In 2019, the Italian fashion company Guccio Gucci S.p.A. reported a net profit worth just over two billion euros. This figure represented a substantial increase compared to the previous year, when the company registered a net profit of approximately 72 million euros.
An Italian success story
The numbers shown in this graph only refer to the net profit of the company’s Italian subsidiary located in Florence. In the meantime, the Gucci brand, now owned by the Kering Group, generated over 9.6 billion euros worth of revenues in 2019 and was valued at over 11 trillion euros in the same year.
Foreign groups shopping for Italian brands
Acquired by Kering Group in 1999, Gucci was one of the first Italian luxury brands to be sold to larger international corporations. Thanks to several strategic acquisitions over the course of its history, the Group has become a superpower in the luxury sector, ranking second among the leading luxury companies in terms of global sales.
Net profits and losses of the Italian luxury fashion company Guccio Gucci in 2014 and 2019*
(in million euros)
*Data referred to 2014 and 2017 were collected from previous publications.
Figures were rounded. No exact date of release was provided by the source. In this statistic, date of access is used in lieu of date of release.
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Report Aziende . (June 28, 2021). Net profits and losses of the Italian luxury fashion company Guccio Gucci in 2014 and 2019* (in million euros) [Graph]. In Statista. Retrieved June 25, 2022, from https://www.statista.com/statistics/677378/net-profits-losses-of-italian-company-guccio-gucci/
Report Aziende . "Net profits and losses of the Italian luxury fashion company Guccio Gucci in 2014 and 2019* (in million euros)." Chart. June 28, 2021. Statista. Accessed June 25, 2022. https://www.statista.com/statistics/677378/net-profits-losses-of-italian-company-guccio-gucci/
Report Aziende . (2021). Net profits and losses of the Italian luxury fashion company Guccio Gucci in 2014 and 2019* (in million euros). Statista. Statista Inc.. Accessed: June 25, 2022. https://www.statista.com/statistics/677378/net-profits-losses-of-italian-company-guccio-gucci/
Report Aziende . "Net Profits and Losses of The Italian Luxury Fashion Company Guccio Gucci in 2014 and 2019* (in Million Euros)." Statista, Statista Inc., 28 Jun 2021, https://www.statista.com/statistics/677378/net-profits-losses-of-italian-company-guccio-gucci/
Report Aziende , Net profits and losses of the Italian luxury fashion company Guccio Gucci in 2014 and 2019* (in million euros) Statista, https://www.statista.com/statistics/677378/net-profits-losses-of-italian-company-guccio-gucci/ (last visited June 25, 2022)