Two years later, in January 1997 the year of Fords harness dress and GG thongs and with sales still climbing, De Sole remembers getting a call, midmeeting, at the Gucci offices in Milan. Pina receives a vision of the Gucci heir with his lover, Paola Franchi, causing Patrizia to spiral into grief. Yes, much to Paolos heartbreak. [2][3] He graduated from the Sapienza University of Rome in 1970 with a law degree, and then received a scholarship for Harvard Law School, where he received an LLM degree in 1972. Eileen Kinsella, August 28, 2019 A courtroom sketch of Domenico De Sole on the witness stand with the fake Rothko painting he bought from Knoedler gallery. Bertelli is the husband of designer Miuccia Prada and chief executive of her familys Milan-. Its safe to assume Arnault has calls in to Templeton Investment Counsel, with 5.8% of Guccis stock; Capital Guardian Trust, with 5.2%; and Scudder Kemper Investments, with 4.4%. We had a nice chat, a rational conversation. Famously, the tale goes that he was inspired to. He was not a good businessperson. To harness the Milan shows publicity, Ford began designing collections for women and men for Milans semiannual ready-. He added that Maurizio was frustrated because the company was doing poorly., Maurizio had a very good strategic view of the company, and I give him credit for his vision to reposition the brand, said De Sole, who got to know the Gucci scion when he was working for the U.S. arm of the business. In the scene, he's biking around Quartiere Copped in Rome when someone drawshis attention by calling out, "Doctor Gucci!" It is based on the 2001 book The House of Gucci: A Sensational Story of Murder, Madness, Glamour, and Greed by Sara Gay Forden, itself based on real events. De Sole remembers the months following the shooting as sad and puzzling for those who knew Maurizio, and for the companys staff. De Sole remembers the. And as much as each of the . De Sole tells a story to describe Guccis bleak picture when he and Ford took charge. This site is protected by reCAPTCHA and the Google She was released in 2010. travel mug with handle plastic; Gucci ! Nov. 5, 2003. The Gucci brand has since become Kerings largest, generating nearly 60 percent of revenues in 2020 with 7.44 billion euros in sales. based fashion company Prada. monetary policy of nepal 2077/78 highlights. A fashion show gets raided. A timeline of the (alleged) drama involving Olivia Wilde, Harry Styles, and Florence Pugh. Despite the films lampooning, Paolo did help create Guccis signature double-G logo, his longest-lasting and best-known contribution to the brand. The reasons behind these snubs aren't exactly clear, though it could be thatHouse of Gucci's length held it back a little. The final hour of House of Gucci covers his fall and his divorce from Patrizia. And it makes Domenico De Sole, chairman and chief executive officer of the Gucci Group, seem like a miracle worker. For nearly two years the identity of his killer remained a mystery, and when it was revealed that his ex-wife Patrizia Reggiani had hired a hit man to finish him off, the scandal failed to taint the business. With the authorities tipped off by his own son Paolo, Aldo was sentenced to one year and one day for tax evasion in an American prison in 1986 at the age of 81. 2023 Fairchild Publishing, LLC. When Patrizia and Maurizio were together, the Italian press dubbed her the Joan Collins of Monte Napoleone, referring to an upscale shopping street in Milan. Last month Bernard Arnault, chairman of Frances mighty lvmh luxury goods group, deftly acquired 26.7% of Gucci Groups 59.4 million publicly traded shares for lvmh, pushing Guccis market value to over $4 billion. We had to make the brand fly!. I liked the idea that maybe she is a fraud, except for that one time when Maurizios shagging the femme fatale, Franchi, and Pina gets a real message, a real psychic connection, he told us. In a Netflix comedy by Katharine McPhees stepdaughter. Santo Domenico Versace attends the premiere of "Milano: The Inside Story Of Italian Fashion" in Milan. Showing all 1 items Jump to: Photos (1) Photos . The legal disputes with the family company and in-fighting continued for many years after that betrayal. Domenico De sole - CEO of Gucci Group 2. The true story is changed for the movie but in real life, Patrizia and Pina had been longtime friends beforeorganizing the meeting for the hit to be placed on Maurizio Gucci, booking Ivano Savioni and Benedetto Ceraulo as hitmen. Patrizia is furious that Maurizio didn't have the. Yes. While Clark Gable did own a pair of rare Gucci shoes, made specifically for his film Mogambo, it did not have any gold leaf. De Sole, too, knew the family well. With what? De Sole massively reduced huge amount of distribution channel and emphasized on strengthening the network of directly operated stores. Gucci's success at selling an elaborately crafted fantasy of sex and wealth is . For all the noise that is made about Dior, Givenchy, Lacroix, and Cline, none of them are showing any real brand appeal in the luxury market. Domenico De Sole is chairman of Tom Ford International, the menswear brand that now includes beauty, accessories, fragrance and footwear. Forden's book . The financial police cited copyright issues and the unlawful practice of using the name Gucci without having the right to do so. [3], In March 2015, De Sole became chairman of the international auction house Sotheby's, working alongside president and CEO, Tad Smith, whose appointment was announced on the same day. House of Gucci, Tom Ford and Domenico De Sole - Mimi Tang on the Italian luxury label's Asia success story | South China Morning Post Former Gucci Asia-Pacific head Mimi Tang talks about. In 1981, they had another daughter, Allegra Gucci, but she was not portrayed and never mentioned in the movie. On a scale of laminated-eyebrow drama to Lemon Lady Secrets. Perhaps surprisingly, the real-life story that inspired House of Guccihad as many twists and turns as one would expect from a movie, not the real world. If the Gucci family era of ownership of the Gucci business might be seen as a "Game of Thrones"/"Succession"-style battle, the Italian-born, Harvard-educated attorney Domenico De Sole. It was likely Aldo Gucci who began the story that the family was descended from noble saddlemakers to the medieval courts, when his father and company founder Guccio Gucci actually began his. She was very gracious. A love affair ensued. The line was a hit in the press, as was the collection shown in the fall of 1995 that was designed around a retro 1960s style. Patrizia is defiant, and you can feel the disdain and bitterness shooting from Gagas teeth. Busy Phillips Is Not Like a Regular Mom, Shes a Cool Mom, Theres nothing wrong with Busy Phillips being cast as Mrs. George in the upcoming, In Search of Tom and Katies Bubba Painting, Maybe punting on the larger plot can be forgiven if we get a sweet. A desperate Patrizia asks Pina to find out if Maurizio is with another woman. Laura De Sole, Vice President, La Mer Global Product Marketing at The Este Lauder Companies, married Benjamin Baccash in 2013. He was murdered on the steps of his office building in Milan on March 27, 1995. In real life, however, Maurizio wasn't riding a bike at the time of his assassination, nor did it happen in Rome. 4 comments. The oldest son of company founder Guccio Gucci, it was Aldo Gucci who oversaw the brands rise to international heights, becoming a status symbol of wealth and luxury. (Maurizio was named after Rodolfos screen name, Maurizio DAncora.) Lady Gaga missed out on Best Actress, however, andHouse of Gucci did not rank among the films up for Best Picture, as seems to have been its intention. But Patrizia began interceding when she wasnt seeing quick enough results. In reality, Maurizio started working for Gucciof his own accord in 1972. FILE - In this Oct. 23, 2014 file photo, Domenico De Sole, a chairman of the board at Sotheby s, and his wife Eleanore attend Fashion Group International's "Night of Stars" in New York. [5] Eleanore Richards "Rickie" De Sole, Executive Fashion Director Vogue.com, married Derek Webster in 2012. The owners are Domenico De Sole and his wife, Eleanore. House of Gucci is a 2021 American crime biopic film directed by Ridley Scott. It was Ford telling him that Reggiani had been arrested in connection with the murder but he still couldnt believe it. I told the police, It sounds like a soap opera! But, still, I couldnt figure out who could have killed him, or who would want to kill him, said De Sole. That was the reality.. Okay, TikTok, You Can Calm Down About Aubrey Plaza at the SAG Awards Now, All 165 Pink Floyd Songs Ranked, From Worst to Best. Beyond that, I didnt know. These scenes depict Patrizia as an out-of-her-depth gold digger; she tries to make small talk with Maurizio but struggles to keep up when the conversation veers to something academic (you almost wonder what they ever talked about). While the movie only implies that Patrizia forged the signatures, a longtime assistant to Rodolfo testified that she in fact committed the act. Maurizio Gucci would go from reluctantly joining his family firm to ruthlessly ousting his relatives to enact the vision he was convinced would save the company. In our case, the market treated Asia as if the continent were about to sink under the waters, like Atlantis, and us with it, grumbles De Sole, who says he was already battening down Guccis Asian hatches in April 1997. On paper, a full lvmh/Gucci merger makes some sense. She completed her sentence in social service work, and the terms of her release even allowed her a gig at Milan-based costume jewelry firm Bozart. While De Sole sees Gucci as a brand, the stock market has viewed it more as a retailer and one that in 1996 earned nearly half its operating profits in Asia. Somewhere in the multiverse of fashion, there is a branch of reality in which Tom Ford and Domenico De Sole never sold Gucci to PPR.They never bought Yves Saint Laurent or Bottega Veneta or Balenciaga; never left Kering; never started their own brand; and never sold that brand to Este Lauder for almost $3 billion. Reeve Carney attends the House of Gucci New York premiere at Jazz at Lincoln Center. Rodolfo never remarried and doted on Maurizio throughout the rest of his childhood. Domenico De Sole, who joined Gucci in the 1980s, took the reins after Maurizio and oversaw Gucci's revival as a sex-driven brand with major red carpet appeal under Tom Ford. Contrary to popular belief, Milans fall and spring ready-to-wear shows are not presented to sell apparel lines to buyers; that is accomplished at private showings. Although by then Maurizio was on the verge of selling all of his shares to Investcorp and exiting the company, his legacy loomed large. In 1993, after Maurizio sold his 50% interest in Gucci to the same investment firm he had brought in to buy up his relatives shares, there would no longer be anyone from the Gucci family involved in running Gucci. As a show of trust, Maurizio gifts the head of Investcorp a rare pair of Gucci shoes, originally designed for Clark Gable. In 1980, Aldo dismissed him from the company. In a ploy to kick Aldo out of the company, House of Gucci depicts Maurizio and Patrizia's plotting against him with his son Paolo, who knew ofAldo'stax evasion in the U.S. To getPaolo to turn on his father, they promised him his own line, but when he finally got his fashion show, itwas disrupted by the police. Losing them, Magnelia says, would cost too much in Guccis good will value. Publicly, Arnault gushes that De Sole is an excellent manager and Tom Ford an exceptional designer.. While the stock market thought Asia would buffet Gucci, Patrizio Bertelli could see that De Sole and Ford had their ship in splendid trim. lvmh needs Gucci more for the managers than for the brand.. Pinault Printemps-Redoute (Paris), which took control of the Gucci Group two years ago, announced that it had been . In 2004, Tom Ford and Domenico De Sole parted with Gucci group when they failed to agree with PPR over artistic control of the company. These world travelers vacationed on Hilton Head for years before building an oceanfront home and moving here permanently. Although Reggiani admitted hating her ex-husband, she denied ever wanting to kill him. Domenico De Sole was born in Rome, Italy in 1944, the son of a Royal Italian Army General. Video: Do These Outrageous Celebrity Fashion Looks Hold Up? The two women formed a quick bond; Patrizia often turned to psychics for guidance. In Ridley Scott'sHouse of Gucci, Patrizia can be seen calling her future psychic and friend Pina (Salma Hayek) while the latter is working on live television. Gucci could sell its goods through hundreds of lvmh outlets. In real life, though, De Sole had had the Gucci family as a client for years, helping them through their restructuring. Next:Why House of Gucci's Reviews Are So Mixed. The film focuses on the story of Maurizio Gucci and his wife, Patrizia, as her ambitions to be part of a world of extreme wealth and power lead her to orchestrate his 1995 murder. Password must be at least 8 characters and contain: As part of your account, youll receive occasional updates and offers from New York, which you can opt out of anytime. Guccis going to destroy us! he cried. He was promoted to creative director in 1994. In the latest chapter of a scandal that's jolted New York's art world, a federal jury is hearing about a Chinese immigrant who forged fakes of . PPR is a French multinational holding company specializing in retail shops and luxury brands that gained ownership of 60 percent of the Gucci Group's stock in 2003. [4][2], De Sole worked for leading U.S. law firms before becoming a partner at the Washington DC firm Patton, Boggs & Blow, specializing in tax law. It was sensational fin. House of Gucci Left Out Allegra Gucci Asked by paparazzi in the street why she hired a gunman to kill Maurizio rather than do it herself, she said, My eyesight is not so good, I didnt want to miss. According to the new afterword in the movie tie-in edition of Fordens book, in November 2020, Reggiani prevailed in a case before Italys Supreme Court in which her two daughters were attempting to block her continuing to receive a substantial annuity from the Gucci estate. Maurizio escapes across the Swiss border on a motorcycle. The company wont announce its 1998 results until mid-February, 1999, but its a good bet theyll be strong:over $1 billion in revenues, at least $185 million (nearly $3 a share) in aftertax profits. Maurizio was acquitted of tax evasion after he was charged with forging his fathers signature on the stock certificates that transferred Rodolfos shares of Gucci to him following Rodolfos death in 1983. While Maurizios death had no impact on the new 1990s Gucci he had sold his shares to his then-minority partner Investcorp in 1993 it was still shocking for some. During the trial, she would become The Black Widow. (She would also sometimes be referred to in the press as Lady Gucci, a prescient irony for the woman who would later be portrayed on screen by Lady Gaga.) Money? Nemir Kirdar decided it was time to take some of his investors marbles off the table. Maurizio was later acquitted of the charge, brought forward by his cousin Paolo (Jared Leto). He left the label in 2004 and since then has launched his own Tom Ford line and is currently chairman of the Council of Fashion Designers of America. After the death of Rodolfo in House of Gucci, lawyer Domenico de Sole (Jack Huston) can be seen talking with Maurizio and Patrizia about the inheritance. On Jan. 19 Arnault bought another 6% of Gucci from Chicago-based Harris Associates Oakmark Select Fund. It was likely Aldo Gucci who began the story that the family was descended from noble saddlemakers to the medieval courts, when his father and company founder Guccio Gucci actually began his career working at the Savoy Hotel in London before opening a small shop in his native Florence, Italy. Less than six years later Gucci Group, as the company is now called, is coining so much money from one of the planets hottest brand names that the company has become a takeover play. . Among his many endeavors since leaving Gucci, Ford directed the Academy Award-nominated feature films A Single Man and Nocturnal Animals. In a recent interview with GQ, he spoke about the House of Gucci movie project. Patrizia instantly recognized Maurizio. You may occasionally receive promotional content from the Los Angeles Times. Rather, the collections are produced as media circuses, designed to bring brand names, supermodels and Bentleyloads of celebrities before the paparazzi and the public. According to Fordens book, however, their first meeting happened very differently. One of his clients in the early 1980s was Gucci, where he helped with corporate restructuring, and Rodolfo Gucci, a son of the founder Guccio Gucci, enticed De Sole to join in 1984 as CEO of Gucci America. Instead, in this alternate reality, Mr. Ford and Mr. De Sole made a deal with . Their sudden departure from the Gucci Group in April 2004 rocked the global fashion business. De Sole can be seenat all the Gucci family functions, especially looking over Paolo and working closely with Rodolfo. De Sole considers this last kind of door especially important in managing the Gucci brand. Jack Huston: Domenico De Sole. In 1993 Guccio Gucci SpA, whose supple loafers adorned some of the worlds wealthiest feet and whose distinctive handbags were draped over many a pampered shoulder, lost over $22 million on revenues of $230 million. Ford, who launched his own company in 2005 after leaving Gucci as well as . But Paolo did suspect it was Maurizio who had called the authorities on him. The year Maurizio died, Gucci went public on the New York and Amsterdam stock exchanges, and Ford showed his breakout fall 1995 collection, which is no doubt seared into the minds of fashion fans. '72, former CEO of Gucci, endowed a chair for a scholar focused on business law. Vanessa Bryant Settles Helicopter-Crash Photo Lawsuit for $28.85 Million. However, this was a huge drawback for Gucci group because Tom Ford was once . In real life, Maurizio was not only suspected offorging Rodolfo's signaturebut was also tried and found guilty of the crime. Ford and his business partner, De Sole, helped Gucci acquire . Using Fordens book as a guide, along with an interview with the films screenwriter Roberto Bentivegna, here well break down what is fact and fiction in House of Gucci. A true autocrat, the 50-year-old Arnault is unlikely to share any real power with De Sole. On an emotional level, it was a horrible thing to have happened, and very sad.. House of Gucci (2021) Jack Huston as Domenico De Sole. Lets Do the Thing: How Online Were You in February 2023? One of the more haunting scenes in Scotts epic involves Patrizia calling the psychic hotline of a television personality named Pina. Thats business we can have.. Bertelli will make around $140 million and hell earn a further premium if LMVH goes on to launch a full takeover bid for Gucci, which seems likely as this issue of Forbes Global goes to press. A 2016 article in The Guardian reported that Franchi split her time between Milan and Kenya. By Samantha Conti March 27,. Better yet, De Sole was able to use Guccis strong cash flow to buy in several franchisees in Guam, South Korea and Taiwan at very attractive prices and to renegotiate expensive leases in Hong Kong and elsewhere. If I see a collection, I can tell if it's a good collection.". On LVMHs side, its retailers among them Paris Bon March, and San Francisco-based DFS would get badly needed new products from the hot hand of Tom Ford. In the movie, after the party, Patrizia stalks Maurizio, pretending to serendipitously bump into him at his law-school library. Pacino crumples, imbuing the scene with all the acute hurt felt by Aldo. De Sole said Maurizio ordered him to fire the design staff, including Ford, but he refused. A Q&A with Tom Ford's Domenico De Sole. HISTORY 1923: Florence, leather goods 1930s: Mussolini, new material, canvas, producing small leather goods, wallets and belts 1953-1973: more shops in USA ,Europe, Japan 3. She blamed Maurizio for abandoning her in 1985 and divorcing her six years later. In actuality, the company was founded by Guccio Gucci, Maurizios grandfather. I read the screenplay before it was made, and, you know, for somebody who lived it, you have to realize that things are glamorized in film, because when I read some of the descriptions of things that were happening and the characters, and what they were wearing, what they were doing I mean, I was there, and they werent quite so glamorous. During his life he maintained homes in New York City, Palm Beach, Beverly Hills, London, Paris and Rome. De Sole has said he wants to spend more time with his wife and two teenaged daughters who live in the Washington, D.C., area, and sailing his 20-meter sailboat, moored in Chesapeake Bay. We are a brand! As the money began pouring into Guccis registers, De Sole pumped much of it back into supporting the companys image. The business original emblem was a bellboy carrying luggage under one arm and a traveling bag under the other. The youngest son of Guccio Gucci, Rodolfo Gucci was initially a film actor before joining the family business after WWII. Scott plays the moment as the ultimate betrayal. Finally, it ends in the year 1995. With Rodolfos shares, Maurizio would have been Gucci's majority shareholder, but because Rodolfo never signed the paperwork, Maurizio would have had to pay a hefty inheritance tax. Toward the end of the podcast . Not only that, her birth is a cause for reconciliation between Rodolfo and Maurizio over Patrizia, with the young Alessandra appearing inmany scenes where multiple members of the House of Gucci cast interact with one another. The almost three-hour-long movie is based on thebiographical bookThe House of Gucci: A Sensational Story of Murder, Madness, Glamour, and Greed by Sara Gay Forden, and was clearly intended as a major Oscar contender despite garnering only one nomination. Menswear brand that now includes beauty, accessories, fragrance and footwear and Ford! Laura De Sole is an excellent manager and Tom Ford an exceptional designer is furious that Maurizio didn & x27... 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