| The House of Gucci, better known simply as Gucci (Italian pronunciation:
[ˈɡuttʃi]), is an Italian fashion and leather goods label, part
of the Gucci Group, which is owned by French company PPR. Gucci
was founded by Guccio Gucci in Florence in 1921.
During the early 1950s Gucci became a world-wide name for quality
leather goods. He was making luggage, shoes, ties and handbags
which were accompanied by a significant price but known to be
very high in quality. With the design of the handbag came fame
that Guccio Gucci could have only dreamed of in 1906. Everyone
around the world began to see famous starlets such as Audrey Hepburn
and Princess Grace Kelly carrying a Gucci
handbag. Then, in 1953 Guccio
Gucci suddenly died and many wondered if his legacy of high
quality would carry on. The worry was laid to rest as his surviving
family not only continued the high quality products but expanded
the company to a global reach. Of Guccio Gucci's six children,
four were sons who played significant roles in the Gucci company.
When Guccio Guccie died, they established boutiques in New York,
London and Paris. The House of Gucci first gained prominence in
the 1960s. Many rich and famous purchased, used, wore and touted
the Gucci leather goods and the company become more famous than
ever.
Gucci
generated circa € 4.2 billion in revenue worldwide in 2008 according
to BusinessWeek magazine and climbed to 41st position in the magazine's
annual 2009 "Top Global 100 Brands" chart created by
Interbrand. Gucci is also the biggest-selling Italian brand. Gucci
operates about 278 directly operated stores worldwide (as of September
2009) and it wholesales its products through franchisees and upscale
department stores.
From modest beginnings at the end of the 19th century, Gucci
became one of the world’s most successful manufacturers of high-end
leather goods, clothing and accessories. As an immigrant in Paris
and then London, working in exclusive hotels, young Guccio Gucci
(1881–1953) was impressed with the luxurious luggage he saw sophisticated
guests bring with them. Today, signatures including the interlocking
GG monogram, Jackie hobo, horsebit motif and bamboo accents are
recognized worldwide. |