The CEO of Gucci is highly respected throughout the fashion industry. Gucci is a high-end Italian luxury fashion house. Gucci is famous worldwide for its handbags, ready-to-wear, footwear, accessories, and home decorations. In today’s post, I will discuss everything about the CEO of Gucci’s history.
Who Is The CEO of Gucci?
The CEO of Gucci is Marco Bizzarri who is an Italian business executive. Marco is also the President of Gucci. Earlier, Marco was the President and CEO of Stella McCartney and Bottega Veneta. Later on, he joined Kering’s Executive Committee in 2012.
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About The CEO Of Gucci
Marco started his professional career as a consultant for the financial advisory firm Accenture. Later on, he joined the Bologna-based Mandarina Duck group and became CEO of that group. Marco became the general manager of the designer brand Maritheet Francois Girbaud in 2014.
After becoming the CEO of Kering’s brands, the company turned a profit for the first time in 2007. He rapidly changed the distribution of the brand in Europe. Marco worked on a less conservative buying which relieved financial stress. Along with the creative director Tomar Maier, he maintained Bottega Veneta’s edge for Italian-made leather craftsmanship. Marco even opened a flagship store in Milan and eco-friendly headquarters in Vicenza. Under his management, Bottega Veneta’s sales reached the $1 billion mark.
In 2012, Marco became a member of the Executive Committee of Kering. Later on, he became the CEO of Kering’s newly created Couture and Leather Goods division. Here, he directly supervised most of Kering’s luxury brands. Marco is a married man and likes to keep his personal life private.
In 2014, Kering made Marco the President and CEO of the brand Gucci. He teamed with Alessandro Michele (creative director of the brand) and managed to renew the brand’s popularity with geek-chic props. Marco banned the use of fur by the brand. However, Gucci even amplified its digital strategy to grow its customer base on social networks. The CEO of Gucci’s net worth is $70 million dollars as of 2022.
Marco opened the Gucci Hub in 2016, the ArtLab in 2018, and Gucci 9 in 2019. In 2018, he inaugurated the renovated Gucci Museum and renamed it Gucci Garden. He also launched a new restaurant the Gucci Osteria da Massimo Bottura. Marco announced that Gucci was carbon-neutral in its own operations and its supply chains since 2018. Later he revealed that the firm was changing its production strategy. This included partnering with REDD+ to reduce its carbon footprint and launching the CEO Carbon Neutral Challenge Initiative.
Before Marco, Domenico De Sole was the President and former CEO of Gucci 1995. He was also an Italian businessman and chairman of Tom Ford International. Domenico was even the chairman of Sotheby’s. He was president and CEO of the Gucci Group from 1994 to 2004. During his tenure, he guided the brand from near bankruptcy to profit.
Alessandra Gucci is a famous Italian businesswoman and the great-granddaughter of Gucci Gucci (founder of Gucci). She herself carved her name in the fashion industry and used to design for her premium label AG. Alessandra inherited her father Aldo Gucci’s US$400 million estate along with her sister Allegra. Aldo served as the chairman of Gucci from 1953 to 1986 and was the oldest son of Guccio Gucci.
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FAQ
Is Gucci Still Family Owned?
Gucci was founded in 1921 by Guccio Gucci (1881–1953) in Florence, Tuscany. Under the direction of Aldo Gucci (son of Guccio), Gucci became a worldwide-known brand, an icon of the Italian Dolce Vita. Following family feuds during the 1980s, the Gucci family was entirely ousted from the capital of the company by 1993.
How Did Gucci Become Rich?
A proud maker of fine leather goods, Gucci began selling high quality leather bags to wanting horsemen in the 1920s. He then expanded his productions to the luxury luggage items that first inspired his vision, creating them when his original clients graduated from horses to cars and drawn carriages.
Is The Gucci Family Rich?
What are Alessandra and Allegra Gucci’s net worths? According to Meaww, Alessandra and Allegra Gucci are worth $400 million after the death of their father, who was worth around the same amount when he died.
Does Tom Ford Own Gucci?
But Ford left Gucci soon after Pinault completed his takeover in April 2004, reportedly due to disagreements over control of the company. In March 2005, Ford struck out on his own and established his own brand, with De Sole joining as the new company’s chairman.
Where Is Patrizia Gucci Now?
The two are now married and reside in Switzerland. Surprisingly, Patrizia mentioned that her daughters cut ties with her and haven’t visited as much since she was released from prison. Alessandra and Allegra haven’t introduced their children to Patrizia and had cut off her financial support.
Conclusion
Under Marco’s tenure, Gucci’s annual sales grew from 3.9 billion euros to 9.6 billion euros from 2015 to 2019. Marco has accumulated his wealth from his successful career as a businessman, President, and CEO of Gucci.
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