Lady Gaga's first House of Gucci scene as Patrizia Reggiani shows her walking to work, which would have been her father's transport company, where she worked as an accountant. 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. Tall, thin, blond and comfortable in the world of the wealthy seemingly the opposite in every way of Patrizia Paola Franchi was Maurizios girlfriend during the last years of his life and was living with him at his vast palazzo on Milans luxurious Corso Venezia at the time of his death. Its fitting that Ridley Scotts House of Gucci has a title card that reads inspired by the true story. The Gucci family themselves had long been careful mythmakers and shapers of the companys image. He had the vision, but if you dont execute the vision, it is meaningless. Gucci's success at selling an elaborately crafted fantasy of sex and wealth is . With what? 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. Jack Huston: Domenico De Sole. All rights reserved. His wife, actress Alessandra Winkelhausen Gucci, died at age 44 in 1954 when their son Maurizio was only 5 years old. To harness the Milan shows publicity, Ford began designing collections for women and men for Milans semiannual ready-. It was sensational fin. 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. (Technical note: Gucci is amortizing the nearly $100 million of goodwill created by the Severin Montres acquisition against earnings over 20 years, half the time required by U.S. accounting standards.). Over the last four years Gucci has spent over $200 million to buy out franchisees, open new Gucci-operated stores and refurbish older ones. It was, after all, Tom Ford who had brought the word luxury back into fashion in the mid-1990s, along with a heady dose of sex appeal. But Arnault could probably justify the price on the grounds that Gucci is debt-free, throws off close to $150 million a year in free cash flow and will throw off much more cash as the Asia storms abate. While the stock market thought Asia would buffet Gucci, Patrizio Bertelli could see that De Sole and Ford had their ship in splendid trim. Kristen Bell to Befriend an Unorthodox Rabbi. Showing all 1 items Jump to: Photos (1) Photos . Maurizio made the first move after exclaiming to a friend that Patrizia looked like Elizabeth Taylor. Ford, who launched his own company in 2005 after leaving Gucci as well as . The true story changed for House of Gucci is that he was gunned down over the steps of his office building, and it happened in Milan. Who could forget the blacked-out room and the roving spotlights following Amber Valletta, Shalom Harlow, Kate Moss and Helena Christensen striding in low-slung velvet trousers, undone satin tops, fur coats and big, bright GG logos? stalker into a crazed, bloodthirsty killer. During his life he maintained homes in New York City, Palm Beach, Beverly Hills, London, Paris and Rome. She claims she is destitute, living in her mothers villa near the Milan courthouse where she was tried and sentenced. Gianni Versace is at the heart of the story, as is Giorgio Armani, who opens up about his . 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. We just want to dive into a pool without having to hold onto our bottoms. 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. Domenico de Sole (Jack Huston) Gucci family advisor Domenico is another Porsche fan, turning up Memories of Maurizio faded and gave way to Guccis newfound popularity, and surging sales. But Maurizio double-crosses an Paolo and arranges for police to shut the show down midway through for breach of contract. Although Reggiani admitted hating her ex-husband, she denied ever wanting to kill him. 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 could be seen as the winner. During these years, there were creative tensions between Ford and Maurizio Gucci, the company's chairman and 50% owner. Lets Do the Thing: How Online Were You in February 2023? Theres no way anybody else could have given him that shoe, except Maurizio. turned to De Sole to rescue the company. I think we caught everybody by surprise. 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. The real-life scandal that ensued after Maurizio's assassination in 1995, which profoundly shook Italian society at the time, is the center of attention of the movie. Ridley Scott's House of Gucci tellsthe true story of the Gucci family, but how much of the scandal in the movie actually happened in real life? All Rights Reserved. Domenico De Sole was the former CEO of Gucci Group whose tenure brought the company out of near bankruptcy in the 1990s. Real-life Patrizia Reggiani, though, did not work there. Yet House of Gucci can only strive to capture the larger-than-life aspects of the Gucci family and those in their circle. Gucci sells its products through three kinds of outlets . 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. Aldo worked early on to spread the legend of the Guccis as noble saddlemakers. '72", "Domenico De Sole's Latest Role: Chairman Of Sotheby's", "Sotheby's Sold for $2.7 Billion to French Media Titan Patrick Drahi", "Suit Against Knoedler Gallery Over Fake Rothko Continues After a Settlement", "Photos from House of Gucci Cast vs. Real Life", https://en.wikipedia.org/w/index.php?title=Domenico_De_Sole&oldid=1090921643, Articles with unsourced statements from January 2022, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 1 June 2022, at 04:46. 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. You have to understand Maurizio wasnt a bad man, just a little crazy. I think you pull it, Joshua Jackson says to Lizzy Caplan sensually. She was also friends with Orlando, who had described the Gucci successor to her the previous night. Early life [ edit] Domenico De Sole was born in Rome, Italy in 1944, the son of a Royal Italian Army General. Gucci had for years carried some rather matronly womens wear, but had never produced a complete ready-to-wear line. Nemir Kirdar decided it was time to take some of his investors marbles off the table. And it makes Domenico De Sole, chairman and chief executive officer of the Gucci Group, seem like a miracle worker. A love affair ensued. "Gucci Group N.V." mainly describes Gucci's genealo gy as an enterprise until 2000 and its turnaround by Domenico De Sole. Fords designs launched the hyper-luxe, oversexed style that revived the Gucci brand and turned it into an international powerhouse far beyond what it had ever been before. 10 of 10 Camille Cottin as Paola Franchi. Both Rodolfo and Aldo consider the younger Guccis designs which favor pastels on browns, among other bold combinations to be crass, cheap, and aesthetically displeasing. In a 2004 interview, on the day he left Gucci for good, De Sole told WWD his expectations for the company were never that grand. Between June 1998 and February 1999, the eagle-eyed Bernard Arnault began to amass Gucci shares, eventually building up a stake of 34.4 percent through a series of transactions, before attempting a takeover, which was eventually foiled. Okay, TikTok, You Can Calm Down About Aubrey Plaza at the SAG Awards Now, All 165 Pink Floyd Songs Ranked, From Worst to Best. The scene is Gaga at her most menacing: Adorned in a black leather jacket, with even darker mascara and unkempt hair, she points her finger at the numbskull killers, issuing the unsettling instruction, Dont miss. Initially, Pina acted as an intermediary, finding Benedetto Ceraulo to serve as the gunman and Orazio Cicala, a local pizzeria owner saddled with debts, as the getaway driver. The estimated net worth of Sole Domenico De is at least $3 Million dollars as of 2023-02-25. Using money whose source is something of a mystery (repeated calls to Bertelli went unanswered), last summer Bertelli quietly spent some $260 million to pick up nearly 6 million Gucci shares, 9.5% of the outstanding stock. Published by at 21. aprla 2022. If no deal emerges, Guccis stock will probably drift down a bit (its Drs were $70 each on Jan. 20), but it wont collapse. Adam Driver, Jared Leto, Al Pacino and Jeremy Irons also star in the directors second epic drama of the year, following The Last Duel.. Gucci surprised everyone, and scaled rapidly: A few years after Fords breakout, the company piqued the interest of Prada, which took a 9.5 percent stake. But thats not quite how the bad-faith dealing went down in real life. One of the more haunting scenes in Scotts epic involves Patrizia calling the psychic hotline of a television personality named Pina. On paper, a full lvmh/Gucci merger makes some sense. Which is why Gucci is now a takeover play. He and Patrizia split in 1985, when he supposedly packed a bag and had a friend tell her the next day that he wasnt coming back. Three years later Patrizia was convicted for arranging his killing. By Rob Bear Feb 15, 2013, 3:30pm EST. 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. While Maurizio's 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. In short, if Arnault pursues and wins Gucci, dont expect De Sole or Ford to remain very long on LVMHs payroll. House Of Gucci True Story & Real-Life Scandal Explained, Every Ridley Scott Movie Ranked From Worst To Best (Including House of Gucci), Lady Gaga's American Horror Story: Roanoke Witch Villain Explained, Why Jared Leto's Character In House Of Gucci Went Too Far, Why House of Gucci's Reviews Are So Mixed. Maurizio's cousin Paolo's flamboyant fashion sense is matched by the wonderful pasha interior of his Porsche 924. Finally, it ends in the year 1995. I had been very, very close to Maurizios father Rodolfo. During his time as Gucci's creative director, the company saw 1,200% growth in sales - nearly $3 billion, according to Forbes. Grouses De Sole, who thinks Arnault might have had the courtesy to tell him he was interested in Gucci: The guy [Arnault] just asked himself over to dinner without calling first.. She was very gracious. But if you're watching people be creative, and you're smart, and you pay attention, you can learn a lot. 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. Maurizio and Paola had known each other briefly as teenagers, meeting on the beaches of Santa Margherita, and began their relationship after reuniting in 1990 at a nightclub in St. Moritz. Their sudden departure from the Gucci Group in April 2004 rocked the global fashion business. . 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. Patrizia instantly recognized Maurizio. Arnaults French rival Franois Pinault rode in as Guccis white knight, and brought the company into what was then PPR, and is now known as Kering. Both would be paid 600 million lire ($699,870, accounting for inflation). monetary policy of nepal 2077/78 highlights. By 1993, the familys attorney and the CEO of Gucci America, Domenico De Sole, had sided with Investcorp, forcing out Maurizio. Goes Out newsletter, with the week's best events, to help you explore and experience our city. 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Even at $70 a share Gucci is priced at 23 times its estimated 1998 earnings, reasonable compared to average equity market p/e multiples in Europe and the U.S. De Sole says Gucci is off to a fast start in this years first quarter, and theres plenty of growth left in the 78-. year-old company, which got its start making fancy harnesses for horses. I didnt believe it. While the movie only implies that Patrizia forged the signatures, a longtime assistant to Rodolfo testified that she in fact committed the act. Bertelli is the husband of designer Miuccia Prada and chief executive of her familys Milan-. However, this was a huge drawback for Gucci group because Tom Ford was once . At a March 1986 launch party in Rome, judicial police burst in to commandeer the collection, sending guests fleeing with Champagne glasses still in hand. We witness their first meeting and the moment when Maurizios skeptical father Rodolfo (Jeremy Irons) disowns him for marrying her. 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The new House of Gucci movie tells the very real story of all the scandal, power, love, betrayal, and, yes, even murder that surrounded the Gucci family back in the day. Instead, in this alternate reality, Mr. Ford and Mr. De Sole made a deal with . Tom Ford says Guccis high-margin ready-to-wear apparel, (11% of sales in 1998s first half, up 50% from 1997), has enormous potential. According to Fordens book, however, their first meeting happened very differently. 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. [5], They have two daughters. A 2016 article in The Guardian reported that Franchi split her time between Milan and Kenya. Senior critic-at-large. We spent the entire morning with her. 4 comments. Look at Armani, says Ford. In early January, Arnault terminated negotiations with the cosmetics and perfumes division of French pharmaceuticals group Sanofi, which controls Yves Saint Laurent. By 1993, the family's attorney and the CEO of Gucci America, Domenico De Sole, had sided with Investcorp, forcing out Maurizio. We had to make the brand fly!. Upon his death, Aldo's will. De Sole tells a story to describe Guccis bleak picture when he and Ford took charge. Per Fordens book, she proclaimed to a housekeeper, If its the last thing I do, I want to see [Maurizio] dead.. The films depiction of Patrizias meeting with hired assassins is partly accurate. Sole Domenico De is the Director of Newell Brands Inc and owns about 53,469 shares of Newell Brands Inc (NWL) stock worth over . In 1983, Aldo Gucci, Maurizios uncle, had gotten into serious American tax trouble (Aldo was briefly imprisoned in the U.S.). Credit: Gucci Domenico De Sole LL.M. De Sole took over Gucci at a tricky time for the company: Having run Gucci America for nearly a decade, he returned to his native Italy in the early '90s to become chief operating officer of the . That this was a brilliant investment was confirmed by no less a fashion industry entrepreneur than Bernard Arnault. Sole Domenico De is the Director of Sothebys and owns about 33,105 shares of Sothebys (BID) stock worth over $2 Million . House of Guccifocuses on the Gucci family business starting from the 70s, following the jet-set couple Maurizio Gucci (Adam Driver) and Patrizia Reggiani (Lady Gaga) from the beginning of their relationship. This site is protected by reCAPTCHA and the Google The pair, however, didnt first meet through a hotline phone call. De Sole: There wasnt much money for advertising, so we decided to sink what we had into fashion, which is a highly publicized business. When Paolo aligned his interest with Maurizios 50%, he tipped the scales to begin the process that ultimately led to the family no longer owning the company. Trained at New Yorks Parsons School of Design in interior architecture, Ford started off in the spring of 1995 with a womens wear collection that featured dramatically asymmetrical lines and touches of color. Ridley Scotts House of Gucci, an Italian fashion family epic, creates a wild soap opera from the tempestuous romance between fashion heir Maurizio Gucci (Adam Driver) and his power-hungry bride, Patrizia Reggiani (Lady Gaga). He was promoted to creative director in 1994. From very little in 1994, Guccis communications expenditures advertising, mostly, and some public relations rose to $28 million in 1995, to $61 million in 1996, to $69 million in 1997 and exceeded $80 million last year. He successfully crossed the border with his helmet on for fear of being identified. The owners are Domenico De Sole and his wife, Eleanore. 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. Domenico De sole - CEO of Gucci Group 2. His case was the only one to go to trial. Two years ago Jacques Mouclier, the former chief of the French Federation Franaise de la Couture, the governing body of Gallic fashion, described Arnault to this reporter this way: Arnault tends to be a bit of a mode dictator. By that Mouclier meant that, in fashion matters, the lvmh chairman will countenance creative outburst, but no opposition on the management level. The first half of House of Gucci focuses mostly on the couple, then integrates their relationship into the rest of the family workings, showing Gagas Patrizia very keen on convincing Drivers Maurizio to be part of the family business. In House of Gucci, Patrizia comically mistakes the fashion heir for a bartender, exposing her lack of sophistication and ignorance of Italys elite. Tom Ford and Domenico De Sole, credited with turning around the fortunes of the fashion house of Gucci, have said they will be leaving the company. O projekte - zkladn info 2. oktbra 2019. This was before we had begun to roll, when we were largely in the planning stages. Forden's meticulous research involved speaking to over a hundred people, including former Gucci CEO Domenico De Sole and Maurizio's driver Luigi Pirovano. 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. Things werent going well, and hed lash out at people. De Sole massively reduced huge amount of distribution channel and emphasized on strengthening the network of directly operated stores. 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. Sentenced to 29 years in prison for orchestrating her ex-husbands murder, she was released in 2016 after serving 18 years. Of Gucci Group because Tom Ford was once 1 items Jump to: Photos ( 1 ) Photos decided! Was a brilliant investment was confirmed by no less a fashion industry entrepreneur than Bernard Arnault and.! Giorgio Armani did domenico de sole betray gucci who opens up about his Maurizio was only 5 old... And Ford took charge De is the husband of designer Miuccia Prada chief. The films depiction of Patrizias meeting with hired assassins is partly accurate to dive a. 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