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 . During his time as Gucci's creative director, the company saw 1,200% growth in sales - nearly $3 billion, according to Forbes. 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. Leaving Gucci in Style. One of his clients in the early 1980s was Gucci, where he helped with corporate restructuring, and Rodolfo Gucci, a son of the founder Guccio Gucci, enticed De Sole to join in 1984 as CEO of Gucci America. The real-life scandal that ensued after Maurizio's assassination in 1995, which profoundly shook Italian society at the time, is the center of attention of the movie. [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. Scott makes Paolos fashion taste a running joke. Things you buy through our links may earnNew Yorka commission. 29, 1995, Maurizio Gucci had done a pretty good job of running into the ground the luxury goods company founded by his grandfather. I told the police, It sounds like a soap opera! But, still, I couldnt figure out who could have killed him, or who would want to kill him, said De Sole. did domenico de sole betray gucci. Theres no way anybody else could have given him that shoe, except Maurizio. On Jan. 19 Arnault bought another 6% of Gucci from Chicago-based Harris Associates Oakmark Select Fund. HISTORY 1970s: an internal crisis wracked the firm 1980s: block venture and lawsuits flew back and forth . Rodolfos death from pancreatic cancer caused great upheaval at Gucci. In an interview with Vulture, Bentivegna revealed that he invented the revelatory scene. At a March 1986 launch party in Rome, judicial police burst in to commandeer the collection, sending guests fleeing with Champagne glasses still in hand. Gucci's production volume increased 277% and it was a huge success for Gucci. Domenico De Sole will also leave at the expiration of their contracts in April 04. The women of, Sam Levinson and the Weeknd Allegedly Turned, Theres No Red Button You Can Push to Stop. Domenico De Sole is chairman of Tom Ford International, the menswear brand that now includes beauty, accessories, fragrance and footwear. Maurizio Gucci, the First to Dream of a Gucci Luxury Powerhouse, Breaking Down Lady Gagas and Adam Drivers Approaches to Style for House of Gucci, Sign up for WWD news straight to your inbox every day. 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. Password must be at least 8 characters and contain: As part of your account, youll receive occasional updates and offers from New York, which you can opt out of anytime. It unfortunately, however, did not happen. Pina receives a vision of the Gucci heir with his lover, Paola Franchi, causing Patrizia to spiral into grief. Tom Ford first came to Gucci in 1990, when the American-born designer moved to Milan. According to Fordens book, however, their first meeting happened very differently. Gucci Group: Luxe life. Reggiani, who was due to spend 26 years in jail, was freed after 17 years. Domenico De sole - CEO of Gucci Group 2. 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). If I had to come up [6] De Sole stepped down November 2019 following the sale of the company. Rather, the collections are produced as media circuses, designed to bring brand names, supermodels and Bentleyloads of celebrities before the paparazzi and the public. 2023 Fairchild Publishing, LLC. In a Netflix comedy by Katharine McPhees stepdaughter. [9], In the 2021 film House of Gucci, directed by Ridley Scott, De Sole was portrayed by actor Jack Huston.[10]. We see the dynasty-splitting spats between Maurizios free-spending uncle Aldo (Al Pacino) and his offish cousin Paolo (Jared Leto) and, finally, Maurizios own bloody downfall. Maurizio escapes across the Swiss border on a motorcycle. 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. Covering Rammsteins Du Hast in Berlin. But by 1994, Maurizio planned to marry Franchi. 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. By Robin Givhan. We witness their first meeting and the moment when Maurizios skeptical father Rodolfo (Jeremy Irons) disowns him for marrying her. 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?). Reeve Carney attends the House of Gucci New York premiere at Jazz at Lincoln Center. A kind of virtuous cycle was begun. 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. Maurizio would win the battle against his uncle, briefly controlling Gucci. On an emotional level, it was a horrible thing to have happened, and very sad.. 64 Gucci Domenico De Sole Photos and Premium High Res Pictures - Getty Images Images Creative Editorial Video Creative Editorial FILTERS CREATIVE EDITORIAL VIDEO 64 Gucci Domenico De Sole Premium High Res Photos Browse 64 gucci domenico de sole stock photos and images available, or start a new search to explore more stock photos and images. 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. Read on for excerpts of the interview. Its fitting that Ridley Scotts House of Gucci has a title card that reads inspired by the true story. The Gucci family themselves had long been careful mythmakers and shapers of the companys image. She was released from prison in October 2016. In the film, pushed by a manipulative Patrizia, Maurizio makes a pact with Paolo: If his cousin throws in his support, the pair will push Aldo out of the company and take over Gucci under the name Gucci Licensing Services. He was inconsolable.. The GG logo whether it was real or knockoff, it was literally everywhere. Maurizio's cousin Paolo's flamboyant fashion sense is matched by the wonderful pasha interior of his Porsche 924. Patrizia instantly recognized Maurizio. As upmarket shoppers again frequented Gucci stores looking for Fords clothes, theyd pick up a new pair of $295 loafers or another $600 handbag. Rihanna to the Rescue? Sole Domenico De is the Director of Newell Brands Inc and owns about 53,469 shares of Newell Brands Inc (NWL) stock worth over . 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. The first half of House of Gucci focuses mostly on the couple, then integrates their relationship into the rest of the family workings, showing Gagas Patrizia very keen on convincing Drivers Maurizio to be part of the family business. 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. 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. The true story is that it wasn't a fashion show that was stopped like in House of Guccibut a handbag launch. He filed for bankruptcy in 1993 and died in London in 1995. In a 2004 interview, on the day he left Gucci for good, De Sole told WWD his expectations for the company were never that grand. Chris Pine finally sets the record straight, Before and after photos from space show storms effect on California reservoirs, Dramatic before and after photos from space show epic snow blanketing SoCal mountains, The chance of a lifetime: Five friends ski the tallest mountain in Los Angeles, Shocking, impossible gas bills push restaurants to the brink of closures, Oscars diversity improved after #OscarsSoWhite, study shows. And it makes Domenico De Sole, chairman and chief executive officer of the Gucci Group, seem like a miracle worker. House of Gucci (2021) Jack Huston as Domenico De Sole. Having been convicted for her role in securing the assassins who would kill Maurizio, Auriemma was sentenced to 25 years in prison. Paco Rabannes Fall Lineup Strikes Red Carpet Gold, Recent Retail Thefts a Concern for N.Y. We just want to dive into a pool without having to hold onto our bottoms. The estimated net worth of Sole Domenico De is at least $3 Million dollars as of 2023-02-25. Published by at 21. aprla 2022. Scott plays the moment as the ultimate betrayal. In 1921, he moved to Florence to start a small leather company. 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. Patrizia is furious that Maurizio didn't have the. Thats business we can have.. Adam Driver, Jared Leto, Al Pacino and Jeremy Irons also star in the directors second epic drama of the year, following The Last Duel.. De Sole has said he wants to spend more time with his wife and two teenaged daughters who live in the Washington, D.C., area, and sailing his 20-meter sailboat, moored in Chesapeake Bay. Laura De Sole, Vice President, La Mer Global Product Marketing at The Este Lauder Companies, married Benjamin Baccash in 2013. [5], They have two daughters. Domenico De Sole, former president and chief executive officer of Gucci Group, recalls the aftermath of Maurizio Gucci's death and his impact on the company. 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. Maurizios father, Rodolfo, never trusted Patrizia. According to the companys latest report, De Sole, Ford and other Gucci executives held options on nearly 3 million Gucci shares; at the current stock price, those options would be in the money to the tune of around $100 million. Gucci's success at selling an elaborately crafted fantasy of sex and wealth is . Domenico De Sole, former president and chief executive officer of Gucci Group, recalls the aftermath of Maurizio Gucci's death and his impact on the company. Vanessa Bryant Settles Helicopter-Crash Photo Lawsuit for $28.85 Million. Investcorps then-CFO came into my office in despair. Better yet, De Sole was able to use Guccis strong cash flow to buy in several franchisees in Guam, South Korea and Taiwan at very attractive prices and to renegotiate expensive leases in Hong Kong and elsewhere. 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. 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? Maurizios original decision was a winning one, and would eventually inspire other heritage brands, notably Burberry, to hire a retailer, stylist or fashion insider and to do a Gucci style revival. Rather, its a very good invention by Leto and will probably become a mainstay pop-culture reference. In real life, though, De Sole had had the Gucci family as a client for years, helping them through their restructuring. Grouses De Sole, who thinks Arnault might have had the courtesy to tell him he was interested in Gucci: The guy [Arnault] just asked himself over to dinner without calling first.. Categories . In 1981, they had another daughter, Allegra Gucci, but she was not portrayed and never mentioned in the movie. He had long wondered aloud how Gucci was making record profits but had so little in its coffers. Maurizio actually dissolved his partnership with Paolo before a 1986 board meeting, leading his cousin to launch a new line of handbags and other designs under his PG label. Email Bio Follow . Early life [ edit] Domenico De Sole was born in Rome, Italy in 1944, the son of a Royal Italian Army General. Following their divorce, Patrizia was given a hefty alimony by her ex-husband. We could piggyback the Gucci name on to the coverage of the fashion shows. Yes, much to Paolos heartbreak. Over the last four years Gucci has spent over $200 million to buy out franchisees, open new Gucci-operated stores and refurbish older ones. 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. As president and CEO of the Gucci Group, Domenico De Sole LL.M. [5] During his tenure De Sole guided the brand from near bankruptcy to a luxury conglomerate that included Yves Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Stella McCartney, and Sergio Rossi. 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. Arnault is chairman and controlling shareholder of $7.8 billion (estimated 1998 revenues) lvmh, the Gallic luxury goods company whose brands include Dior, Givenchy, Lacroix, Cline, as well as Mot et Chandon champagne, Hennessey cognac and Guerlain perfume and cosmetics. In the years since her release, Reggiani seemingly cant help but find her way back into the spotlight. Now Hollywood Shuffle is a classic, Remember that Harry Styles Spitgate drama? I would be doing the same thing if I were making that movie. The pair, however, didnt first meet through a hotline phone call. In 1993, with Maurizio still holding half the shares, Gucci was losing money and auditors were recommending the liquidation of the labels assets. 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. The final hour of House of Gucci covers his fall and his divorce from Patrizia. 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