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Gucci Sunglasses |
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Gucci, or the House of Gucci, is an Italian fashion and leather goods label. It was founded by Guccio Gucci (1881-1953) in Florence in 1921. History of the Gucci house Guccio and his wife Aida Calvelli had a large family, six children in all, though only his sons - Vasco, Aldo, Ugo, and Rodolfo - would play a role in leading the company. After Guccio’s death in 1953, Aldo helped lead the company to a position of international prominence, opening the company’s first boutiques in London, Paris and New York. Even in Gucci’s fledgling years, the family was notorious for its ferocious infighting. Disputes regarding inheritances, stock holdings, and day-to-day operations of the stores often divided the family and led to alliances. As Gucci expanded overseas, board meetings about the company’s future often ended with tempers flaring and luggage and purses flying. Gucci targeted the Far East for further expansion in the late 1960s, opening stores in Hong Kong and Tokyo. At that time, the company also developed its famous GG logo (Guccio Gucci’s initials), the Flora silk scarf (worn prominently by Hollywood actress Grace Kelly), and the Jackie O shoulder bag, made famous by Jackie Kennedy, the wife of U.S. President John F. Kennedy. Gucci’s London boutique.Gucci
remained one of the premier luxury goods establishments in the world
until the late 1970s, when a series of disastrous business decisions
and family quarrels brought the company to the verge of bankruptcy.
At the time, brothers Aldo and Rodolfo controlled equal 50% shares of
the company, though Aldo felt that his brother contributed less to the
company than he and his sons did. In 1979, Aldo developed the Gucci
Accessories Collection, or GAC, intended to bolster the sales for the
Gucci Parfums sector, which his sons controlled. GAC consisted of small
accessories, such as cosmetic bags, lighters, and pens, which were priced
at considerably lower points than the other items in the company’s accessories
catalogue. Aldo relegated control of Parfums to his son Roberto in an
effort to weaken Rodolfo’s control of the overall operations of the
company. |
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