Gucci Ownership Structure
Posted: Sun Jan 26, 2025 7:21 am
The appointment of Tom Ford as creative director played a major role in the rebirth of the ailing brand, which began in the mid-1990s in retail sales. This remarkable turnaround saw sales increase from $90 million in 206 to an impressive $624 million in 1995. Since then, there have been numerous ownership changes, culminating in the Kering Group (formerly known as Pinault-Printemps-Redoute), led by CEO and chairman François-Henri Pinault, having purchased 42% of the company in 1999. Kering would later acquire 67.6% of Gucci in 2003 and then 99.4% in 2004 .
Under Kering’s ownership, the company’s fortunes have blossomed, with annual revenues australia whatsapp number data now estimated at over €10.5 billion (in 2022) , largely thanks to its wide range of designer clothing lines for men and women, including everything from sweaters to sunglasses to ready-to-wear collections that are showcased on catwalks around the world each season. Its accessories division also remains strong, producing everything from vintage luggage to classic loafers, all proudly sporting the iconic interlocking ‘G’.
The Kering Group now includes several luxury brands, such as Bottega Veneta, Balenciaga and Saint Laurent, along with Gucci, which had 528,2022 stores worldwide as of December 2022.
Gucci's ownership structure began to change after the death of founder Guccio Gucci in 1953, when three of his five sons acquired shares in the company: Aldo, Rodolfo and Vasco. However, when Vasco died in 1974 and Rodolfo died in 1983, only their surviving brother Aldo and Rodolfo's son Maurizio remained as shareholders.
Under Kering’s ownership, the company’s fortunes have blossomed, with annual revenues australia whatsapp number data now estimated at over €10.5 billion (in 2022) , largely thanks to its wide range of designer clothing lines for men and women, including everything from sweaters to sunglasses to ready-to-wear collections that are showcased on catwalks around the world each season. Its accessories division also remains strong, producing everything from vintage luggage to classic loafers, all proudly sporting the iconic interlocking ‘G’.
The Kering Group now includes several luxury brands, such as Bottega Veneta, Balenciaga and Saint Laurent, along with Gucci, which had 528,2022 stores worldwide as of December 2022.
Gucci's ownership structure began to change after the death of founder Guccio Gucci in 1953, when three of his five sons acquired shares in the company: Aldo, Rodolfo and Vasco. However, when Vasco died in 1974 and Rodolfo died in 1983, only their surviving brother Aldo and Rodolfo's son Maurizio remained as shareholders.