of Gucci was a significant move for PPR/Kering as it solidified their position in the luxury fashion market.

The Impact of Ownership on Gucci

Under Kering’s ownership, Gucci has seen significant growth and success. The brand’s revenue has increased from €2.2 billion in 2009 to €9.6 billion in 2019.

Kering has also made efforts to make Gucci a more sustainable brand. In 2017, Gucci announced its 10-year sustainability plan, which includes a commitment to carbon neutrality and the use of sustainable materials.


In conclusion, Gucci is owned by French luxury conglomerate company Kering. This ownership has had a positive impact on the brand’s growth and sustainability efforts. It will be interesting to see how Gucci continues to evolve under Kering’s ownership in the future.