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.
History of Gucci
Before delving into the current ownership of Gucci, it’s important to understand the history of the brand. Guccio Gucci founded the company in Florence, Italy in 1921.
Initially, it was a small leather goods and luggage company. However, over time, it grew into a global fashion brand known for its high-end clothing, accessories, and fragrances.
Previous Owners of Gucci
In 1993, Gucci was acquired by Investcorp. However, Investcorp faced financial difficulties and sold its stake in Gucci to Tom Ford and Domenico De Sole in 1999. Under their leadership, Gucci underwent a significant revitalization and became one of the most profitable luxury brands in the world.
In 2004, French luxury conglomerate Kering (formerly known as PPR) acquired Gucci Group NV (now renamed Kering Eyewear), which included other luxury brands such as Yves Saint Laurent and Bottega Veneta.
Current Ownership of Gucci
As mentioned earlier, Kering is currently the owner of Gucci. François-Henri Pinault is the CEO and chairman of Kering. Under his stewardship, Kering has become one of the world’s largest luxury conglomerates with a portfolio that includes other well-known brands such as Balenciaga and Alexander McQueen.
Kering’s Impact on Gucci
Since acquiring Gucci in 2004, Kering has invested heavily in expanding its reach globally while maintaining its reputation for quality and exclusivity. The company has also made a concerted effort to reduce its environmental impact and promote sustainability.
In recent years, Gucci has experienced a resurgence under the creative direction of Alessandro Michele. Michele’s bold and eclectic designs have resonated with younger consumers, making Gucci one of the most sought-after luxury brands on the market.
Conclusion
In conclusion, Kering is currently the owner of Gucci. The company has made significant investments in the brand and has helped it achieve unprecedented success in recent years. With an eye towards sustainability and a commitment to quality, it seems likely that Gucci will continue to be one of the top luxury brands for years to come.