Following Guccio's death in 1953, shares of the business were left to his three biological sons, Vasco, Rodolfo and Aldo. Looming sibling rivalries between the brothers turned into full-on feuds that continued into the next generation, which helped lead to the downfall of the Gucci family in the fashion industry.
Maurizio was made chairman of Gucci in 1989, however he sold his remaining stocks for $170 million to Investcorp in 1993 after the company's finances were in the red from his leadership. The sale ended the Gucci family's association with Gucci.
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%.
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.
No, Patrizia Reggiani did not get any money from Gucci, as the company had already been sold to Investcorp before Reggiani's husband Maurizio Gucci was murdered. After Maurizio's death, Reggiani was arrested and charged with orchestrating the murder of her husband and she was subsequently convicted.
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.
Reggiani Received Money from Ex-Husband's Estate
As part of their divorce settlement, in 1993 Maurizio Gucci agreed to pay Reggiani an annual alimony of $860,000, half of what the socialite had expected.
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.
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.
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.
Patrizia's arrest came after an anonymous tip to police in January 1997. According to prosecutors, Patrizia—who was nicknamed the “Black Widow” in the media—had a motive to kill her husband due to the believed jealousy and resentment she had toward him at the time.
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.
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.
In the late 1980s a Bahranian investment company called Investcorp acquired 50% of Gucci. In 1994 Investcorp acquired the other 50%. In total Investcorp paid $400 million for its 100% stake.
Longtime Gucci lawyer and friend, Domenico De Sole (Jack Huston), took over as CEO, being one of the final kickers in the film as Patrizia had tried to warn Maurizio about De Sole's true intentions. Aldo had died in 1990, and Paolo died only months later in 1997.
Following Guccio's death in 1953, shares of the business were left to his three biological sons, Vasco, Rodolfo and Aldo. Looming sibling rivalries between the brothers turned into full-on feuds that continued into the next generation, which helped lead to the downfall of the Gucci family in the fashion industry.
Yes, you can buy a small part of the brand's you frequent the most.
The short answer is: yes. Although how much of it will be fictionalized remains to be seen, Maurizio Gucci and Patrizia Reggiani were both real people—and Patrizia, now in her 70s, is still alive today. But the twists and turns of their relationship are nothing short of shocking.
By the time Maurizio Gucci was gunned down in the lobby of his Milan office on March 27, 1995, the company he knew and loved was already embarking on a new journey under Domenico De Sole and Tom Ford, and priming for the sort of success that would surpass Maurizio's own big ambitions.
No, Paola Franchi did not inherit money, but she has certainly become a very successful businesswoman in her own right. Franchi is an Italian entrepreneur and fashion designer who started out as a small shop manager in the late 1950s.
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.
By the time Patrizia was an adult, she was known as a wealthy socialite in Milan. She met Maurizio at a party in 1970, where he famously compared her to Elizabeth Taylor.
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.
This statistic presents the brand value of Gucci worldwide from 2016 to 2022. In 2022, the Gucci brand was valued at approximately 18.1 billion U.S. dollars.