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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.
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 ...
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]
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.
The company was founded in a garage, and within two years, it produced its first hit: the Uke-a-Doodle, a kid-sized instrument. Barbie, perhaps Mattel's most iconic toy line, didn't join the party ...
Revenue for Gucci, which accounts for half of Kering's annual sales, could drop 20% year-over-year in the first quarter, Kering warned.
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]
Kering has been furiously trying to regain its mojo after watching its shares plunge by 60% in the past five years while it tries to revive its flagship brand, Gucci. The French luxury giant ...