Who owns gucci group

He built a thriving business of his own in the process. Two years later, in , the group was renamed again to Pinault-Printemps-Redoute, following the merger of La Redoute — a French multi-line retailer specializing in ready to wear apparel — within the group.

Its reign as a luxury powerhouse would begin largely with a single purchase: a Florentine leather goods company named Gucci. Please note: the following is in no way exhaustive of the acquisitions and entities that exist in relation to Kering or what was formerly called PPR or Pinault-Printemps-Redoute , and instead, focuses exclusively on fashion and a few beauty and jewelry-related entities.

Later in , Kering raised its stake in the Gucci Group to It was revealed in March that McCartney would buy out the 50 percent stake held by Kering in order to create a fully independent brand. In January , Kering announced plans to spin off the German sports brand to its shareholders to focus squarely on its luxury brands.

In , Maurizio Gucci teamed with Bahrain-based investment banking and asset management company Investcorp, which purchased 50 percent of Gucci shares from the family — Aldo was the last to accept to sell.

In Ford was appointed creative director. His first collection, for fall , focused on jet-set glamour and was a critical and commercial success, putting the label back at the forefront of fashion. De Sole and Ford had cried foul, igniting what was one of the most dramatic corporate fashion battles of the 20th century.

That move would have been perfectly legal in the Netherlands, where Gucci was listed. The two companies fought bitterly in the Dutch courts — and in the international press — and swapped lawsuits and vitriol on an almost daily basis.

Ultimately, PPR won full control over Gucci. Tensions built between the new management and Ford and De Sole, who eventually left the company in after trying — and failing — to strike a deal for management, financial and creative independence. During the celebration for the 70th anniversary of its Roman store, the cruise collection show was live-streamed on the website.

In , the Singapore Paragon Gucci store reopened, and the city-state celebrated Giannini with a special orchid, the Paravanda Frida. Giannini proposed clothes with a functional chic and a hefty dose of the essential house glamour.

In December , following a slowdown in sales, di Marco exited the company, followed a month later by Giannini. Logo bags came hand-painted with flowers or embroidered with big insects — a theme dear to Michele, who continued to explore it over the seasons.

Reggiani, who was due to spend 26 years in jail, was freed after 17 years. French luxury conglomerate Kering Group has kicked off a global agency review, Campaign US has learned. The account is currently with Publicis media shop Zenith, which is expected to defend. Luxury goods took a hit during the pandemic, but have already begun to rebound. Sales of luxury goods shrank by roughly one fifth during the first half of , but are now projecting a full return to levels in If Zenith retains the business, it will add to recent wins including Hulu in the U.

Igarashi will take on the role of president and CEO effective January 1, Tim Andree to become non-executive chairman. Getty Images.