Gucci on sale

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Guccioutle

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In 1999, following a lengthy takeover battle with rival luxury titan LVMH Hennessy Louis Vuitton, Gucci Group became allied with Franois Pinault, one of the richest men in France. Gucci Group is now controlled by the Pinault family, whose public face is PPR, the French retail and luxury group. Fueled by a $3 billion influx of cash from Pinault, Gucci Group went on a spending spree. Yves Saint Laurent was its first purchase in 1999, followed by Bottega Veneta , Boucheron , Sergio Rossi , which is run by Nicolas Ghesquire.
 
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