Gucci
Gucci NYC Flagship store | |
| Gucci | |
| Company type | Subsidiary |
| Industry | Fashion |
| Founded | 1921 in Florence, Tuscany, Italy |
| Founder | Guccio Gucci |
| Headquarters | Via Tornabuoni 73/R, 50123 Florence, Tuscany, Italy |
Number of locations | 529 (2024) |
Key people | Stefano Cantino (CEO)[1][2] Demna (creative director) |
| Revenue | €7.65 billion (2024) |
Number of employees | 20,032 (2024) |
| Parent | Kering |
| Website | gucci.com |
Guccio Gucci S.p.A.,[3][4] doing business as Gucci (/ˈɡuːtʃi/ ⓘ GOO-chee, Italian: [ˈɡuttʃi]), is an Italian luxury fashion house based in Florence.[5][6][7] 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.[8]
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 2024, Gucci operated 529 stores with 20,032 employees, and generated €7.65 billion in sales.[9] Stefano Cantino has been CEO of Gucci since October 2024[10] and Demna creative director since March 2025.[11]
- ^ Forden, Sara (3 January 2025). "Can Gucci Find Its Cool Again? The luxury brand's incoming CEO will have to reverse a sales slump, but Gucci's history shows the company is no stranger to dramatic turnarounds". Bloomberg.
- ^ Gucci taps Stefano Cantino as CEO Vogue Business
- ^ "Guccio Gucci S.p.A." Italian Business Register. Retrieved 22 August 2023.
- ^ "Corporate Information | Gucci Official Site United States". Gucci. Retrieved 22 August 2023.
- ^ "A new name for a new identity". Kering Group. Archived from the original on 24 April 2013. Retrieved 1 July 2013.
- ^ 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.
- ^ "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.
- ^ 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.
- ^ "2024 Annual Results". GlobeNewswire. 11 February 2025. Retrieved 17 March 2025.
- ^ Guilbault, Laure (8 October 2024). "Gucci names Stefano Cantino as CEO". Vogue Business. Retrieved 22 October 2024.
- ^ Ellison, Jo (13 March 2025). "Kering-owned Gucci turns to Demna in latest bid to revive fortunes". Financial Times. Retrieved 13 March 2025.