A Brief History of Gucci
1869 Guccio Gucci was born in Florence
1906 Guccio Gucci started a small saddler shop in Florence
1920 Guccio Gucci opened the first Gucci watch shop in Florence
1921 The First Gucci boutique was opened in Florence. Gucci Label was officially founded
1923 The first Gucci boutique in Rome was opened. Gucci started to expand outside Florence
1947 Gucci launched the first handbags collection featuring the bamboo handle and red striped webbing
1953 The first Gucci flagship store in New York was opened on Fifth Avenue
Guccio Gucci Died
1960 The iconic GG logo was created with the combination of Guccio Gucci’s initials
1965 Gucci opened another store at 699 Fifth Avenue
1966 Gucci presented the Flora silk scarf which is favored by Grace Kelly
1967 Gucci presented Jackie O shoulder bag, made well-known by Jackie Kennedy
1968 Gucci opened stores in Hong Kong and Tokyo, starting expansion on Far East.
1979 Aldo Gucci developed the Gucci Accessories Collection and saved company from the danger of bankruptcy
1983 Rodolfo Gucci died which caused a huge shakeup on the company
Paolo Gucci proposed a cheaper version of the brand called ‘Gucci Plus’
1984 Domenico De Sole joined Gucci America Inc.
1989 Investcorp acquired 50 percent of Gucci while Maurizio Gucci retains the other half and runs the company
Dawn Mello, the former president of Bergdorf Goodman, moves to Milan as creative director
1990 Aldo Gucci died
1990 Tom Ford moved to Milan from New York to join Gucci as the company’s women’s wear designer.
1993 Maurizio Gucci sold his shares to Investcorp and leaves the company for good.
1994 Tom Ford was appointed as creative director
De Sole was appointed as chief operating officer
1995 Gucci went public had its first initial public offering on the AMEX and NYSE
Madonna dressed head-to-toe Gucci at the MTV Video Music Awards.
De Sole became chairman of the board and chief executive officer of Gucci Group N.V.
1996 Tom Ford won the CFDA Award for international designer of the year
1997 Gucci acquired a watch licensee, Severin-Montres, and renamed it Gucci Timepieces
1999 Gucci made alliance with to fashion conglomerate Pinault-Printemps-Redoute to fight against an acquisition by fashion conglomerate LVMH
Gucci acquired Yves Saint Laurent and Sanofi Beautè and a controlling stake in Sergio Rossi.
Tom Ford became creative director of Yves Saint Laurent ready-to-wear
2000 Gucci acquired 51 percent of Alexander McQueen and Bedat & Co
Gucci acquires luxury watch producer Boucheron
2001 Gucci acquired a majority stake in Bottega Veneta, 50 percent of Stella McCartney and all of Balenciaga.
Gucci ended three-year litigation with LVMH. Pinault-Printemps-Redoute sold all shares on Gucci as agreement. Gucci share price reduced to $85.52 per share
2003 Gucci announced it wouldn’t renew the contracts of Tom Ford and De sole
2004 Alessandra Facchinetti, Frida Giannini and John Ray were appointed as creative director of Gucci