FASHION house Gucci is one of the most popular luxury labels in the world.
With the release of the film House of Gucci on November 24, 2021, sleuths are curious to know who exactly owns the famous fashion brand.
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Who founded the Gucci fashion company?
The Gucci fashion house was founded in 1921 in Florence, Italy by Guccio Gucci.
The Gucci fashion brand was initially the one shop in Florence that sold leather goods, handbags, gloves, wallets, and other accessories.
Guccio Gucci passed away on January 2 in 1953.
Following his passing, Gucci divided the shares of his company to three of his five sons, Aldo, Rodolfo, and Vasco.
Does Guccio Gucci's family still own Gucci?
Aldo, Rodolfo, and Vasco opened stores in New York, London, and Paris, France all throughout the 1950s and 1960s.
Vasco passed away in 1974, Rodolfo passed away in 1983. Rodolfo's son, Maurizio Gucci, inherited Rodolfo's share.
Maurizio became the majority share holder of Gucci, which deepened a family feud with his uncle Aldo Gucci, who owned the other half of the fashion company.
During most of the 1980s, Aldo and Maurizio were in a legal battle of who would become Chairperson of Gucci. The position went to Maurizio, who assumed control.
Who owns the Gucci fashion brand?
In 1993, Maurizio sold the fashion label to InvestCorp. This is the sale that ended the Gucci family's complete ownership of Gucci.
Following Maurizio Gucci's sale to InvestCorp, he was gunned down by an assassin for hire in 1995.
His ex-wife, Patrizia Reggiani, was convicted of organizing the successful attempt on Maurizio's life.
As of 1999, luxury goods corporation Kering owns Gucci, with no involvement from the founding Gucci family.
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Does Ridley Scott's House of Gucci feature the family's history?
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.
Ridley Scott's 2021 film, House of Gucci, chronicles the family feud that ultimately led to Guccio's grandson's death, Patrizia's sentencing, and the change of Gucci's ownership.
The crime drama stars Lady Gaga, Salma Hayek, Adam Driver, Jared Leto, Al Pacino, and more.
House of Gucci will be released to theaters on November 24, 2021 and will be available for streaming on Paramount Plus at a later date.
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