If you’re a fashion enthusiast, you’re probably familiar with the name ‘Gucci’. It’s a luxury brand that has been a symbol of sophistication and elegance for decades.
But have you ever wondered who the owner of this iconic brand is? In this article, we’ll take a closer look at the history of Gucci and its current owner.
The History of Gucci
Gucci was founded in Florence, Italy in 1921 by Guccio Gucci, who was inspired by the luxurious luggage he saw travelers carrying while working at London’s Savoy Hotel. He started his own leather goods shop and created high-quality products that quickly became popular among wealthy customers.
In the following years, Gucci expanded its product line to include clothing, shoes, accessories, and fragrances. The brand’s signature logo featuring two interlocking Gs became synonymous with luxury and style.
However, in the 1980s and 1990s, Gucci faced financial troubles due to family conflicts and poor management. In 1994, Tom Ford was appointed as creative director and helped turn things around with his innovative designs.
The Current Owner of Gucci
Today, Gucci is owned by Kering SA (formerly known as PPR), a French multinational company that specializes in luxury goods. Kering acquired Gucci in 1999 for $7 billion.
Kering also owns other luxury brands such as Saint Laurent, Alexander McQueen, Balenciaga, Bottega Veneta, and more. The company is currently led by CEO François-Henri Pinault.
Conclusion
In conclusion, Gucci has come a long way since its humble beginnings in Florence. Its success story has been shaped by numerous individuals who have contributed to its growth and development over the years. Today, it continues to be one of the most recognizable luxury brands in the world, owned by Kering SA and led by François-Henri Pinault.