January 22, 1988 |
Gucci America Inc. paid $20.5 million in back taxes to the U.S. government Thursday after pleading guilty to income tax evasion conspiracy from 1972 through 1982. In a plea bargain with federal prosecutors, the New York-based retailer of expensive leather goods and other luxury items also pleaded guilty to filing false corporate tax returns for 1978 and 1979. U.S. District Judge Shirley Wohl Kram immediately fined Gucci America, formerly known as Gucci Shops Inc.
February 28, 2006 |
When last heard from, Tom Ford was serving as guest editor of Vanity Fair's annual Hollywood issue and putting himself, Scarlett Johansson and Keira Knightley on the magazine's cover (he with clothes on, they without). Now word's out on his next venture: The former Gucci designer will launch a line of ready-to-wear and custom clothing, footwear and accessories for men under the Tom Ford label.
May 28, 1999 |
Italian fashion house Gucci emerged victorious Thursday from a months-long takeover battle after a Dutch court approved a key defense against French rival LVMH Moet Hennessy Louis Vuitton. In a pivotal ruling in the bitter feud, the Amsterdam court approved Gucci's sale of a 42% stake to white knight Pinault-Printemps-Redoute, making a takeover by LVMH unlikely.
September 11, 2001 |
French retailer Pinault-Printemps-Redoute agreed Monday to pay LVMH $806 million for control of Gucci Group, ending a 2 1/2-year battle for the company known for its figure-hugging clothes and leather handbags designed by Tom Ford. Pinault-Printemps will buy some of LVMH's stake, boosting its holding in the third-biggest fashion company to 53%. It agreed to offer $101.50 a share for the rest of Gucci, which sells handbags for more than $4,000, in March 2004.
February 26, 2004 |
It was a send-off worthy of a rock star. When Tom Ford presented his final collection for Gucci on Wednesday night, everyone was a groupie, embracing him after the show in what turned into a kind of congratulatory mosh pit. There were tears and goodbye kisses, and some people even held cameras over their heads to snap photos of one of fashion's last superstars.
September 24, 1999 |
About 80 designers will show their ready-to-wear women's collections for summer 2000 starting in Milan today, but the flood of mergers and acquisitions shaking up the business is likely to steal the show. Italian companies are on the prowl for purchases to build up their stables of brands as the wave of consolidation sweeping other global business sectors also hits the fashion world.