Third generation family business, founded 99 years ago by an immigrant hotel worker.

With three sons, grew brand into international status symbol.

Grandson took over, preceded to lose everything in 1980's.

He was murdered by a hitman paid for by his wife. 1/6

Founded in the early 1900s the business is known for products synonymous with high-quality materials and classic styling.

Forced to pivot due to a shortage of raw materials during World War II, this new line of goods remain an iconic best-seller today. 2/6

After the founder died in 1953, the business was left to his eldest son who successfully internationalised it.

Under his leadership the it became a premier brand in fashion.

Problems became apparent soon after the 3rd generation took control & fired the 2nd gen leader. 3/6

The 3rd generation grandson took the company in a new, albeit unsuccessful, direction.

He was compelled to sell the heavily indebted family business to a Bahrain-based private equity firm.

His wife was convicted of hiring his killer a few years later. 4/6

Salvaged by PE and on-sold again, today the company boasts:

500+ locations,
1000 employees, and
Generates ~$7 billion annually.

The brand alone, ranked in the Top 100 Global Brands, is reportedly worth $12.4 billion. 5/6

The House of Gucci is just one example of a successful family empire lost by the 3rd generation.

https://en.wikipedia.org/wiki/Gucci  6/6

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