It was likely Aldo Gucci who began the story that the family was descended from noble saddlemakers to the medieval courts, when his father and company founder Guccio Gucci actually began his. Bertelli will make around $140 million and hell earn a further premium if LMVH goes on to launch a full takeover bid for Gucci, which seems likely as this issue of Forbes Global goes to press. Before the control of De Sole and Ford, Gucci was everywhere. Nov. 5, 2003. She was also friends with Orlando, who had described the Gucci successor to her the previous night. '72", "Domenico De Sole's Latest Role: Chairman Of Sotheby's", "Sotheby's Sold for $2.7 Billion to French Media Titan Patrick Drahi", "Suit Against Knoedler Gallery Over Fake Rothko Continues After a Settlement", "Photos from House of Gucci Cast vs. Real Life", https://en.wikipedia.org/w/index.php?title=Domenico_De_Sole&oldid=1090921643, Articles with unsourced statements from January 2022, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 1 June 2022, at 04:46. Hired by Rodolfo Gucci after De Sole stood up to Aldo Gucci in a meeting, De Sole would rise to be CEO of Gucci America in 1984 and become CEO of Gucci Group from 1994 to 2004. [2], De Sole was president and CEO of Gucci Group from 1994 to 2004. "Gucci Group N.V." mainly describes Gucci's genealo gy as an enterprise until 2000 and its turnaround by Domenico De Sole. Trained at New Yorks Parsons School of Design in interior architecture, Ford started off in the spring of 1995 with a womens wear collection that featured dramatically asymmetrical lines and touches of color. This years additions will include a 650-square-meter flagship store in Central Tokyos superchic Aoyama district and a store nearly twice that size in the commercial Shinjuku quarter. In 1981, they had another daughter, Allegra Gucci, but she was not portrayed and never mentioned in the movie. Per Vultures interview with Bentivegna, the gold leaf was the screenwriters invention. As Gucci began to disintegrate in early 1994, Investcorp bought the other half, bid ciao to Maurizio Gucci and a stroke of genius born of desperation . In reality, Maurizio started working for Gucciof his own accord in 1972. The final hour of House of Gucci covers his fall and his. Domenico de Sole (Jack Huston) Gucci family advisor Domenico is another Porsche fan, turning up in his slick black 911 Targa. According to Mello, "Maurizio always wanted everything to be round and brown, and Tom wanted to make it square and black." Though Maurizio Gucci wanted to fire Ford, Domenico De Sole insisted that he remain. De Sole remembers the months following the shooting as sad and puzzling for those who knew Maurizio, and for the companys staff. Toward the end of his life, as he battled cancer, Rodolfo would premiere Il Cinema Nella Mia Vita, or The Film of My Life, in part a documentary about his own life and in part a plea to Maurizio to safeguard the family legacy. 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. When Investcorp head reveals the gold leaf, its a sign that Aldo has been betrayed by his nephew Maurizio. House of Guccialso showsDriver's Maurizio Gucci working at Patrizia's father's company for some timeas his own father is against his union with Patrizia. De Sole said Maurizio ordered him to fire the design staff, including Ford, but he refused. House of Gucci, Tom Ford and Domenico De Sole - Mimi Tang on the Italian luxury label's Asia success story | South China Morning Post Former Gucci Asia-Pacific head Mimi Tang talks about. If the Gucci family era of ownership of the Gucci business might be seen as a "Game of Thrones"/"Succession"-style battle, the Italian-born, Harvard-educated attorney Domenico De Sole. PARIS: In news that shook the fashion world and brought to an end an expansive era in the luxury universe, Tom Ford and Domenico De Sole, the creative and management team behind . Note, too, that Gucci is, as Magnelia puts it, one of the most profitable companies in the luxury goods business with net aftertax margins double those of Arnaults company. It was sensational fin. Email Bio Follow . In real life, though, De Sole had had the Gucci family as a client for years, helping them through their restructuring. While De Sole sees Gucci as a brand, the stock market has viewed it more as a retailer and one that in 1996 earned nearly half its operating profits in Asia. [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. If no deal emerges, Guccis stock will probably drift down a bit (its Drs were $70 each on Jan. 20), but it wont collapse. With the authorities tipped off by his own son Paolo, Aldo was sentenced to one year and one day for tax evasion in an American prison in 1986 at the age of 81. Maurizios father, Rodolfo, never trusted Patrizia. The youngest son of Guccio Gucci, Rodolfo Gucci was initially a film actor before joining the family business after WWII. He has previously served as a director of Gap Inc., Telecom Italia, Bausch & Lomb, Delta Airlines, Newell Brands and Procter & Gamble. Long wanting to be a designer himself, Paolo endlessly fought to use his own name on products, attempting to leverage the Gucci branding for his own ends. For nearly two years the identity of his killer remained a mystery, and when it was revealed that his ex-wife Patrizia Reggiani had hired a hit man to finish him off, the scandal failed to taint the business. On paper, a full lvmh/Gucci merger makes some sense. did domenico de sole betray guccioven drawing with parts. Gucci Group NV e Pinault-Printemps-Redoute hanno annunciato che Domenico De Sole, Presidente e Amministratore Delegato di Gucci Group, e Tom Ford, Direttore Creativo di Gucci Group e dei marchi Gucci e Yves Saint Laurent, hanno informato il Supervisory Board di Gucci Group che non intendono estendere i loro contratti oltre la prevista scadenza Beyond that, I didnt know. After secretly acquiring a 5%-plus stake in Gucci, Arnault in early January agreed to buy Bertellis Gucci stake for $398 million. In which case the chemistry would be bad not only between Arnault and De Sole but between Arnault and Tom Ford, too. 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. If I had to come up But thats not quite how the bad-faith dealing went down in real life. Not surprisingly, then, when Asias financial crisis erupted in the summer of 1997, the stock fell steadily from around $70 a share to $30 in mid-November, and limped through most of last year in the 40s. We spent the entire morning with her. Domenico De Sole, Self: Made You Look: A True Story About Fake Art. A true autocrat, the 50-year-old Arnault is unlikely to share any real power with De Sole. The estimated net worth of Sole Domenico De is at least $3 Million dollars as of 2023-02-25. Movies. 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. It is said that the last spring collection under the direction of Ford and De Sole was a critical and commercial success for Gucci. In the movie, Patrizia calls psychic Pina Auriemma one night after seeing her on television. DOMENICO De Sole has described his life as a "quest for independence." The war over Gucci, which is turning out to be protracted and bitter, is another chapter in that quest. 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.) 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. Dateline NBC's "Murder in the House of Gucci" airs Friday at 9. We just want to dive into a pool without having to hold onto our bottoms. [5], They have two daughters. PPR is a French multinational holding company specializing in retail shops and luxury brands that gained ownership of 60 percent of the Gucci Group's stock in 2003. 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. The financial police cited copyright issues and the unlawful practice of using the name Gucci without having the right to do so. With Rodolfos shares, Maurizio would have been Gucci's majority shareholder, but because Rodolfo never signed the paperwork, Maurizio would have had to pay a hefty inheritance tax. Next:Why House of Gucci's Reviews Are So Mixed. In the scene, he's biking around Quartiere Copped in Rome when someone drawshis attention by calling out, "Doctor Gucci!" In 1995, De Soles second year in the saddle, Gucci Group earned a record $83 million, on revenues of $500 million. 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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. Having been convicted for her role in securing the assassins who would kill Maurizio, Auriemma was sentenced to 25 years in prison. De Sole remembers the. However, this was a huge drawback for Gucci group because Tom Ford was once . His father, Aldo, had given 10% of his 50% stake in the company to his three sons, allocating 3.3% to each of them. 4. Out of greed and rage, she ordered the hit on her ex-husband. By all accounts Ford is that rare designer who combines creative talent with a strong sense both of business and of self. And it makes Domenico De Sole, chairman and chief executive officer of the Gucci Group, seem like a miracle worker. As Fords ready-to-wear lines won raves, they moved the Gucci image back into the forefront of the luxury goods field. While Maurizio's father, Rodolfo Gucci (Jeremy Irons), disowned him in real life, too, Maurizio never worked for Ferdinando Reggiani. Patrizia is defiant, and you can feel the disdain and bitterness shooting from Gagas teeth. In the years since her release, Reggiani seemingly cant help but find her way back into the spotlight. "You're creative or you're noncreative. The gunning down of 46-year-old Maurizio Gucci one morning in the red-carpeted foyer of his office, and the subsequent murder trial, captivated Italy in the late 1990s. It is based on the 2001 book The House of Gucci: A Sensational Story of Murder, Madness, Glamour, and Greed by Sara Gay Forden, itself based on real events. But Arnault could probably justify the price on the grounds that Gucci is debt-free, throws off close to $150 million a year in free cash flow and will throw off much more cash as the Asia storms abate. Per Fordens book, she proclaimed to a housekeeper, If its the last thing I do, I want to see [Maurizio] dead.. Bertelli is the husband of designer Miuccia Prada and chief executive of her familys Milan-. Arnault might have to pay close to $100 a share for the 44 million Gucci shares lvmh does not already own, bringing the total cost of the deal to around $5.4 billion. Upon his death, Aldo's will. 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. Per Forden, Patrizia and Maurizio first met the Neopolitian-native Pina at a health spa in Ischia, an island off the coast of Naples. House of Gucci Left Out Allegra Gucci The owners are Domenico De Sole and his wife, Eleanore. Ultimately, the 2022 Oscars were full of very strong contenders in almost every category, so the most likely explanation is thatHouse of Gucci, while a solid film, simply wasn't able to hold its own against the likes ofThe Power of the Dog,West Side Story, andKing Richard. 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. 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? Patrizia morphs from a (affectionate?) In real life, Alessandrawas also to thank for the reconciliation between Rodolfo and Maurizio, but she wasn't the only daughterborn to Maurizioand Patrizia. A television psychic by the name of Pina (Salma Hayek) plays a significant role. Aldo worked early on to spread the legend of the Guccis as noble saddlemakers. I knew her very well, and I always had a very good relationship with her. House of Gucciimplies Patrizia took care of it by forging Rodolfo's signature. But Paolo did suspect it was Maurizio who had called the authorities on him. 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. While Maurizio may have had the vision, he didnt have a grip on Guccis finances. These scenes depict Patrizia as an out-of-her-depth gold digger; she tries to make small talk with Maurizio but struggles to keep up when the conversation veers to something academic (you almost wonder what they ever talked about). After the death of Rodolfo in House of Gucci, lawyer Domenico de Sole (Jack Huston) can be seen talking with Maurizio and Patrizia about the inheritance. After successfully extricating his father (Aldo), Paolo announces a fashion show in which his partner, Jennifer Pudfoot, gives an operatic performance. It was at Gucci that he met his current business partner, Domenico De Sole, then the company's CEO. Yes, much to Paolos heartbreak. On this Wikipedia the language links are at the top of the page across from the article title. The pair, however, didnt first meet through a hotline phone call. Jared Leto, from left, stars as Paolo Gucci, Florence Andrews as Jenny Gucci, Adam Driver as Maurizio Gucci, Lady Gaga as Patrizia Reggiani and Al Pacino as Aldo Gucci in Ridley Scotts House of Gucci., Lady Gaga stars as Patrizia Reggiani in Ridley Scotts House of Gucci., Adam Driver stars as Maurizio Gucci in Ridley Scotts House of Gucci., Al Pacino stars as Aldo Gucci in Ridley Scotts House of Gucci., Jared Leto stars as Paolo Gucci in Ridley Scotts House of Gucci., (Fabio Lovino / Metro-Goldwyn-Mayer Pictures Inc.), Jeremy Irons stars as Rodolfo Gucci in Ridley Scotts House of Gucci., Camille Cottin stars as Paola Franchi in Ridley Scotts House of Gucci., Salma Hayek stars as Pina Auriemma in Ridley Scotts House of Gucci.. The younger Gucci wanted to create a line of cheaper products for a younger, hipper clientele. Domenico De Sole was born in Rome, Italy in 1944, the son of a Royal Italian Army General. He successfully crossed the border with his helmet on for fear of being identified. Impressed with his work, Rodolfo Gucci lured De Sole into the family's business . As a show of trust, Maurizio gifts the head of Investcorp a rare pair of Gucci shoes, originally designed for Clark Gable. Santo Domenico Versace attends the premiere of "Milano: The Inside Story Of Italian Fashion" in Milan. At one point, Pina was so trusted she owned a Gucci-franchise store. Tom Ford and Domenico De Sole, credited with turning around the fortunes of the fashion house of Gucci, have said they will be leaving the company. Vanessa Bryant Settles Helicopter-Crash Photo Lawsuit for $28.85 Million. Adam Driver as Maurizio Gucci, left, and Lady Gaga as Patrizia Reggiani in House of Gucci Photograph: Fabio Lovino/AP. [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. The GG logo whether it was real or knockoff, it was literally everywhere. In the third quarter of 2020, the brand reclaimed the top spot in Lysts ranking of the worlds most-searched names. In a Netflix comedy by Katharine McPhees stepdaughter. I would be doing the same thing if I were making that movie. On an emotional level, it was a horrible thing to have happened, and very sad.. The business original emblem was a bellboy carrying luggage under one arm and a traveling bag under the other. House of Guccifocusesas much on Patrizia and Maurizio's love story and split as it does on the company. That this was a brilliant investment was confirmed by no less a fashion industry entrepreneur than Bernard Arnault. Following the private screening of "The House of Gucci," Domenico De Sole was kind enough to join the SCAD community by participating in a Q+A session. In real life, Maurizio was not only suspected offorging Rodolfo's signaturebut was also tried and found guilty of the crime. But that's really just the tip of the iceberg. All Rights Reserved. A Q&A with Tom Ford's Domenico De Sole. In early January, Arnault terminated negotiations with the cosmetics and perfumes division of French pharmaceuticals group Sanofi, which controls Yves Saint Laurent. His vision led to creative differences with his family. "You can't make yourself creative," he said. Aldo wove a complex web of companies, subsidiaries and franchises to license out the Gucci name for other products besides its signature leather goods, creating a vast engine for profits. [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. 10 of 10 Camille Cottin as Paola Franchi. Reeve Carney attends the House of Gucci New York premiere at Jazz at Lincoln Center. Maurizio tried consolidating power with the help of Investcorp, which provided the equity Maurizio lacked by freezing out his uncle Aldo. Ford, who launched his own company in 2005 after leaving Gucci as well as . During these years, there were creative tensions between Ford and Maurizio Gucci, the company's chairman and 50% owner. In 1987, Italian financial police came to apprehend Maurizio after Paolo accused him of illegal business dealings. She proclaims that her marriage will not end, and Maurizio must think of his family first. I had been very, very close to Maurizios father Rodolfo. House of Gucci (2021) Jack Huston as Domenico De Sole. It was Ford telling him that Reggiani had been arrested in connection with the murder but he still couldnt believe it. We witness their first meeting and the moment when Maurizios skeptical father Rodolfo (Jeremy Irons) disowns him for marrying her. Using money whose source is something of a mystery (repeated calls to Bertelli went unanswered), last summer Bertelli quietly spent some $260 million to pick up nearly 6 million Gucci shares, 9.5% of the outstanding stock. Contrasting pattern ensemble of blue striped blouse and geometric print coral pants from Guccis Spring/Summer 1996 collection by Tom Ford. 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. 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. During his time as Gucci's creative director, the company saw 1,200% growth in sales - nearly $3 billion, according to Forbes. I think we caught everybody by surprise. 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. To everyones surprise, De Sole, who was born in Rome and educated at the University of Rome before winning a scholarship to Harvard Law, took Gucci up on the offer. Domenico De Sole took the stand in U.S. District Court in Manhattan on Wednesday, testifying in front of the fake Rothko that he purchased at the Knoedler Gallery in 2004 for $8.3 million.. House of Gucci. Chuckling, De Sole adds: We figured we had to do something quick and splashy, because if we didnt Investcorp would panic and sell out. But do what? His wife, actress Alessandra Winkelhausen Gucci, died at age 44 in 1954 when their son Maurizio was only 5 years old. Maurizio Gucci would go from reluctantly joining his family firm to ruthlessly ousting his relatives to enact the vision he was convinced would save the company. The real-life Maurizio did meet Patrizia by chance at a swinging disco birthday party thrown by his friend Vittoria Orlando on November 23, 1970. I liked the idea that maybe she is a fraud, except for that one time when Maurizios shagging the femme fatale, Franchi, and Pina gets a real message, a real psychic connection, he told us. I think you pull it, Joshua Jackson says to Lizzy Caplan sensually. did domenico de sole betray gucci did domenico de sole betray gucci. First she met Cicala in her car and then later at a bar. He and Patrizia split in 1985, when he supposedly packed a bag and had a friend tell her the next day that he wasnt coming back. 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. 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%. Do Not Sell or Share My Personal Information. 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 whole show is in a silly, goofy mood. 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.. Covering Rammsteins Du Hast in Berlin. In House of Gucci, De Sole is shown to have worked at the company long before Maurizio even considered joining. . His brother Rodolfo retained a 40-year-old Harvard Law School-educated lawyer named Domenico De Sole to handle the case. Robin Givhan. Goes Out newsletter, with the week's best events, to help you explore and experience our city. Jack Huston stars as Domenico De Sole and Lady Gaga as Patrizia Reggiani in Ridley Scotts House of Gucci., Do Not Sell or Share My Personal Information, Review: Lady Gaga brings down the House of Gucci in Ridley Scotts lavish couture-clash drama, Jena Malone says Hunger Games co-worker sexually assaulted her: a traumatic event, Review: The gorgeous new movie Pacifiction will hypnotize you. On its $400 million Gucci investment, Investcorp pocketed nearly $2 billion, but it would have made more had it held on. Maurizio Gucci wanted to fire Tom, recalls De Sole, but I said no. 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 . Long-sleeve black silk button-up dress with pockets and slit from Guccis Spring/Summer 1996 collection by, Zebra-print, see-through blouse and matching bikini bottom from Guccis Spring/Summer 1996 collection by. Magnelia thinks Arnault and his stockholders or bankers could not swing the deal without De Sole, Ford and other senior Gucci management. 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. The film focuses on the story of Maurizio Gucci and his wife, Patrizia, as her ambitions to be part of a world of extreme wealth and power lead her to orchestrate his 1995 murder. 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. [8], In 2016, the De Soles sued the Knoedler gallery, New York, for selling them a fake Mark Rothko painting. Things you buy through our links may earnNew Yorka commission. In 1994-95, the first professional managers' team took charge of Gucci group by Domenico De Sole as a CEO of the company and Tom Ford, creative director of the company. A kind of virtuous cycle was begun. She could have been released even earlier, but she turned down a work-release program, reportedly saying, I never worked a day in my life, and I dont intend to start now.. 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 an interview with Vulture, Bentivegna revealed that he invented the revelatory scene. We are a brand! As the money began pouring into Guccis registers, De Sole pumped much of it back into supporting the companys image. . Paolo Gucci (Jared Leto) MGM. After Rodolfo disinherited Maurizio, the son packed his bags, eventually going to work for Patrizias fathers trucking 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. Finally, it ends in the year 1995. Domenico de Sole (Jack Huston) Gucci family advisor Domenico is another Porsche fan, turning up No problems in that department. Between June 1998 and February 1999, the eagle-eyed Bernard Arnault began to amass Gucci shares, eventually building up a stake of 34.4 percent through a series of transactions, before attempting a takeover, which was eventually foiled. Maurizio was later acquitted of the charge, brought forward by his cousin Paolo (Jared Leto).