Gucci is owned by the French holding company
Yes, the Gucci family does still have a stake in the famous fashion luxury brand Gucci. The family was the original founders of Gucci back in 1921 in Florence, Italy and they have kept ownership and control of the company ever since.
Gucci's holding company Guccio Gucci S.p.A. is based in Florence, Italy, and is a subsidiary of the French luxury group Kering.
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.
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.
Maurizio Gucci (26 September 1948 – 27 March 1995) was an Italian businessman and the one-time head of the Gucci fashion house. He was the son of actor Rodolfo Gucci, and grandson of the company's founder Guccio Gucci.
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.
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.
Maurizio was no longer involved with Gucci at the time of his death, as he'd sold his remaining stock for $190 million in 1993 to Investcore when they decided to take Gucci in a new direction headed by Tom Ford (Reeve Carney) and to great success.
“Oscar-nominated actor, director, and producer Elliot Page stars alongside A$AP Rocky and Julia Garner in the new Gucci Guilty campaign.
In 1993, after Maurizio sold his 50 per cent 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.
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.
In 1993 Maurizio sold his shares to Investcorp, ending the Gucci family's involvement in the company. His divorce from Patrizia was finalized in 1994; he was shot outside of his office the following year.
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.
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.
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.
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.
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.
But, not long after he won the battle, Paolo sold his interest in the company for a whopping $45 million. Then, in 1993, the businessman declared bankruptcy, claiming debts of $90 million. Paolo died in 1995 at age 64 from chronic hepatitis.
In January 1986, Aldo Gucci was sentenced to one year and one day in prison for tax evasion, evading $7 million in New York.
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.
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.
As an heiress to the Gucci fortune, Allegra inherited half of her father's $400 million estate, which she shares with her sister Alessandra. Allegra currently resides in Switzerland with her husband and two children, maintaining a relatively private life away from the public eye.