With Gucci experiencing financial difficulties

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At this time, three of his five sons assumed shares in the company — Aldo, Rodolfo, and Vasco. However, when Vasco passed away in 1974 and Rodolfo died in 1983, only their surviving brother Aldo and Rodolfo’s son Maurizio remained as shareholders. In the 1980s, a protracted battle for majority ownership ensued, which eventually resulted in Maurizio taking control of the company after Rodolfo was convicted of tax evasion.

At this point, he sold approximately 48% of his stake to Bahrain-based founder email lists investment firm and Tiffany owner Investcorp in 1988, with a further sale to Investcorp occurring five years later for around $200 million. Following new leadership changes within the 1990s, Prada then took a 9.5% stake, while Bernard Arnault from luxury conglomerate LVMH took 34%. Prada would later sell their share to them, before French financier François Pinault bought 42% of Gucci through his multinational corporation Pinault Printemps Redoute.


After lengthy court battles between both companies over controlling interest, Kering emerged victorious and made an $8.8 billion deal to buy out all remaining shares in 2004, thus making them official majority owners of Gucci ever since. Does Guccio Gucci’s family still own Gucci? No, the Gucci family ceased to be involved in the company after Maurizio sold all of it to Investcorp in 1993; Kering (which owns 99% of the company) now owns and operates the business.