How much of Gucci is owned by the family?
His father, Aldo, had given 10 per cent of his 50 per cent stake in the company to his three sons, allocating 3.3 per cent to each of them. When Paolo aligned his interest with Maurizio’s 50 per cent, he tipped the scales to begin the process that ultimately led to the family no longer owning the company.
How much did Gucci company sell for?
The sale of the manufacturer and retailer of luxury clothes and leather goods was announced simultaneously in Milan and in London, where published reports estimated the price at between $150 million and $200 million.
Is Gucci a billion dollar company?
Last month Bernard Arnault, chairman of France’s mighty lvmh luxury goods group, deftly acquired 26.7% of Gucci Group’s 59.4 million publicly traded shares for lvmh, pushing Gucci’s market value to over $4 billion.