Gucci is a luxury fashion brand founded in 1921 by Guccio Gucci. The brand has a rich history and is known for its iconic designs, including the GG logo and the Bamboo Bag. But who is the heir of this prestigious brand?
After Guccio’s death in 1953, his son Aldo took over the company and expanded it globally. However, in 1989, Aldo was convicted of tax evasion and imprisoned, leaving his sons Maurizio and Paolo to run the business.
Maurizio became the CEO in 1990 but was forced out of the company by his own family in 1993. He sold his shares to Investcorp, a Bahrain-based investment company.
In 1995, Maurizio was tragically murdered by a hitman hired by his ex-wife Patrizia Reggiani. She was convicted of ordering the murder and served 18 years in prison before being released in 2016.
After Maurizio’s death, Investcorp sold their shares to French luxury goods conglomerate Pinault-Printemps-Redoute (now known as Kering) in 1999. Kering now owns a majority stake in Gucci.
So who is the heir of Gucci? Technically, there isn’t one.
The Gucci family lost control of the company when they sold their shares to Investcorp. While Paolo still works for Gucci as an advisor, he has no ownership stake.
Instead, Kering’s CEO Francois-Henri Pinault can be considered the closest thing to an heir of Gucci since Kering owns a majority stake in the company.
In conclusion, while there may not be a direct heir to Gucci anymore due to its complex ownership history, the brand’s legacy continues to thrive under Kering’s leadership.
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