In 2017, the Italian fashion company Guccio Gucci S.p.A. reported a net profit worth approximately 57 million euros. This figure represented an increase of over 6 million euros compared to the previous year, when the company registered a net profit of 51 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 eight billion euros worth of revenues in 2018 and was valued at almost 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.
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 eight billion euros worth of revenues in 2018 and was valued at almost 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.
