Net profits and losses of Italian company Guccio Gucci in 2014-2020
In 2020, the Italian fashion company Guccio Gucci S.p.A. reported a net profit worth just over one billion euros. This figure represented approximately 47 percent decrease compared to the previous year, when the company registered a net profit of approximately two 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 9.7 billion euros worth of revenues in 2021 and was valued at over 15 billion 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 9.7 billion euros worth of revenues in 2021 and was valued at over 15 billion 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.
