Although by then Maurizio was on the verge of selling all of his shares to Investcorp and exiting the company, his legacy loomed large. 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. [6], De Sole and his wife Eleanore Leavitt De Sole live on Hilton Head Island in South Carolina. Look at Armani, says Ford. During his time as Gucci's creative director, the company saw 1,200% growth in sales - nearly $3 billion, according to Forbes. She was released from prison in October 2016. In 1993, with Maurizio still holding half the shares, Gucci was losing money and auditors were recommending the liquidation of the labels assets. Jack Huston stars as Domenico De Sole and Lady Gaga as Patrizia Reggiani in Ridley Scotts House of Gucci., Do Not Sell or Share My Personal Information, Review: Lady Gaga brings down the House of Gucci in Ridley Scotts lavish couture-clash drama, Jena Malone says Hunger Games co-worker sexually assaulted her: a traumatic event, Review: The gorgeous new movie Pacifiction will hypnotize you. This years additions will include a 650-square-meter flagship store in Central Tokyos superchic Aoyama district and a store nearly twice that size in the commercial Shinjuku quarter. 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. This year will see the upgrading of stores in New York, Verona, San Francisco, Brussels, Paris and of Guccis original store in Milan. During 1998 the Gucci unit at Harrods in London was completely overhauled, as was the big Atlanta outlet. But in reality, Paolo wasnt manipulated into doing it. If no deal emerges, Guccis stock will probably drift down a bit (its Drs were $70 each on Jan. 20), but it wont collapse. Paolos catchphrase in the movie, used to express any dissatisfaction and uttered like a light tap to the gut, is a short Boof! Theres no indication Paolo ever used the phrase. The true story is that it wasn't a fashion show that was stopped like in House of Guccibut a handbag launch. 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. As the companys success grew, he eventually opened a store in Rome for his sons Rodolfo, Aldo, and Vasco to run. Domenico De Sole (born 1944) is an Italian[1] businessman, chairman of Tom Ford International, current director of Acamar Partners,[citation needed] former chairman of Sotheby's, and former president and CEO of Gucci Group. Who doesnt make mistakes?. In Fordens book, as Maurizio rises in the company, his own father, Rodolfo, tells Patrizia, Once he gets money and power, he will change. Those words would prove prophetic, as Maurizio would ultimately maneuver his own family members from the company. In the movie, Patrizia calls psychic Pina Auriemma one night after seeing her on television. [6] Eleanore De Sole has served on the boards of the Savannah College of Art and Design, Georgia, and the Aspen Art Museum, Colorado. Maurizio tried consolidating power with the help of Investcorp, which provided the equity Maurizio lacked by freezing out his uncle Aldo. Money? De Sole considers this last kind of door especially important in managing the Gucci brand. Yes. 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. To harness the Milan shows publicity, Ford began designing collections for women and men for Milans semiannual ready-. With Patrizias voice echoing back from the TV, she and Pina seem to share a telepathic connection. Magnelia thinks Arnault and his stockholders or bankers could not swing the deal without De Sole, Ford and other senior Gucci management. turned to De Sole to rescue the company. 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. De Sole massively reduced huge amount of distribution channel and emphasized on strengthening the network of directly operated stores. His lavish spending and lackluster management left the company in a precipitous position when he finally relinquished control. Related:Every Ridley Scott Movie Ranked From Worst To Best (Including House of Gucci). In 2014, she said, I still feel like a Gucci in fact, the most Gucci of them all. She also recently expressed dismay to the Italian press over the fact that Lady Gaga had not reached out to speak to her prior to filming. In . Rihanna to the Rescue? doors, as De Sole calls them. 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. De Sole promptly promoted protg Tom Ford to Guccis head designer. gucci sexiness hoodie; when the night falls by moonlight. Antonella Gugliersi (she/them) is a feature writer for Screen Rant. For some time, Patrizia had toyed with the idea of murdering Maurizio. In early January, Arnault terminated negotiations with the cosmetics and perfumes division of French pharmaceuticals group Sanofi, which controls Yves Saint Laurent. We witness their first meeting and the moment when Maurizios skeptical father Rodolfo (Jeremy Irons) disowns him for marrying her. Nov. 5, 2003. House of Guccifocusesas much on Patrizia and Maurizio's love story and split as it does on the company. Patrizia instantly recognized Maurizio. 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. Per Forden, Patrizia and Maurizio first met the Neopolitian-native Pina at a health spa in Ischia, an island off the coast of Naples. Reeve Carney attends the House of Gucci New York premiere at Jazz at Lincoln Center. ' 72 has taken the well-known fashion house from the brink of collapse to its current position as an $8 billion industry titan. Memories of Maurizio faded and gave way to Guccis newfound popularity, and surging sales. In reality, Maurizio started working for Gucciof his own accord in 1972. She was very gracious. Domenico de Sole (Jack Huston) Gucci family advisor Domenico is another Porsche fan, turning up He often demanded to see more of the companys financial information. Moore and G. Birtwistle, 2005) discusses Gucci Group's superiority as a conglomerate. They tends to like blockbuster movies and indie films alike, depending on the mood. At Rodolfo'surging, De Sole later joined the Gucci company, but he did so only in 1984, 12 years after Maurizio started in the family business. 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. 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. "Gucci Group N.V." mainly describes Gucci's genealo gy as an enterprise until 2000 and its turnaround by Domenico De Sole. 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 . Long wanting to be a designer himself, Paolo endlessly fought to use his own name on products, attempting to leverage the Gucci branding for his own ends. Beyond that, I didnt know. 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. Pacino crumples, imbuing the scene with all the acute hurt felt by Aldo. The reasons behind these snubs aren't exactly clear, though it could be thatHouse of Gucci's length held it back a little. That was in 1984. In 1993 the company had just lost $22 million, and 1994 wasnt going to be a whole lot better. Early life [ edit] Domenico De Sole was born in Rome, Italy in 1944, the son of a Royal Italian Army General. 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. 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. And Patrizia continued calling herself a Gucci. In 1994-95, the first professional managers' team took charge of Gucci group by Domenico De Sole as a CEO of the company and Tom Ford, creative director of the company. Once a bellboy at the Savoy Hotel in London, Guccio was inspired by the luxurious luggage of the upper-class guests to craft his own leather bags. 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April 21, 2022 . House of Gucci Left Out Allegra Gucci Theres no way anybody else could have given him that shoe, except Maurizio. His case was the only one to go to trial. I knew her very well, and I always had a very good relationship with her. In real life, though, De Sole had had the Gucci family as a client for years, helping them through their restructuring. Menu. PARIS: In news that shook the fashion world and brought to an end an expansive era in the luxury universe, Tom Ford and Domenico De Sole, the creative and management team behind . In 1983, Aldo Gucci, Maurizios uncle, had gotten into serious American tax trouble (Aldo was briefly imprisoned in the U.S.). 4. 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. All rights reserved. It was Ford telling him that Reggiani had been arrested in connection with the murder but he still couldnt believe it. A kind of virtuous cycle was begun. In 1987, Italian financial police came to apprehend Maurizio after Paolo accused him of illegal business dealings. Oscar Futures: Whos in the Lead As Voting Begins? Movies. did domenico de sole betray gucci did domenico de sole betray gucci. She was also friends with Orlando, who had described the Gucci successor to her the previous night. Aldo Gucci passed away on January 19, 1990 at 84 years old. 4 comments. Although Reggiani admitted hating her ex-husband, she denied ever wanting to kill him. 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. Maurizio would win the battle against his uncle, briefly controlling Gucci. 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. 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