|Gucci: House of Gucci - company profile on Apparel Search|
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Gucci Group is one of the world's leading multi-brand luxury companies with a portfolio of premier brands. Gucci, Bottega Veneta and Yves Saint Laurent are the Group's flagship brands. They pave the way for younger edgier desirable brands with a strong potential (Balenciaga, Alexander McQueen and Stella McCartney) and two well established specialised brands like Boucheron and Sergio Rossi.
Gucci Group's competitors in the Luxury Goods market include multi-brands and multiproducts groups, high-end luxury goods and ready-to-wear companies, along with jewellery and watch companies as well as groups whose origins are in fine leather goods and shoes manufacturing.
The House of Gucci, better known simply as Gucci, is an iconic Italian fashion and leather goods label. It was founded by Guccio Gucci(1881 – 1953) in Florence in 1921. Gucci is considered one of the most famous, prestigious, and easily recognizable fashion brands in the world. The House of Gucci is part of the Gucci Group which belongs to the French conglomerate company Pinault-Printemps-Redoute (PPR).
Gucci remained one of the premier luxury goods establishments in the world until the late 1970s, when a series of disastrous business decisions and family quarrels brought the company to the verge of bankruptcy.
A turnaround of the company devised in the late 1980s made Gucci one of the world's most influential fashion houses and a highly profitable business operation.
Gucci generated circa US$8.2 billion worldwide of revenue in 2008 according to BusinessWeek magazine and climbed to 45th position in the magazine's annual "Top 100 Brands" chart created by Interbrand. Gucci is also the biggest-selling Italian brand in the world. Gucci operates about 425 stores worldwide and it wholesales its products through franchisees and upscale department stores.
Gucci world offices and headquarters are in Florence, Paris, London, and New York. PPR headquarters are in Paris.
Visit the official Gucci website.
Visit the Apparel Search Designer Handbag Guide.
You may also wish to view the Coach Profile page.
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