• Founded: in Florence, Italy, as saddlery shop by Guccio Gucci (1881-1953), 1906, after family millinery business failed.
• Company History: Became retailer of accessories, 1923; Gucci shops opened in Florence, 1923; boutiques open in Rome, 1938; firm renamed Societá Anonima Guccio Gucci, 1939; stores opened in Milan, 1951; renamed Guccio Gucci Srl, 1945; New York boutique opened, 1953; opened in Paris, 1963; shop opened in Hong Kong and Gucci Parfums formed, 1975 (renamed Gucci Parfums SpA, 1982); company renamed Guccio Gucci SpA, 1982; appointed Dawn Mello creative director, 1989; Tom Ford joined company, 1990; acquired by Investcorp, 1993; Mello departed and Ford named creative director, 1994; deaths of Mauritzio and Paolo Gucci, 1995; listed on the NYSE, 1995; rival Prada bought stake, 1998; sold stake to LVMH, 1999; Pinault Printemps Redoute acquired major stake and fought off LVMH, 1999; Alexander McQueen defected from LVMH to Gucci, 2000; hired Stella McCartney to create her own line, 2000; designer Nicolas Ghesquiére came to firm with acquisition of Balenciaga, 2001.

(more…)