And he began to rebrand, changing the Gucci logo to a knight and leaving the familys modest origins behind. The true story is that it wasn't a fashion show that was stopped like in House of Guccibut a handbag launch. One of the tax attorney's clients in the early 1980s was the famed Gucci design family. 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. Contrasting pattern ensemble of blue striped blouse and geometric print coral pants from Guccis Spring/Summer 1996 collection by Tom Ford. A television psychic by the name of Pina (Salma Hayek) plays a significant role. "You can't make yourself creative," he said. 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. He was murdered outside his offices on 27 March 1995. 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. Impressed with his work, Rodolfo Gucci lured De Sole into the family's business . 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. We are a brand! As the money began pouring into Guccis registers, De Sole pumped much of it back into supporting the companys image. She was very gracious. However, this was a huge drawback for Gucci group because Tom Ford was once . A Q&A with Tom Ford's Domenico De Sole. 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. De Sole has been chairman of Tom Ford International since the company was founded in 2005. . 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. Pacino crumples, imbuing the scene with all the acute hurt felt by Aldo. 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. Domenico De sole - CEO of Gucci Group 2. I thought Tom worth protecting., Fortunately for De Sole and Ford, Nemir Kirdars Bahranian investment company Investcorp had purchased half of Gucci in the late 1980s. gucci link to love bracelet. Things you buy through our links may earnNew Yorka commission. He was not a good businessperson. Over the last four years Gucci has spent over $200 million to buy out franchisees, open new Gucci-operated stores and refurbish older ones. Maurizio was acquitted of tax evasion after he was charged with forging his fathers signature on the stock certificates that transferred Rodolfos shares of Gucci to him following Rodolfos death in 1983. 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. Patrizia,along with Maurizio, met Pina in Ischia while on vacation. Patrizia had been rich all her life, living in extravagant homes in Milan, San Moritz, and New York City, but it wasn't enough, and she hired a handful of blue-collar workers to do her barbaric . 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. 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? 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. 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. His case was the only one to go to trial. Lady Gaga's first House of Gucci scene as Patrizia Reggiani shows her walking to work, which would have been her father's transport company, where she worked as an accountant. The fashion heir, nevertheless, finds her attractive. As a show of trust, Maurizio gifts the head of Investcorp a rare pair of Gucci shoes, originally designed for Clark Gable. Jack Huston plays Domenico in House of Gucci. This site is protected by reCAPTCHA and the Google No. 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. In House of Gucci, Patrizia and Maurizio goad a susceptible Paolo into betraying his father, and Paolo hands over evidence to the IRS concerning the companys shady dealings. Finally, it ends in the year 1995. 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. 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.. In October 1995 Investcorp sold part of its Gucci holding in an initial public stock offering in Amsterdam and New York; a few months later Kirdar sold the balance in a secondary offering. House of Guccifocusesas much on Patrizia and Maurizio's love story and split as it does on the company. did domenico de sole betray gucci. 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 . Arnaults French rival Franois Pinault rode in as Guccis white knight, and brought the company into what was then PPR, and is now known as Kering. They are a bit smaller than we are, but their ready-to-wear sales are considerably larger than ours. 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. I never thought it was possible and I thought the rumors were crazy. If the Gucci family era of ownership of the Gucci business might be seen as a Game of Thrones-style battle, the Italian-born, Harvard-educated lawyer Domenico De Sole could be seen as the winner . 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. 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. A kind of virtuous cycle was begun. Despite Positive 2022, Puma Urges Caution for2023. Rather, the collections are produced as media circuses, designed to bring brand names, supermodels and Bentleyloads of celebrities before the paparazzi and the public. ' 72 has taken the well-known fashion house from the brink of collapse to its current position as an $8 billion industry titan. An Italian-born, Harvard-educated lawyer who was then with a firm in Washington, D.C., De Sole had worked on Guccis corporate restructuring in the 1980s and became close to the family. Okay, TikTok, You Can Calm Down About Aubrey Plaza at the SAG Awards Now, All 165 Pink Floyd Songs Ranked, From Worst to Best. We are not a retailing company, he booms. The women of, Sam Levinson and the Weeknd Allegedly Turned, Theres No Red Button You Can Push to Stop. I read the screenplay before it was made, and, you know, for somebody who lived it, you have to realize that things are glamorized in film, because when I read some of the descriptions of things that were happening and the characters, and what they were wearing, what they were doing I mean, I was there, and they werent quite so glamorous. Maurizio would win the battle against his uncle, briefly controlling Gucci. 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. This password will be used to sign into all, Lady Gaga Delivered the Acceptance Speech Shes Been Waiting to Give, The Snubs and Surprises of the 2022 Oscar Nominations. All Rights Reserved. As upmarket shoppers again frequented Gucci stores looking for Fords clothes, theyd pick up a new pair of $295 loafers or another $600 handbag. Contrary to popular belief, Milans fall and spring ready-to-wear shows are not presented to sell apparel lines to buyers; that is accomplished at private showings. 17-Down, Three Letters: Party for One artist Carly ___ Jepsen. Reportedly, Arnault declined to renew Gianfranco Ferrs contract as chief designer for Christian Dior in 1996 because the lvmh boss was looking for young, fresh talent. His brother Rodolfo retained a 40-year-old Harvard Law School-educated lawyer named Domenico De Sole to handle the case. The Weeknd responded to a Rolling Stone story claiming the show is a rape fantasy with a clip of his character calling the mag irrelevant. When Paolo aligned his interest with Maurizios 50%, he tipped the scales to begin the process that ultimately led to the family no longer owning the company. In 2014, she said, I still feel like a Gucci in fact, the most Gucci of them all. She also recently expressed dismay to the Italian press over the fact that Lady Gaga had not reached out to speak to her prior to filming. 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. In 1989, he sold his shares in Gucci and died one year later. 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. 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 . 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. In a ploy to kick Aldo out of the company, House of Gucci depicts Maurizio and Patrizia's plotting against him with his son Paolo, who knew ofAldo'stax evasion in the U.S. To getPaolo to turn on his father, they promised him his own line, but when he finally got his fashion show, itwas disrupted by the police. O projekte - zkladn info 2. oktbra 2019. Bertelli is the husband of designer Miuccia Prada and chief executive of her familys Milan-. Sep 24, 2002. De Sole remembers the months following the shooting as sad and puzzling for those who knew Maurizio, and for the companys staff. Gucci could sell its goods through hundreds of lvmh outlets. Maurizio was 22; Patrizia was 21. De Sole was appointed by Maurinzio Gucci as a legal adviser, president and managing director of the company of Gucci America. Gucci ! But Domenico De Sole (Jack Huston), the family's longtime lawyer, turns up at their daughter's soccer game to serve her the divorce papers. The films depiction of Patrizias meeting with hired assassins is partly accurate. Goes Out newsletter, with the week's best events, to help you explore and experience our city. Rather, its a very good invention by Leto and will probably become a mainstay pop-culture reference. '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. Senior critic-at-large. By Rob Bear Feb 15, 2013, 3:30pm EST. A love affair ensued. De Sole tells a story to describe Guccis bleak picture when he and Ford took charge. He is a lawyer by t. Patrizia is defiant, and you can feel the disdain and bitterness shooting from Gagas teeth. After secretly acquiring a 5%-plus stake in Gucci, Arnault in early January agreed to buy Bertellis Gucci stake for $398 million. Tom Ford Domenico De Sole Marco Bizzarri Alessandro Michele Gucci . 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. 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. By 1993, the familys attorney and the CEO of Gucci America, Domenico De Sole, had sided with Investcorp, forcing out Maurizio. Rihanna to the Rescue? Maurizio made the first move after exclaiming to a friend that Patrizia looked like Elizabeth Taylor. Patrizia morphs from a (affectionate?) Magnelia thinks Arnault and his stockholders or bankers could not swing the deal without De Sole, Ford and other senior Gucci management. Paolo then attempted to create his own fashion line using the Gucci name, spiraling the family into a decade of legal disputes. Kristen Bell to Befriend an Unorthodox Rabbi. Two years later, in January 1997 the year of Fords harness dress and GG thongs and with sales still climbing, De Sole remembers getting a call, midmeeting, at the Gucci offices in Milan. 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. Their sudden departure from the Gucci Group in April 2004 rocked the global fashion business. By the time Maurizio Gucci was gunned down in the lobby of his Milan office on March 27, 1995, the company he knew and loved was already embarking on a new journey under Domenico De Sole and Tom Ford, and priming for the sort of success that would surpass Maurizios own big ambitions. While studying for her bachelors in a completely unrelated subject, they started writing about movies and TV shows for an Italian online publication. New Lord of the Rings Movies Set at Warner Bros. Mark Wahlberg's $55 Million Mansion Sold to Buyer of Heather Dubrow's Newport Chateau. Yet House of Gucci can only strive to capture the larger-than-life aspects of the Gucci family and those in their circle. On LVMHs side, its retailers among them Paris Bon March, and San Francisco-based DFS would get badly needed new products from the hot hand of Tom Ford. Both would be paid 600 million lire ($699,870, accounting for inflation). 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. 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