Gucci

For other uses, see Gucci (disambiguation).

Guccio Gucci S.p.A.
Gucci
Company typeSubsidiary (S.p.A.)
IndustryFashion
Founded1921; 103 years ago (1921) in Florence, Tuscany, Italy
FounderGuccio Gucci
Headquarters
Via Tornabuoni 73/R
50123 Florence
Italy
43°46′17″N 11°15′04″E / 43.77139°N 11.25111°E / 43.77139; 11.25111
Number of locations
528 (2022)
Key people
Revenue€9.9 billion (2023)
Number of employees
20,711 (2022)
ParentKering
Websitewww.gucci.com Edit this at Wikidata

Guccio Gucci S.p.A.,[1][2] doing business as Gucci (/ˈɡuːtʃi/ ⓘ GOO-chee, Italian: [ˈɡuttʃi]), is an Italian luxury fashion house based in Florence, Italy.[3][4][5] Its product lines include handbags, ready-to-wear, footwear, accessories, and home decoration; and it licenses its name and branding to Coty for fragrance and cosmetics under the name Gucci Beauty.[6]

Gucci was founded in 1921 by Guccio Gucci (1881–1953) in Florence, Tuscany. Under the direction of Aldo Gucci (son of Guccio), Gucci became a worldwide-known brand, an icon of the Italian dolce vita period. Following family feuds during the 1980s, the Gucci family was entirely ousted from the capital of the company by 1993. After this crisis, the brand was revived and in 1999 Gucci became a subsidiary of the French conglomerate PPR, which later renamed itself to Kering.

In 2023, Gucci operated 538 stores with 20,711 employees, and generated €9.9 billion in sales.[7] Stefano Cantino has been CEO of Gucci since October 2024,[8] and Sabato De Sarno creative director since January 2023.[9][10]

  1. ^ "Guccio Gucci S.p.A." Italian Business Register. Retrieved 22 August 2023.
  2. ^ "Corporate Information | Gucci Official Site United States". Gucci. Retrieved 22 August 2023.
  3. ^ Kering, Group. "A new name for a new identity". Kering. Archived from the original on 24 April 2013. Retrieved 1 July 2013. {{cite web}}: |first= has generic name (help)
  4. ^ Vikram Alexei, Kansara (3 April 2013). "Why Did PPR Change Its Name to Kering?". The Business of Fashion. Archived from the original on 19 July 2013. Retrieved 1 July 2013.
  5. ^ "Alexander McQueen and Gucci Group appoint Sarah Burton as Creative Director" (PDF). Gucci Group. Archived from the original (PDF) on 5 February 2011. Retrieved 20 March 2011.
  6. ^ Morosini, Daniela (6 May 2022). "Turning around Coty: Why existing brands, not M&A, is the ambition". Vogue Business. Archived from the original on 7 January 2023. Retrieved 3 September 2022.
  7. ^ "Gucci owner Kering profits slump in 'trying year'". France 24. 8 February 2024. Retrieved 30 March 2024.
  8. ^ Guilbault, Laure (8 October 2024). "Gucci names Stefano Cantino as CEO". Vogue Business. Retrieved 22 October 2024.
  9. ^ Aloisi, Silvia; Spencer, Mimosa (28 January 2023). "Gucci names De Sarno as creative director with task of reviving brand". Reuters. Retrieved 2 April 2023.
  10. ^ "Gucci dévoile sa première collection masculine signée Sabato De Sarno". Fashion United. Retrieved 29 February 2024.