Happy Birthday Gucci

The venerable House of Gucci turns 85 this year with a number of celebrations scheduled around the globe. Guccio Gucci originally started a saddle making business and added leather goods in the 1920’s. He opened his first retail store shop on the Via Condotti in Rome in 1938.

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Gucci soon became renowned for its luggage, ties, shoes, and its famous bamboo handle handbags. It enjoyed enormous success worldwide in the 50’s and 60’s but started to languish in the 80’s largely due to family infighting and bad business decisions. The troubled company was eventually sold to Arab interests. However things turned around in the 90’s when Tom Ford was brought in as style director. Today Gucci is owned by French retailer PPR, which also owns Balenciaga, Yves Saint Laurent, Stella McCartney, Alexander McQueen and others.