Introduction
Gucci, the iconic Italian fashion house known for its luxury goods, has seen significant success and transformation over the years. However, the question of who controls Gucci now leads us to look at its parent company, Kering SA. Kering is currently the sole owner of Gucci, but understanding who controls and owns Kering requires a closer examination of its ownership structure. This article will delve into the intricacies of who owns Gucci now, the Gucci ownership structure, who owns Gucci stock, and the largest shareholders of Gucci.
Who Owns Gucci Now?
As of now, Kering SA is the sole owner of Gucci, having acquired the brand in the early 2000s. Kering, formerly known as PPR (Pinault-Printemps-Redoute), is a French multinational luxury goods conglomerate that owns a portfolio of high-end fashion brands, including Gucci. The acquisition of Gucci by Kering has proven to be a strategic move, as the brand has experienced a resurgence in popularity and profitability under the ownership of Kering.
Gucci Ownership Structure
To understand the ownership structure of Gucci, we must first look at Kering's own ownership structure. Kering has approximately 123,000 employees worldwide and operates through various subsidiaries and brands in the fashion, leather goods, jewelry, and watchmaking sectors. The company is publicly traded on the Euronext Paris stock exchange, with multiple shareholders holding stakes in the company.
Kering's ownership structure is complex, with the majority of the shares owned by institutional investors, including mutual funds, pension funds, and other financial institutions. The company's largest shareholder is the Pinault family, specifically François-Henri Pinault, who serves as the Chairman and CEO of Kering. The Pinault family has a significant stake in Kering, giving them substantial control over the company and its subsidiaries, including Gucci.
Who Owns Gucci Stock?
Given that Kering is the sole owner of Gucci, the ownership of Gucci stock ultimately lies with the shareholders of Kering. As a publicly traded company, Kering's stock is available for purchase on the stock exchange, allowing investors to buy and sell shares of the company. The ownership of Gucci stock is tied to the ownership of Kering stock, as Gucci is a subsidiary of Kering.
Investors who hold shares of Kering indirectly own a portion of Gucci, along with the other brands under the Kering umbrella. The performance of Gucci and its contribution to Kering's overall business results can impact the value of Kering stock and, consequently, the returns for shareholders.
Gucci Largest Shareholders
While Kering is the sole owner of Gucci, the largest shareholders of Kering also hold indirect stakes in Gucci. As mentioned earlier, the Pinault family, led by François-Henri Pinault, is the largest shareholder of Kering. The Pinault family's ownership stake in Kering gives them significant influence over the company's strategic decisions, including those related to Gucci.
In addition to the Pinault family, other institutional investors hold substantial stakes in Kering, making them significant shareholders of Gucci as well. These institutional investors play a crucial role in shaping the direction and performance of Kering and its subsidiaries, including Gucci.
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