Maurizio Gucci was blamed for spending extravagant amounts of money on the company's headquarters in Florence (Via delle Caldaie palazzo) and in Milan. Investcorp bought the remaining 50% of
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.
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.
Gucci is owned by the French holding Kering, which completed its buyout of Gucci in an $8.8 billion deal in 2004. 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.
Nemir Amin Kirdar (28 October 1936 – 8 June 2020) was an Iraqi banker, billionaire, businessman, financier and author.
The artwork of the Gucci Galleria was liquidated. In 1988, Maurizio Gucci sold almost 47.8% of Gucci to the Bahrain-based investment fund Investcorp (owner of Tiffany since 1984), and withheld the other 50%.
However, by 1993, Maurizio's excessive spending and the company's outstanding debts forced him to sell his 50% percent stake to the business' investors, ending the Gucci family's ownership and control of the brand.
According to Meaww, Alessandra and Allegra Gucci are worth $400 million after the death of their father, who was worth around the same amount when he died. The daughters were given control of their father's estate after their mother was found guilty of his murder in 1997.
His divorce from Patrizia was finalized in 1994; he was shot outside of his office the following year. While it all ended in tears for the family, the house of Gucci, which is now owned by Kering, has never been stronger.
“Oscar-nominated actor, director, and producer Elliot Page stars alongside A$AP Rocky and Julia Garner in the new Gucci Guilty campaign.
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.
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.
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.
In Aldo's last years, he was involved in a tax scandal and his sons, together with his nephew Maurizio, squeezed control of Gucci away from him. Aldo, in turn, made Patricia his sole heir. The Gucci family business was fully sold in 1993 by Patricia's cousin Maurizio Gucci.
While they were still together, Maurizio had a yearslong affair with a woman named Sheree McLaughlin, which, in part, prompted to him leave Reggiani. Allegedly, Maurizio packed his bags, told Reggiani he was going on a business trip, and never returned.
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.
Women's Roles in Gucci
In reality, Guccio Gucci had five sons and one daughter named Grimalda. Grimalda spent years working for Gucci; however, upon her father's death all of her brothers were given a share of the Gucci inheritance, and she was left out.
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.
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.
She's married and lives in Switzerland
Alessandra and Allegra both live in Switzerland along with their partners and children. The pair inherited homes in New York, Saint Moritz and Milan, according to Style Caster.
Born in 1981, Allegra Gucci is the daughter of Maurizio Gucci, the late head of the iconic Italian fashion house Gucci, and his ex-wife Patrizia Reggiani. As an heiress to the Gucci fortune, Allegra inherited half of her father's $400 million estate, which she shares with her sister Alessandra.
Patrizia Reggiani (Italian: [paˈtrittsja redˈdʒaːni]; née Martinelli; born 2 December 1948) is an Italian convicted criminal and former socialite. She was convicted in a highly publicized trial of hiring a hitman to kill her ex-husband, Maurizio Gucci.
In January 1986, Aldo Gucci was sentenced to one year and one day in prison for tax evasion, evading $7 million in New York.
LVMH (LVMH.PA), the world's biggest luxury group and Europe's most valuable company, bought Tiffany in 2021 for $16 billion after an acrimonious legal battle.