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Since December 2014, Marco Bizzarri has served as Gucci’s CEO, and Alessandro Michele has served as creative director. Gucci employed 17,157 people across 487 locations in 2019 and made €9.628 billion in revenue (up from €8.2 billion in 2018). Gucci rose to fame as a legendary “geek-chic” brand in the 2010s. The French company Pinault Printemps Redoute, which later changed its name to Kering, bought Gucci in 1999. Family disputes in the 1980s led to the complete expulsion of the Gucci family from the company’s capital by 1993.įollowing this setback, the company was resurrected with obscene “Chic” accessories. Under the leadership of Aldo Gucci (Guccio’s son), Gucci rose to become a household name and a symbol of the Italian Dolce Vita. Guccio Gucci established Gucci in Florence, Tuscany, in 1921. Handbags, ready-to-wear, footwear, accessories, cosmetics, colognes, and home décor are among its product categories. Gucci is a high-end, luxurious fashion house with its headquarters in Florence.
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In 2010, Gucci expanded its assortment of apparel for men and women as well as leather products to include a children’s brand. It now belongs to the French billionaire Francois Pinault-controlled fashion behemoth Kering. Gucci was established in 1921 when Guccio Gucci began a small luggage shop and leather products business in his hometown of Florence. This figure shows the Gucci brand’s worth globally from 2016 through 2022. This was an increase of about $2,5 billion over the previous year. The Gucci brand was estimated to be worth $18.1 billion in 2022. This was an increase of about $2.5 billion over the previous year.
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Net Worth of Gucci: The Gucci brand was estimated to be worth $18.1 billion in 2022.