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McLaughlin Loud was 26 (b. 1958) at the time of their first meeting; and Gucci, 35 years old. The two met in the Sardinian town of Porto Cervo during the 12-Metre Class World Championship for the upcoming 1987 America's Cup after McLaughlin Loud had joined Maurizio's sailing crew for the event, coaching and teaching Gucci's other crew members.
In 1989, a year before his death, Aldo sold his Gucci shares to Investcorp. [8] That same year, Maurizio was made chairman of the Gucci group following a nearly six-year legal battle for control over Gucci. [13] [11] Maurizio did not have a background in business, and the business was in a dire economic and creative strait by 1993. [11]
Guccio Gucci was born in Florence, Tuscany on 26 March 1881. [1] He was the son of Tuscan parents, Gabriello Gucci, a leather craftsman from San Miniato, and Elena Santini, from Lastra a Signa. [2] [3] As a teenager, in 1899, Guccio Gucci worked at the Savoy Hotel in London.
In Aldo's last years, he was involved in a tax scandal and his sons, together with his nephew Maurizio, squeezed control of Gucci away from him. Aldo, in turn, made Patricia his sole heir. The Gucci family business was fully sold in 1993 by Patricia's cousin Maurizio Gucci. [2] In 2018, she founded Aviteur, a luxury travel lifestyle company. [2]
He was the chief designer of Gucci in the late 1960s. In 1978, his father named him the vice-president of Gucci. [3] In 1980, Paolo secretly launched his own business using the Gucci name without telling his father, nor his uncle Rodolfo. When they found out, they were both infuriated and fired him from Gucci in September 1980.
In 2009, Italian luxury brand Gucci accused Guess of counterfeiting and trademark infringement on the Gucci logo and the interlocking G's which appear on pairs of Guess shoes. In 2012, Gucci was awarded $4.7 million in damages; originally, the Italian brand had asked for $221 million. [25]
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Ford's role at Gucci rapidly expanded; he was designing menswear within six months, and shoes soon after that. When Richard Lambertson left as design director in 1992, Ford took over his position, [22] heading the brand's ready-to-wear, fragrances, image, advertising, and store design. In 1993, when he was in charge of designing eleven product ...