From 1991 to 1993, Gucci's finances were in the red. Maurizio Gucci was blamed for spending extravagantly on the company's headquarters in Florence and Milan. He went on to sell his remaining company stock in 1993 for $170 million to Investcorp, ending the Gucci family's association with the company.
Investcorp acquires nearly a 50% stake in Gucci, the rest of the shares are held by Aldo's son Roberto (about 2%) and Maurizio (about 48%).
Corporate structure. Gucci's holding company Guccio Gucci S.p.A. is based in Florence, Italy, and is a subsidiary of the French luxury group Kering.
In 1986, Aldo was sentenced to one year and one day in prison for tax evasion. In 1987, Paolo sold all his shares in Gucci to Investcorp for $42.5 million. Due to spending extravagant amounts of money and bad business decisions, he filed for bankruptcy in 1993.
In the late 1980s a Bahranian investment company called Investcorp acquired 50% of Gucci. In 1994 Investcorp acquired the other 50%. In total Investcorp paid $400 million for its 100% stake.
In 1993, after Maurizio sold his 50% interest in Gucci to the same investment firm he had brought in to buy up his relatives' shares, there would no longer be anyone from the Gucci family involved in running Gucci. He was murdered on the steps of his office building in Milan on March 27, 1995.
Maurizio was made chairman of Gucci in 1989, however he sold his remaining stocks for $170 million to Investcorp in 1993 after the company's finances were in the red from his leadership. The sale ended the Gucci family's association with Gucci.
Gucci is owned by the French holding company Kering, which purchased an $8.8 billion stake in the iconic Italian fashion brand in 2004. Artémis, the investment firm of the Pinault family led by François Pinault, is Kering's leading shareholder and holds a majority share in the company through its parent organization.
According to Meaww, Alessandra and Allegra Gucci are worth $400 million after the death of their father, who was worth around the same amount when he died. The daughters were given control of their father's estate after their mother was found guilty of his murder in 1997.
Yes, the Gucci family does still have a stake in the famous fashion luxury brand Gucci. The family was the original founders of Gucci back in 1921 in Florence, Italy and they have kept ownership and control of the company ever since.
The daughters were given control of their father's estate after their mother was found guilty of his murder in 1997. Allegra and Alessandra also inherited their father's yachts, “Creole” and “Avel,” as well as homes in New York, Saint Moritz and Milan.
Patrizia's arrest came after an anonymous tip to police in January 1997. According to prosecutors, Patrizia—who was nicknamed the “Black Widow” in the media—had a motive to kill her husband due to the believed jealousy and resentment she had toward him at the time.
Artémis is the investment company of the Pinault family. Founded in 1992 by François Pinault, Artémis is the leading shareholder in Kering, which owns Gucci. The Kering Group generated over €20 billion in revenue in 2022, and Gucci was the leading brand, with revenue of €10.5 billion.
The company is presently owned by French businessman François-Henri Pinault. He has been the CEO of the French luxury group Kering, formerly known as Pinault, since 2005. Kering bought Gucci from Investcorp in 1999.
Although the Gucci family does not own the label that features their namesake, Maurizio's ex-wife Patrizia Reggiani still earns a million dollars a year from the company. Reggiani's annual million dollar earnings stem from an agreement with the Gucci empire in 1993.
The short answer is, allegedly, no. Though the sisters were extremely close to their mother throughout childhood, over the years, their relationship has taken a turn for the worse. In a 2016 interview, Reggiani revealed that her daughters cut ties with her entirely.
Maurizio Gucci (26 September 1948 – 27 March 1995) was an Italian businessman and the one-time head of the Gucci fashion house. He was the son of actor Rodolfo Gucci, and grandson of the company's founder Guccio Gucci.
The family was deeply divided over how to run the business, with different factions jockeying for power and control. The feud reached a boiling point in 1989 when Maurizio Gucci, the grandson of the company's founder, took over as CEO and launched a hostile takeover bid against his own family members.
At one point, Ford was the largest individual shareholder of Gucci stock and options. By 1999, the house, which had been almost insolvent when Ford joined, was valued at more than $4 billion. When Gucci acquired the house of Yves Saint Laurent (YSL) in 1999, Ford was named Creative Director of that label as well.
Franois Pinault is the founder and owner of Kering luxury group, which oversees several iconic fashion houses, including Gucci and Alexander McQueen.
“Oscar-nominated actor, director, and producer Elliot Page stars alongside A$AP Rocky and Julia Garner in the new Gucci Guilty campaign.
No, Paola Franchi did not inherit money, but she has certainly become a very successful businesswoman in her own right. Franchi is an Italian entrepreneur and fashion designer who started out as a small shop manager in the late 1950s.
Yes. After Maurizio Gucci started dating Paola Franchi (portrayed by Camille Cottin in the movie), an artist and interior designer, Patrizia became jealous of the younger woman and tensions between Maurizio and his ex-wife escalated. Paola said that Patrizia threatened Maurizio and stalked them.
The short answer is: yes. Although how much of it will be fictionalized remains to be seen, Maurizio Gucci and Patrizia Reggiani were both real people—and Patrizia, now in her 70s, is still alive today. But the twists and turns of their relationship are nothing short of shocking.