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In 1921, he founded the House of Gucci in Florence [7] [8] as a small family-owned leather shop. [1] He began selling saddles, leather bags and other accessories to horsemen in the 1920s. [ 4 ] During the 1930s League of Nations sanctions on Italy, which led to leather shortages, he innovated by developing a specially-woven hemp fabric from Naples.
In 1986, Gucci fled to Switzerland to avoid prosecution after Aldo, seeking revenge, had accused him of forging his father's signature to avoid paying inheritance taxes. He was originally found guilty, but was later acquitted. [10] [11] In 1988, 47.8% of Gucci was sold to the Bahrain-based investment fund Investcorp. [12]
Founded: 1981; 44 years ago () Founders: ... In the same year, ... In 2012, Gucci was awarded $4.7 million in damages; originally, the Italian brand had asked for ...
The house of Gucci was founded in 1921. From there, its history—as depicted in a silly movie starring Lady Gaga and Adam Driver a few years ago—went a bit like this: The company flourished ...
Patricia Gucci (born 1 March 1963) is an Italian businesswoman and member of the Gucci family. She is the only daughter of Aldo Gucci and granddaughter of Guccio Gucci who founded the company in 1921.
“House of Gucci” goes beyond the headlines of the 1995 murder and subsequent trial. The Guccis, who have no association anymore with the global luxury brand bearing their name, have been ...
For a man whose very name had come to symbolize elegance, Maurizio Gucci's death was sadly déclassé. The 46-year-old third-generation scion of the Italian fashion dynasty was working to remake ...
However, from 2015 to 2022, the group's revenue was essentially driven by Gucci's year-on-year high performance, hitting the 10-billion dollars sales mark in 2022. [35] The group divested its interests in Stella McCartney in 2018, [36] Christopher Kane in 2019, [37] and its entire watch division (Girard-Perregaux and Ulysse Nardin) in 2022. [38]