Who Is Owner of Gucci?

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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. Kering is a global luxury group that manages several other world-renowned fashion brands such as Saint Laurent, Balenciaga, Bottega Veneta, Alexander McQueen, and many more.

Kering’s acquisition of Gucci marked the beginning of a new era for the brand. Under the leadership of Kering’s CEO Francois-Henri Pinault, Gucci underwent significant changes that transformed it into one of the most profitable fashion brands globally.

Pinault took over as CEO of Kering in 2005 and quickly recognized the potential of Gucci. He appointed Marco Bizzarri as CEO of Gucci in 2015 and together they implemented a strategy that focused on rebranding and revitalizing the brand’s image.

The strategy included collaborations with renowned designers like Tom Ford and Alexander McQueen, who brought their unique creative perspectives to the brand. The result was a series of successful collections that cemented Gucci’s position as a leader in high-end fashion.

In addition to its innovative designs, Gucci has also been committed to sustainability in recent years. The brand has launched several initiatives aimed at reducing its environmental impact while also supporting local communities where it operates.

Gucci’s current creative director is Alessandro Michele who has been with the brand since 2002. Under his leadership, Gucci has continued to push boundaries with its designs while also being vocal about social issues such as gender equality and freedom of expression.

In conclusion, while Guccio Gucci may have been the founder of this iconic fashion house it is now owned by the French luxury group Kering. With their keen eye for fashion and business, it is no surprise that Gucci has become one of the most profitable and innovative brands in the industry. The brand’s commitment to sustainability and social issues underlines their dedication to creating a better world while still producing exceptional luxury products.

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