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. When asked if De Sole had been consulted about the movie, he simply said "no." When asked where reality ends and fiction begins, he replied, "When you take a story over 15-20 years and . During 1998 the Gucci unit at Harrods in London was completely overhauled, as was the big Atlanta outlet. In an interview with Vulture, Bentivegna revealed that he invented the revelatory scene. Jack Huston: Domenico De Sole. De Sole tells a story to describe Guccis bleak picture when he and Ford took charge. De Sole was appointed by Maurinzio Gucci as a legal adviser, president and managing director of the company of Gucci America. When Paolo opened the shop for the handbags' launch, with customers present, the police stopped him from presenting the collection. His father, Aldo, had given 10% of his 50% stake in the company to his three sons, allocating 3.3% to each of them. Pinault Printemps-Redoute (Paris), which took control of the Gucci Group two years ago, announced that it had been . In 2004, Tom Ford and Domenico De Sole parted with Gucci group when they failed to agree with PPR over artistic control of the company. The film ends with a card that carefully acknowledges the companys current leadership, and also notes that it currently has an estimated value of $60 billion far beyond the scale of the company during the time depicted in the story. Losing them, Magnelia says, would cost too much in Guccis good will value. Publicly, Arnault gushes that De Sole is an excellent manager and Tom Ford an exceptional designer.. I ask forgiveness for all their mistakes. Seeing authorities at his doorstep, the head of Gucci boarded his red Kawasaki GPZ and sped away from his Milan home to his Swiss residence in Saint Moritz. In our case, the market treated Asia as if the continent were about to sink under the waters, like Atlantis, and us with it, grumbles De Sole, who says he was already battening down Guccis Asian hatches in April 1997. Forden's book . On paper, a full lvmh/Gucci merger makes some sense. Domenico De Sole, Tom Ford International. In Ridley Scott'sHouse of Gucci, Patrizia can be seen calling her future psychic and friend Pina (Salma Hayek) while the latter is working on live television. All Rights Reserved. When De Sole departed, revenues for all of Gucci Group which by then had expanded to include brands such as Yves Saint Laurent, Balenciaga, Alexander McQueen, Stella McCartney and Bottega Veneta were more than $3 billion. And Patrizia continued calling herself a Gucci. It was at Gucci that he met his current business partner, Domenico De Sole, then the company's CEO. But in real life, per Fordens book, Paolos sportswear collection was met with success. In 1995, the pair helped take Gucci public on the Amsterdam and New York stock. [4][2], De Sole worked for leading U.S. law firms before becoming a partner at the Washington DC firm Patton, Boggs & Blow, specializing in tax law. The actor is known for films like Kill Your Darlings, American Hustle, Ben-Hur, the TV series Fargo, Boardwalk Empire, and The Irishman. Reeve Carney attends the House of Gucci New York premiere at Jazz at Lincoln Center. We had to make the brand fly!. Its safe to assume Arnault has calls in to Templeton Investment Counsel, with 5.8% of Guccis stock; Capital Guardian Trust, with 5.2%; and Scudder Kemper Investments, with 4.4%. 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. It was Ford telling him that Reggiani had been arrested in connection with the murder but he still couldnt believe it. Sole Domenico De is the Director of Newell Brands Inc and owns about 53,469 shares of Newell Brands Inc (NWL) stock worth over . It was nominated for one Academy Award, Best Achievement in Makeup and Hairstyling, but ultimately lost (understandably) to another movie based on real life,The Eyes of Tammy Faye. Rodolfos death from pancreatic cancer caused great upheaval at Gucci. He left the label in 2004 and since then has launched his own Tom Ford line and is currently chairman of the Council of Fashion Designers of America. Still, the award for spilling the most tea goes to Domenico De Sole and Santo Versace, who beyond acknowledging the potential Versace-Gucci merger of 1997, reveal that the idea of a merger was . I still feel offended.. Domenico de Sole (Jack Huston) Gucci family advisor Domenico is another Porsche fan, turning up Guccis going to destroy us! he cried. It unfortunately, however, did not happen. 2023 Vox Media, LLC. While Maurizios 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. One of the more haunting scenes in Scotts epic involves Patrizia calling the psychic hotline of a television personality named Pina. I never thought it was possible and I thought the rumors were crazy. Contrasting pattern ensemble of blue striped blouse and geometric print coral pants from Guccis Spring/Summer 1996 collection by Tom Ford. 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. 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. 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. Aldo worked early on to spread the legend of the Guccis as noble saddlemakers. Oscar Futures: Whos in the Lead As Voting Begins? For all the control they exercise over Guccis products and image, De Sole and Ford cannot control the price of Guccis stock. When Patrizia and Maurizio were together, the Italian press dubbed her the Joan Collins of Monte Napoleone, referring to an upscale shopping street in Milan. Showing all 1 items Jump to: Photos (1) Photos . All rights reserved. Gucci now owns and operates 124 stores, twice as many as in 1995, and new ones are sprouting all the time in Milan, Vienna, Zurich, Hong Kong and Tokyo last year alone. During the trial, she would become The Black Widow. (She would also sometimes be referred to in the press as Lady Gucci, a prescient irony for the woman who would later be portrayed on screen by Lady Gaga.) He is the former empire builder and CEO of the Gucci Group. Get all the top news stories and alerts straight to your inbox. 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. In 1980, Aldo dismissed him from the company. 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Less than six years later Gucci Group, as the company is now called, is coining so much money from one of the planets hottest brand names that the company has become a takeover play. Its forward of her, yet somehow touching. That this was a brilliant investment was confirmed by no less a fashion industry entrepreneur than Bernard Arnault. On an emotional level, it was a horrible thing to have happened, and very sad.. gucci link to love bracelet. Both would be paid 600 million lire ($699,870, accounting for inflation). Gucci's production volume increased 277% and it was a huge success for Gucci. These are: franchised Gucci stores, duty-free shops and department store boutiques, and Guccis directly operated stores dos in the Gucci lingo. before pulling the trigger. Her all-time favorite TV shows are Sense8 and Brooklyn Nine-Nine, in which they find comfort when all else fails, and she believes sitcoms to be the cure for all ills. At Rodolfo's urging, De Sole later joined the Gucci company, but he did so only in 1984, 12 years after Maurizio started in the family business. 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. Played by Lady Gaga and Adam Driver, Patrizia and Maurizio are part of a constellation of characters in the movie, which also includes Maurizios father, Rodolfo (Jeremy Irons), his uncle Aldo (Al Pacino) and cousin Paolo (Jared Leto), among others. If no deal emerges, Guccis stock will probably drift down a bit (its Drs were $70 each on Jan. 20), but it wont collapse. Domenico De sole - CEO of Gucci Group 2. 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While Maurizio may have had the vision, he didnt have a grip on Guccis finances. Its a melodramatic tale about a family known for self-mythologizing; the Guccis kept the brands true origins secret for decades. Scott plays the moment as the ultimate betrayal. to-wear shows. Things werent going well, and hed lash out at people. Their sudden departure from the Gucci Group in April 2004 rocked the global fashion business. 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. [2], De Sole was president and CEO of Gucci Group from 1994 to 2004. If I see a collection, I can tell if it's a good collection.". In a later meeting between Aldo and Investcorp, Aldo instantly recognizes the pair, explaining that under the insole is a layer of gold leaf, a design embellishment only he knows about. During his time as Gucci's creative director, the company saw 1,200% growth in sales - nearly $3 billion, according to Forbes. Domenico De Sole was born in Rome, Italy in 1944, the son of a Royal Italian Army General. Bertelli is the husband of designer Miuccia Prada and chief executive of her familys Milan-. Maurizio would win the battle against his uncle, briefly controlling Gucci. I also didnt know the great job that Tom was going to do. based fashion company Prada. A lot of people at Gucci had known Maurizio since he was a kid, said De Sole, chairman of Tom Ford International and Sothebys, in an interview last week. Yes. Says a Bulgari executive who asks to remain nameless: He [Arnault] is a brilliant financial man, but he has failed utterly as a brand manager. On this Wikipedia the language links are at the top of the page across from the article title. HISTORY 1923: Florence, leather goods 1930s: Mussolini, new material, canvas, producing small leather goods, wallets and belts 1953-1973: more shops in USA ,Europe, Japan 3. Categories . Lady Gaga missed out on Best Actress, however, andHouse of Gucci did not rank among the films up for Best Picture, as seems to have been its intention. [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. From very little in 1994, Guccis communications expenditures advertising, mostly, and some public relations rose to $28 million in 1995, to $61 million in 1996, to $69 million in 1997 and exceeded $80 million last year. 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. The movie compresses and streamlines the story Patrizia and Maurizio had two daughters, not just one; Aldo Gucci had three sons, not just Paolo; Maurizio was shot four times, not just three with the book dedicating much more space to the business machinations and seemingly endless lawsuits the family members would file against one another. T&C's Fireside Chat: Domenico De Sole. As an Italian-born fashion mogul with a jet set lifestyle, it might seem unlikely that former Gucci CEO and current Tom Ford chairman Domenico De Sole would want to decamp to blue hair-friendly Hilton Head, S.C., but the sleek modern abode he and his wife built there is also highly dissimilar . By Samantha Conti March 27,. 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. This site is protected by reCAPTCHA Enterprise and the Google. The true story is that it wasn't a fashion show that was stopped like in House of Guccibut a handbag launch. If you want to get Domenico De Sole angry, call Gucci a retailing company. He and another Gucci executive, Allan Tuttle, visited Reggiani at her home on Milans Corso Venezia in the aftermath of the Maurizios death. 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. Email Bio Follow . Gucci Group: Luxe life. One of the tax attorney's clients in the early 1980s was the famed Gucci design family. Scott adorns the Machiavellian world of the Guccis with lavish gowns, glittering jewelry, and comical accents. Fords designs launched the hyper-luxe, oversexed style that revived the Gucci brand and turned it into an international powerhouse far beyond what it had ever been before. 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