Latest / Family Business Stories with Fexingo: Succession, Legacy, and Multi-Generational Companies
How the Gucci Family Lost Control of a Fashion Empire
In this episode of Family Business Stories with Fexingo, Lucas and Luna examine the dramatic unraveling of the Gucci family's control over the iconic Italian fashion house. They trace the story from Guccio Gucci's founding in 1921 to the bitter feuds of the 1980s that led to the family losing majority ownership. Key numbers: the 80 percent stake sold to Investcorp in 1988, the three-way war between Maurizio Gucci, his uncle Aldo, and cousin Paolo. The episode explores how family governance failures, tax evasion scandals, and a boardroom coup paved the way for outsiders to take over…
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