While the stock market thought Asia would buffet Gucci, Patrizio Bertelli could see that De Sole and Ford had their ship in splendid trim. She blamed Maurizio for abandoning her in 1985 and divorcing her six years later. 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. Maurizio made the first move after exclaiming to a friend that Patrizia looked like Elizabeth Taylor. Yes. He is a lawyer by training, but made the transition to the fashion business when Gucci -- one of his clients -- hired him to join the company. 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. But that's really just the tip of the iceberg. Toward the end of the podcast . In the third quarter of 2020, the brand reclaimed the top spot in Lysts ranking of the worlds most-searched names. You\'ll receive the next newsletter in your inbox. Investcorps then-CFO came into my office in despair. stalker into a crazed, bloodthirsty killer. De Sole later became chief executive officer of Gucci America Inc. De Sole said in the months following the murder he was interviewed by police multiple times, and had also listened to the rumors flying around Milan that the killer might have been Maurizios ex-wife. In an interview with Vulture, Bentivegna revealed that he invented the revelatory scene. . 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. 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. 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. Beneath all the hoped-for synergies and public expressions of mutual admiration, however, it is hard to imagine that Arnault and the De Sole/Ford team could live very productively under one corporate roof. Gucci could sell its goods through hundreds of lvmh outlets. 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. You may occasionally receive promotional content from the Los Angeles Times. It is called 'doing a Gucci' after Domenico De Sole and Tom Ford's stunning success at turning nearly bankrupt Gucci Group into a 7 billion (10 billion) (market capitalization) fashion powerhouse. They tends to like blockbuster movies and indie films alike, depending on the mood. Star Wars and the MCU have dominated years of their life. That this was a brilliant investment was confirmed by no less a fashion industry entrepreneur than Bernard Arnault. Not surprisingly, then, when Asias financial crisis erupted in the summer of 1997, the stock fell steadily from around $70 a share to $30 in mid-November, and limped through most of last year in the 40s. Passion and obsession intertwine in Fire of Love, With characters wise and reassuring, animated short The Boy, the Mole comforts, The prosecutor, and the actor who plays him, on taking down Argentinas military regime. 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. According to Fordens book, the two actually met at a health spa in Ischia when Patrizia was there with Maurizio, and the two women became fast friends. 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. '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 Weeknd responded to a Rolling Stone story claiming the show is a rape fantasy with a clip of his character calling the mag irrelevant. House of Guccifocusesas much on Patrizia and Maurizio's love story and split as it does on the company. The younger Gucci wanted to create a line of cheaper products for a younger, hipper clientele. Did Cirie go too far by bringing family matters into the game? April 21, 2022 . Related:Every Ridley Scott Movie Ranked From Worst To Best (Including House of Gucci). It was Ford telling him that Reggiani had been arrested in connection with the murder but he still couldnt believe it. 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. House of Gucci Left Out Allegra Gucci He is a lawyer by t. 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. The screenplay is credited to Becky Johnston and Roberto Bentivegna, from a story by Johnston that adapted Sara Gay Fordens 2000 book House of Gucci: A Sensational Story of Murder, Madness, Glamour and Greed. (Have many other films taken a books subtitle so strongly as a directive?). 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. As Gucci began to disintegrate in early 1994, Investcorp bought the other half, bid ciao to Maurizio Gucci and a stroke of genius born of desperation . Price would be a problem. 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. 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. Despite Positive 2022, Puma Urges Caution for2023. 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 . And it makes Domenico De Sole, chairman and chief executive officer of the Gucci Group, seem like a miracle worker. Having created an immensely valuable franchise out of ashes, De Sole is not likely to take orders from Arnault, five years his junior. A very nasty fight erupted over Gucci Americas head designer, a gifted young Texan named Thomas Ford. House of Gucci (2021) Jack Huston as Domenico De Sole. Having since served on the boards of numerous other companies, De Sole currently lives in South Carolina. On March 27, 1995, Maurizio the family dynasty's final leader was shot dead. Santo Domenico Versace attends the premiere of "Milano: The Inside Story Of Italian Fashion" in Milan. This was before we had begun to roll, when we were largely in the planning stages. 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.) Maurizio's cousin Paolo's flamboyant fashion sense is matched by the wonderful pasha interior of his Porsche 924. Auletta severed ties with her. 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. In . [5] Eleanore Richards "Rickie" De Sole, Executive Fashion Director Vogue.com, married Derek Webster in 2012. At Rodolfo's urging, De Sole later joined the Gucci company, but he did so only in 1984, 12 years after Maurizio started in the family business. 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. Thats business we can have.. It was Maurizio, with backing from his then-minority shareholder Investcorp, who hired Dawn Mello, formerly president of Bergdorf Goodman, to revitalize the brand as its creative director. And as much as each of the . She claims she is destitute, living in her mothers villa near the Milan courthouse where she was tried and sentenced. Domenico de Sole (Jack Huston) Gucci family advisor Domenico is another Porsche fan, turning up Aldo wove a complex web of companies, subsidiaries and franchises to license out the Gucci name for other products besides its signature leather goods, creating a vast engine for profits. The final hour of House of Gucci covers his fall and his. Domenico De Sole, Tom Ford International. did domenico de sole betray guccioven drawing with parts. Beyond that, I didnt know. By all accounts Ford is that rare designer who combines creative talent with a strong sense both of business and of self. Paolo Gucci (Jared Leto) MGM. 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? Alessandra Gucci's birth marks an important moment in the movie's story, as it happens around the same time Driver's Maurizio begins to work for the family business. The Gucci brand has since become Kerings largest, generating nearly 60 percent of revenues in 2020 with 7.44 billion euros in sales. To everyones surprise, De Sole, who was born in Rome and educated at the University of Rome before winning a scholarship to Harvard Law, took Gucci up on the offer. But by 1994, Maurizio planned to marry Franchi. By Samantha Conti March 27,. 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. Maurizios father, Rodolfo, never trusted Patrizia. The films depiction of Patrizias meeting with hired assassins is partly accurate. The owners are Domenico De Sole and his wife, Eleanore. Pinault Printemps-Redoute (Paris), which took control of the Gucci Group two years ago, announced that it had been . It was very, very upsetting. The actor is known for films like Kill Your Darlings, American Hustle, Ben-Hur, the TV series Fargo, Boardwalk Empire, and The Irishman. The problem with Maurizio was discipline and execution he couldnt do it. But Maurizio double-crosses an Paolo and arranges for police to shut the show down midway through for breach of contract. However, that was not what happened in real life. In October 1997 De Sole took another big step toward building the Gucci brand when he agreed to pay $170 million for Switzerlands Severin Montres, the longtime supplier of Guccis watches. Upon being offered a pardon from prison on a work-release program in2011, Reggiani told the judge, "I've never worked in my life; I won't start now." According to a recent story in the Hollywood Reporter, it was Pinault who gave the production permission to use the Gucci name and access to the companys archives. Since 1997, when she took over, Rose Marie Bravo's makeover of the 143-yearold Burberry brand followed the same path. Per Forden, Patrizia and Maurizio first met the Neopolitian-native Pina at a health spa in Ischia, an island off the coast of Naples. On Jan. 19 Arnault bought another 6% of Gucci from Chicago-based Harris Associates Oakmark Select Fund. Next:Why House of Gucci's Reviews Are So Mixed. During these years, there were creative tensions between Ford and Maurizio Gucci, the company's chairman and 50% owner. But many felt Ferrs sin lay in an unwillingness to kow-tow to Arnault. to-wear shows. Paolo Guccihad been given a chance to design a handbag collection, but Maurizio reneged on the copyright the day before the launch. 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. The fashion heir, nevertheless, finds her attractive. 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. I still feel offended.. In real life, Alessandrawas also to thank for the reconciliation between Rodolfo and Maurizio, but she wasn't the only daughterborn to Maurizioand Patrizia. The film ends with a card that carefully acknowledges the companys current leadership, and also notes that it currently has an estimated value of $60 billion far beyond the scale of the company during the time depicted in the story. 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. It never crossed my mind that she could have killed him, said De Sole. 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