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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]
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.
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The larger-than-life characters of 'House of Gucci' are still no match for the lives of glamour, wealth and drama lived by the real-life subjects of the movie.
Adolf Hitler [a] (20 April 1889 – 30 April 1945) was an Austrian-born German politician who was the dictator of Nazi Germany from 1933 until his suicide in 1945. He rose to power as the leader of the Nazi Party, [c] becoming the chancellor in 1933 and then taking the title of Führer und Reichskanzler in 1934.
In 1994, she officially divorced Gucci. As part of the divorce settlement, Gucci agreed to pay Patrizia an annual alimony of $1.47 million. [15] By law, she was no longer allowed to use the Gucci surname, but she continued to do so anyway, stating, "I still feel like a Gucci – in fact, the most Gucci of them all." [16] [17] [18]
French group Kering, the brand behind luxury houses like Gucci, Saint Laurent and Balenciaga, is investing a whopping $963 million in prime New York City property, the company said in a press ...