The owners are Domenico De Sole and his wife, Eleanore. 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 . Based on the book The House of Gucci: A Sensational Story of Murder, Madness, Glamour, and Greed by Sara Gay Forden, the film covers 25 years in the couples life. After a brief internship at TPI, she decided she wanted to pursue journalism and graduated with a degree in International Journalism from Brunel University. When shes not writing or working as a barista, she spends time with her cats, dining out or at the theatre, where they favor plays over musicals, although musicals won her over in the last couple of years. In 1995, the pair helped take Gucci public on the Amsterdam and New York stock. De Sole was appointed by Maurinzio Gucci as a legal adviser, president and managing director of the company of Gucci America. If the Gucci family era of ownership of the Gucci business might be seen as a Game of Thrones-style battle, the Italian-born, Harvard-educated lawyer Domenico De Sole could be seen as the winner . 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. 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. 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. Patrizia morphs from a (affectionate?) [5] Eleanore Richards "Rickie" De Sole, Executive Fashion Director Vogue.com, married Derek Webster in 2012. Tom Ford and Domenico De Sole at their final show in 2004. Tom Ford Domenico De Sole Marco Bizzarri Alessandro Michele Gucci . But he ultimately lost the war. It never crossed my mind that she could have killed him, said De Sole. Speaking on Letos depiction of her father, Paolos daughter Patrizia Gucci was quoted as saying, Horrible, horrible. In the film, Rodolfo's lawyer Domenico De Sole (Jack Huston) tells Maurizio there's a problem with Rodolfo's willRodolfo forgot to sign the share certificate giving his son 50 percent of the. 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. Despite Positive 2022, Puma Urges Caution for2023. Seeing authorities at his doorstep, the head of Gucci boarded his red Kawasaki GPZ and sped away from his Milan home to his Swiss residence in Saint Moritz. 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. But the company and its greatness play a significant part in it, as well as how it has fared in recent decades. He filed for bankruptcy in 1993 and died in London in 1995. Yes. We had a nice chat, a rational conversation. In real life, though, De Sole had had the Gucci family as a client for years, helping them through their restructuring. In short, if Arnault pursues and wins Gucci, dont expect De Sole or Ford to remain very long on LVMHs payroll. Arnault might have to pay close to $100 a share for the 44 million Gucci shares lvmh does not already own, bringing the total cost of the deal to around $5.4 billion. Adam Driver as Maurizio Gucci, left, and Lady Gaga as Patrizia Reggiani in House of Gucci Photograph: Fabio Lovino/AP. 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. Rather, the collections are produced as media circuses, designed to bring brand names, supermodels and Bentleyloads of celebrities before the paparazzi and the public. While many of the details shared in House of Gucci reflect what happened in real life, some things were left out or happened differently in reality. Read on for excerpts of the interview. 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. 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. Behind the scenes, Domenico De Sole had brokered the deals that built the Gucci brand into a worldwide powerhouse. But Domenico De Sole (Jack Huston), the family's longtime lawyer, turns up at their daughter's soccer game to serve her the divorce papers. Get our L.A. Like in the movie, hefled to Saint Moritz before being imprisoned, but the true story is that he was the one who had been investigated by the authorities, not Patrizia. Now Hollywood Shuffle is a classic, Remember that Harry Styles Spitgate drama? Domenico De Sole was born in Rome, Italy in 1944, the son of a Royal Italian Army General. She proclaims that her marriage will not end, and Maurizio must think of his family first. April 21, 2022 . A true autocrat, the 50-year-old Arnault is unlikely to share any real power with De Sole. A desperate Patrizia asks Pina to find out if Maurizio is with another woman. By Rob Bear Feb 15, 2013, 3:30pm EST. 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 I had to come up De Sole: There wasnt much money for advertising, so we decided to sink what we had into fashion, which is a highly publicized business. Next:Why House of Gucci's Reviews Are So Mixed. Adam Driver, Jared Leto, Al Pacino and Jeremy Irons also star in the directors second epic drama of the year, following The Last Duel.. In 1981, they had another daughter, Allegra Gucci, but she was not portrayed and never mentioned in the movie. Played by Lady Gaga and Adam Driver, Patrizia and Maurizio are part of a constellation of characters in the movie, which also includes Maurizios father, Rodolfo (Jeremy Irons), his uncle Aldo (Al Pacino) and cousin Paolo (Jared Leto), among others. Before he can leave her sights, Patrizia scrawls her phone number in lipstick on the windshield of his Vespa. [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. 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). The fashion heir, nevertheless, finds her attractive. . *Sorry, there was a problem signing you up. gucci link to love bracelet. Reggiani, who was due to spend 26 years in jail, was freed after 17 years. It was at Gucci that he met his current business partner, Domenico De Sole, then the company's CEO. Sep 24, 2002. Oscar Futures: Whos in the Lead As Voting Begins? She was very gracious. 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. Domenico, a native of Italy, is the former CEO of the Gucci Group; in 2005, he co-founded and today continues to serve as chairman of Tom Ford International and is the CEO of Sotheby's. The couple's daughters work in the fashion and beauty industries like father, like daughters, it seems. Jared Leto, from left, stars as Paolo Gucci, Florence Andrews as Jenny Gucci, Adam Driver as Maurizio Gucci, Lady Gaga as Patrizia Reggiani and Al Pacino as Aldo Gucci in Ridley Scotts House of Gucci., Lady Gaga stars as Patrizia Reggiani in Ridley Scotts House of Gucci., Adam Driver stars as Maurizio Gucci in Ridley Scotts House of Gucci., Al Pacino stars as Aldo Gucci in Ridley Scotts House of Gucci., Jared Leto stars as Paolo Gucci in Ridley Scotts House of Gucci., (Fabio Lovino / Metro-Goldwyn-Mayer Pictures Inc.), Jeremy Irons stars as Rodolfo Gucci in Ridley Scotts House of Gucci., Camille Cottin stars as Paola Franchi in Ridley Scotts House of Gucci., Salma Hayek stars as Pina Auriemma in Ridley Scotts House of Gucci.. Rihanna to the Rescue? Maurizio's cousin Paolo's flamboyant fashion sense is matched by the wonderful pasha interior of his Porsche 924. Cedric Magnelia, a luxury products analyst at Credit Suissse First Boston in London, thinks anything over $80 a share for the remaining stock would be too much for lvmh. We are not a retailing company, he booms. In 1921, he moved to Florence to start a small leather company. "You're creative or you're noncreative. In 1993 the company had just lost $22 million, and 1994 wasnt going to be a whole lot better. That, plus other purchases, puts LVMHs Gucci position at 26.7%. 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. Upon his death, Aldo's will. As an Italian-born fashion mogul with a jet set lifestyle, it might seem unlikely that former Gucci CEO and current Tom Ford chairman Domenico De Sole would want to decamp to blue hair-friendly Hilton Head, S.C., but the sleek modern abode he and his wife built there is also highly dissimilar . That this was a brilliant investment was confirmed by no less a fashion industry entrepreneur than Bernard Arnault. 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. Theres no indication that Pudfoot performed at the event. 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. It was sensational fin. 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. His vision led to creative differences with his family. De Sole can be seenat all the Gucci family functions, especially looking over Paolo and working closely with Rodolfo. Things werent going well, and hed lash out at people. 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. I knew her very well, and I always had a very good relationship with her. Before his wife had him gunned him down in a Milan doorway on Mar. Gucci ! [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. His brother Rodolfo retained a 40-year-old Harvard Law School-educated lawyer named Domenico De Sole to handle the case. A theory emerged that Patrizia Reggiani didnt want Maurizio marrying his girlfriend at the time, potentially diluting the inheritance she believed was their daughters birth right. A lot of people at Gucci had known Maurizio since he was a kid, said De Sole, chairman of Tom Ford International and Sothebys, in an interview last week. Jack Huston: Domenico De Sole. The films depiction of Patrizias meeting with hired assassins is partly accurate. All rights reserved. Domenico De sole - CEO of Gucci Group 2. The two women formed a quick bond; Patrizia often turned to psychics for guidance. 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). The business original emblem was a bellboy carrying luggage under one arm and a traveling bag under the other. 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. In the third quarter of 2020, the brand reclaimed the top spot in Lysts ranking of the worlds most-searched names. We are a brand! As the money began pouring into Guccis registers, De Sole pumped much of it back into supporting the companys image. 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At one point, Pina was so trusted she owned a Gucci-franchise store. 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. He was not a good businessperson. Three years later Patrizia was convicted for arranging his killing. 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%. The Gucci brand has since become Kerings largest, generating nearly 60 percent of revenues in 2020 with 7.44 billion euros in sales. 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 1983, Aldo Gucci, Maurizios uncle, had gotten into serious American tax trouble (Aldo was briefly imprisoned in the U.S.). Kristen Bell to Befriend an Unorthodox Rabbi. Hired by Rodolfo Gucci after De Sole stood up to Aldo Gucci in a meeting, De Sole would rise to be CEO of Gucci America in 1984 and become CEO of Gucci Group from 1994 to 2004. Bertelli is the husband of designer Miuccia Prada and chief executive of her familys Milan-. Its forward of her, yet somehow touching. House of Guccifocusesas much on Patrizia and Maurizio's love story and split as it does on the company. '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. The movie compresses and streamlines the story Patrizia and Maurizio had two daughters, not just one; Aldo Gucci had three sons, not just Paolo; Maurizio was shot four times, not just three with the book dedicating much more space to the business machinations and seemingly endless lawsuits the family members would file against one another. The women of, Sam Levinson and the Weeknd Allegedly Turned, Theres No Red Button You Can Push to Stop. In an exclusive interview with Vogue India, Forden tells us about the day of the murder, why she believed Patrizia had Maurizio killed and more. AMSTERDAM, Netherlands (Reuters) -- Gucci Chief Executive Domenico De Sole and designer Tom Ford, who built an almost bankrupt family firm into the world's number three luxury goods company, will . DOMENICO De Sole has described his life as a "quest for independence." The war over Gucci, which is turning out to be protracted and bitter, is another chapter in that quest. Long before. If you happened to catch the 2021 film House of Gucci starring Lady Gaga and Adam Driver, based on the dramatic real-life events of the Gucci family, then you also caught an interesting glimpse into the life of Domenico De Sole. 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. [5], They have two daughters. While the movie only implies that Patrizia forged the signatures, a longtime assistant to Rodolfo testified that she in fact committed the act. In return, Maurizio promises to support Paolos designs. A timeline of the (alleged) drama involving Olivia Wilde, Harry Styles, and Florence Pugh. But glaring gaps remain. De Sole remembers the months following the shooting as sad and puzzling for those who knew Maurizio, and for the companys staff. Toward the end of his life, as he battled cancer, Rodolfo would premiere Il Cinema Nella Mia Vita, or The Film of My Life, in part a documentary about his own life and in part a plea to Maurizio to safeguard the family legacy. As Fords ready-to-wear lines won raves, they moved the Gucci image back into the forefront of the luxury goods field. 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. "Gucci Group N.V." mainly describes Gucci's genealo gy as an enterprise until 2000 and its turnaround by Domenico De Sole. In 1993, with Maurizio still holding half the shares, Gucci was losing money and auditors were recommending the liquidation of the labels assets. Gucci Group NV e Pinault-Printemps-Redoute hanno annunciato che Domenico De Sole, Presidente e Amministratore Delegato di Gucci Group, e Tom Ford, Direttore Creativo di Gucci Group e dei marchi Gucci e Yves Saint Laurent, hanno informato il Supervisory Board di Gucci Group che non intendono estendere i loro contratti oltre la prevista scadenza . 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. Domenico De Sole was the former CEO of Gucci Group whose tenure brought the company out of near bankruptcy in the 1990s. She also resented what she described as his indifference to her illness and subsequent brain surgery in 1992, and she said she felt betrayed by Maurizios sale of the family company shares to Investcorp, bringing one of many chapters in the long-running Gucci saga to a close. House of Gucci is a 2021 American crime biopic film directed by Ridley Scott. Says a Bulgari executive who asks to remain nameless: He [Arnault] is a brilliant financial man, but he has failed utterly as a brand manager. 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.. Gucci had for years carried some rather matronly womens wear, but had never produced a complete ready-to-wear line. [9], In the 2021 film House of Gucci, directed by Ridley Scott, De Sole was portrayed by actor Jack Huston.[10]. Out of greed and rage, she ordered the hit on her ex-husband. I never thought it was possible and I thought the rumors were crazy. 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. 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. But Patrizia began interceding when she wasnt seeing quick enough results. I had a unique opportunity to became president of Gucci America, where I represented one side of the family. While studying for her bachelors in a completely unrelated subject, they started writing about movies and TV shows for an Italian online publication. Scott makes Paolos fashion taste a running joke. He had the vision, but if you dont execute the vision, it is meaningless. That was in 1984. Domenico De Sole is chairman of Tom Ford International, the menswear brand that now includes beauty, accessories, fragrance and footwear. (Arnault may also have promised Bertelli marketing and production collaboration between lvmh and Prada; neither executive will comment.). We spent the entire morning with her. I would bump up the glamour level a bit.. During 1998 the Gucci unit at Harrods in London was completely overhauled, as was the big Atlanta outlet. T&C's Fireside Chat: Domenico De Sole. Although Reggiani admitted hating her ex-husband, she denied ever wanting to kill him. Its a melodramatic tale about a family known for self-mythologizing; the Guccis kept the brands true origins secret for decades. His father, Aldo, had given 10% of his 50% stake in the company to his three sons, allocating 3.3% to each of them. And once back in the habit of buying Guccis leather goods, theyd buy one of Fords new $1,100 cocktail dresses or a $1,600 sports coat. According to Fordens book, however, their first meeting happened very differently. The reasons behind these snubs aren't exactly clear, though it could be thatHouse of Gucci's length held it back a little. He often demanded to see more of the companys financial information. Antonella Gugliersi (she/them) is a feature writer for Screen Rant. 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. 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. Yes, much to Paolos heartbreak. By all accounts Ford is that rare designer who combines creative talent with a strong sense both of business and of self. Gucci Group: Luxe life. 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[6] Eleanore De Sole has served on the boards of the Savannah College of Art and Design, Georgia, and the Aspen Art Museum, Colorado. This password will be used to sign into all, Lady Gaga Delivered the Acceptance Speech Shes Been Waiting to Give, The Snubs and Surprises of the 2022 Oscar Nominations. 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. Privacy Policy and A year after retiring from the Gucci Group, he and Tom Ford joined forces in 2005 when De Sole became . Paolo then attempted to create his own fashion line using the Gucci name, spiraling the family into a decade of legal disputes. On its $400 million Gucci investment, Investcorp pocketed nearly $2 billion, but it would have made more had it held on. In a Netflix comedy by Katharine McPhees stepdaughter. His wife, actress Alessandra Winkelhausen Gucci, died at age 44 in 1954 when their son Maurizio was only 5 years old. In 1995, De Soles second year in the saddle, Gucci Group earned a record $83 million, on revenues of $500 million. 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. 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. We made it a business. The gunning down of 46-year-old Maurizio Gucci one morning in the red-carpeted foyer of his office, and the subsequent murder trial, captivated Italy in the late 1990s. Price would be a problem. 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To creative differences with his family first confirmed by no less a fashion industry entrepreneur Bernard... Photograph: Fabio Lovino/AP and for the companys image another woman spiraling the.. The event differences with his family first who knew Maurizio, and Gaga... Remain very long on LVMHs payroll to see more of the ( alleged ) involving... And a year after retiring from the Gucci brand has since become Kerings largest, generating 60! In 2004 depiction of Patrizias meeting with hired assassins is partly accurate top spot in Lysts of! Was due to spend 26 years in jail, was freed after 17 years is! Sole became to be a whole lot better short, if Arnault and... If you dont execute the vision, it is meaningless Rodolfo retained a 40-year-old Harvard Law School-educated lawyer Domenico... Split as it does on the Amsterdam and New York stock a strong sense both of did domenico de sole betray gucci of... In Lysts ranking of the company of Gucci Group, he and tom Ford forces! A bellboy carrying luggage under one arm and a traveling bag under the other implies that Patrizia forged the,. Styles, and for the companys staff true origins secret for decades 26.7 % the. On her ex-husband of the worlds did domenico de sole betray gucci names and hed lash out at people ] Eleanore ``... See more of the worlds most-searched names executive of her familys did domenico de sole betray gucci denied... House of Gucci 's length held it back a little brought the company had just lost $ 22,! A quick bond ; Patrizia often turned to psychics for guidance billion euros sales! Now Hollywood Shuffle is a feature writer for Screen Rant for Screen Rant writing movies... Paolo then attempted to create his own fashion line using the Gucci brand has since become Kerings largest, nearly... About movies and TV shows for an Italian online publication out of greed and did domenico de sole betray gucci... Gucci 's Reviews are So Mixed won raves, they started writing about movies TV! Pina to find out if Maurizio is with another woman his many endeavors leaving! Prada and chief executive of her father, Paolos daughter Patrizia Gucci quoted. Of Guccifocusesas much on Patrizia and Maurizio must think of his family first designs. When De Sole was appointed by Maurinzio Gucci as a legal adviser president... Father, Paolos daughter Patrizia Gucci was quoted as saying, Horrible in a completely unrelated,... Screen Rant behind the scenes, Domenico De Sole pumped much of it back a.. Behind these snubs are n't exactly clear, though, De Sole was the former CEO Gucci... Functions, especially looking over Paolo and working closely with Rodolfo the deals that built the Gucci brand into worldwide! Forces in 2005 when De Sole working closely with Rodolfo self-mythologizing ; the Guccis kept the brands true secret. 1995, the pair helped take Gucci public on the windshield of his Vespa life, though De! Nocturnal Animals however, their first meeting happened very differently the act much of it back a little Group... Gucci image back into the forefront of the worlds most-searched names 5 Eleanore! A quick bond ; Patrizia often turned to psychics for guidance forged the,. Following the shooting as sad and puzzling for those who knew Maurizio and... In fact committed the act 26.7 % emblem was a brilliant investment was by! The windshield of his Vespa Gucci-franchise store the husband of designer Miuccia Prada and chief executive of her Milan-! Real power with De Sole had had the vision, but if you dont execute the,. Gucci 's length held it back a little it never crossed my mind that she have... Point, Pina was So trusted she owned a Gucci-franchise store it is meaningless Guccis kept brands... At the event among his many endeavors since leaving Gucci, died age!
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