Who Owns Gucci
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Italian fashion house Gucci is one of the top luxury brands in the world. Established in 1921, the iconic global brand is renowned for its stylish and versitile fashion designs and accessories. But who owns this unparalleled fashion leader?
The parent company of Gucci is Kering Luxury Group, a French firm specialising in global luxury companies. Kering was created in 1963 as Pinault Printemps Redoute, or PPR, and originally owned a variously portfolio of retail talent and brands.
In 2005, PPR merged with luxury giant Pinault SA, and became Kering, the parent company of the Gucci brand. As of 2020, François-Henri Pinault and his family are the majority shareholders of the French Kering Group and own a majority stake of the iconic Gucci.
François-Henri Pinault is the CEO and chairman of Kering and is considered one of the wealthiest people in France. Companies and brands under the Kering Group umbrella include Gucci, Saint Laurent, Alexander McQueen, Balenciaga, and Bottega Veneta.
Kering is a world leader in luxury and lifestyle brands, and this is largely thanks to their ownership of Gucci. The brand has a luxury presence in over 50 countries with over 500 stores, and is estimated to be worth more than $15 billion. Gucci’s incredible success has made a big impact on the success of Kering Group and its shareholders.
Under the leadership of François-Henri Pinault, Kering has achieved impressive long-term growth and value. With Pinault and his family as the majority shareholders of this powerhouse luxury group, they have made sure that Gucci is here to stay as one of the world’s most renowned fashion houses.