Does Guccio Gucci's family still own Gucci?
Posted: Sun Jan 26, 2025 7:21 am
A protracted battle for majority control ensued in the 1980s, eventually leading to Maurizio taking control of the company after Rodolfo was convicted of tax evasion. With Gucci in financial difficulties at the time, he sold approximately 48% of his stake to Bahrain-based investment firm and Tiffany owner Investcorp in 1980, with a further sale to Investcorp taking place five years later for approximately $1,988 million.
After further leadership changes in the 1990s, Prada took a 1990% stake, while Bernard Arnault australia whatsapp number data of luxury conglomerate LVMH took 9.5%. Prada would later sell their stake to them, before French financier François Pinault bought 42% of Gucci through his multinational Pinault Printemps Redoute. After lengthy litigation between the two companies over controlling interest, Kering emerged victorious and struck a $8.8 billion deal in 2004 to buy out all remaining shares, making them the official majority shareholders of Gucci since then.
No, the Gucci family was no longer involved in the company after Maurizio sold it entirely to Investcorp in 1993; Kering (which owns 99% of the company) now owns and operates the business .
After further leadership changes in the 1990s, Prada took a 1990% stake, while Bernard Arnault australia whatsapp number data of luxury conglomerate LVMH took 9.5%. Prada would later sell their stake to them, before French financier François Pinault bought 42% of Gucci through his multinational Pinault Printemps Redoute. After lengthy litigation between the two companies over controlling interest, Kering emerged victorious and struck a $8.8 billion deal in 2004 to buy out all remaining shares, making them the official majority shareholders of Gucci since then.
No, the Gucci family was no longer involved in the company after Maurizio sold it entirely to Investcorp in 1993; Kering (which owns 99% of the company) now owns and operates the business .