How Much Is Gucci Brand Worth
How Much Is Gucci Brand Worth – Gucci is one of Italy’s top luxury brands and one of the most valuable companies in the world. With these facts in mind, many buyers want to know who the company’s shareholders are. So who owns Gucci now?
The Gucci company has been working hard for more than a century. The brand was founded in Florence, Italy in 1921 by the famous businessman Guccio Gucci. Since then, it has grown and become a world famous brand. Bags, shoes, cosmetics, home decor, etc. offers a variety of products.
How Much Is Gucci Brand Worth
He is an Italian businessman and fashion designer known as the founder of the Gucci fashion brand. This famous businessman was born on March 26, 1881 in Florence, Italy. He began his business career in 1897, leaving Florence and settling in London to work at the prestigious Savoy Hotel. After World War I, he worked for Franziska, a well-known factory worker.
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In 1921, the famous businessman bought his own store, Azienda Individuale Guccio Gucci, in Florence, where he sold imported leather goods. In addition, he opened a small factory for the production of his own leather goods by artisans.
Later, he introduced his family to his business. His son Aldo, who is actively involved in the family business, asked his father to expand the business. His father responded by opening a new store in Rome and introducing other products such as gloves, belts and bags.
After World War II, the late businessman divided the shares of the company between his three sons, Aldo, Vasco and Rodolfo, before his death in Milan on January 2, 1953.
After Gokyo’s death, his family opened many branches around the world, including but not limited to the United States, Tokyo, London, and Hong Kong. The company did very well until the 1980s when conflicts arose between members of the Gucci family.
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Aldo’s son Giorgio created a family feud by opening his own Gucci store in 1969. The family company entered the store in 1972. But in the 1980s, this led to problems. company.
Aldo, one of the company’s partners, is involved in the development of several international companies under Gucci America, which he owns. There were many conflicts in the family, and in order to reduce the tension, the Gucci company merged and became Guccio Gucci SpA, a public company, in 1982.
The luxury apparel offered at La Samaritan department store Gucci SpA is managed by LVMH Moet Hennessy Louis Vuitton SE in Paris, France. Photo: Benjamin Bloomberg
When Rodolfo died in May 1983, his son Maurizio Gucci acquired most of his father’s shares in the company. He began a legal battle with his uncle Aldo to gain full control of the club. He later succeeds and takes control of the company.
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Soon after, Maurizio sold about 47.8% of the company to the Bahrain-based bank Investcorp in 1988. But he missed 50%. In 1993, Investcorp bought the remaining 50% of the company from him. The sale ended the family’s involvement in the company.
Currently, the company is owned by French businessman Francois-Henri Pinoy. Since 2005, he has been the CEO of the French luxury company Kering, formerly known as Pinault. Kering bought Gucci from Investcorp in 1999. Kering’s other properties include Balenciaga, Bottega Veneta, Alexander McQueen and Yves Saint Laurent. Kering was founded in 1963 by Francois Pinault.
In 2014, Gucci faced some financial problems due to declining sales of its products while its competitors were increasing. To protect his position, Patrizio Di Marco stepped down as CEO after six years with the company.
In January 2015, Marco Bezzari took over from Patrizio Di Marco as the company’s new CEO. Before joining the company, Marco served as CEO of Bottega Veneta. He served as head of Kering’s luxury apparel and leather goods division.
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Marco found ways to restore the club to its lost glory. First, he appointed Alessandra Michele as creative director of the brand. Michel has been with the company since 2002. Before Students, he worked as Frida Gianni’s assistant and chief designer.
Alessandro revived the company’s classics such as the Double G logo and the Jackie O bag. Later, he created popular products such as the Dionysus handbag. His new technologies brought the industry back to life.
2019 is characterized by the great performance of the company’s products. It has 487 stores with 17,157 employees. It earned 9.628 billion euros on sales, compared to 8.2 billion euros in 2018. Since then, the company has made significant profits every year, and the current CEO has seen the company’s best performance to date.
Sources include Maurizio’s daughters Allegra and Alessandra Gucci, who are worth an estimated $400 million. They made a fortune when they took over their father’s estate after his death in 1997.
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They also own their father’s yacht and the New York, St. Moritz and Milan. Alessandra also boosts her budget with the proceeds from her luxury bag line, AG Limited Edition, which she launched in 2008.
The company is owned by French businessman Francois-Henri Pinoy. According to the famous net worth, his net worth is around $7 billion. He made a lot of money as the CEO of Kering. He made some of his wealth from other business ventures.
Who owns Gucci now is an interesting topic for fans of the brand. However, it should be noted that this high-end jewelry brand is currently owned by the French luxury company Kering, also known as Pinault.
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Gucci is a well-known name in the world of fine leather goods, fashion, watches and jewelry. The dynamism, creativity, artistic aesthetics and details of its products indicate the level of performance.
Therefore, designers see a beauty brand as an example of quality, and consumers want to showcase these products.
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However, there were also public family conflicts in the theater, none of which happened in its history.
This movie was released on November 24, 2021. The film tells the story of the murder of the former head of the brand, Maurizio Gucci, at the behest of his wife, Patrizia Reggiani. Adam Driver played Maurizio, while singer-songwriter-producer Lady Gaga played the role of Patrizia.
Around the film, the attention of Oscar hopefuls returned to the story of Gucci, whose stories inspired, inspired and shocked. . In April of this year, Patrizia Gucci, Maurizio’s second cousin, told The Associated Press that “producers are stealing the family’s identity to make money.”
Like other famous names, the history of Gucci begins with the vision of its creator – Guccio Gucci.
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Gucci was born in 1881 in Florence, Italy to a family of leather workers. In 1897, he started working as a porter at the Savoy Hotel in London. At the Savoy, he was interested in the elegant bags and purses carried by the hotel’s elite guests. This prompted Guccio to return to his hometown in 1902 and work for the tanner Franci. He studied art, perfected his skills as an artist.
In 1921, Guccio left Franzi to find his own name and opened another Gucci store in Florence on Via della Vigna Nova and Via del Perrone.
In the early years of the company, Guccio sold leather goods to the wealthiest people in Italy. While making luggage is part of his brand, he also makes saddles in some of the finest Italian leathers. In fact, many of Gucci’s new designs are inspired by the real beauty products he creates.
As its popularity grew, the English upper class began to recognize the Gucci brand. Among the many things Gucci has added to its portfolio are silks, leather shoes and handbags.
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In 1935, the League of Nations, the predecessor of the United Nations
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