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BUSINESS
November 16, 1999 | Bloomberg News
Gucci Group, one of the world's best-known fashion companies, said it had agreed to buy Sanofi Beaute from businessman Francois Pinault for $697 million to gain the Yves Saint Laurent brand and become the No. 3 luxury-goods maker. Gucci also will pay $70 million to designer Yves Saint Laurent and to Pierre Berge, who headed Sanofi Beaute, and will assume about $267 million in debt. The transaction brings with it several perfume brands, including Fendi, Van Cleef & Arpels and Krizia.
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ENTERTAINMENT
September 29, 2006 | Booth Moore, Times Staff Writer
IT'S no secret that the designer fashion business is driven by accessory sales that are in turn fueled by the kind of desire only a slick runway show can create. But rarely is the designer who makes the bonbons also the one who has to cook up the meat. That's exactly what has happened at Gucci, where Frida Giannini, the brand's powerhouse of an accessory designer, was promoted to creative director for all collections after a couple of unsuccessful successors to Tom Ford.
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BUSINESS
March 20, 1999 | From Reuters
Italian fashion house Gucci Group, fighting a hostile bid by LVMH Moet Hennessy Louis Vuitton, agreed Friday to sell a 40% equity stake to French premier retailer Pinault-Printemps-Redoute for $3 billion. In announcing the deal, Pinault also said an affiliate would buy French drug group Sanofi's beauty and fashion unit for $1 billion and then sell it to Gucci at cost.
ENTERTAINMENT
February 1, 2006 | Booth Moore
Less than two years after Tom Ford left Gucci, the luxury brand once again has a single design vision. On Tuesday, men's wear designer John Ray resigned, leaving Frida Giannini in charge of women's wear, men's wear and accessories. No reason was given. The move underscores Gucci's confidence in Giannini, despite the lukewarm reviews for her first women's wear collection, which was presented in Milan in October.
NEWS
April 22, 2004 | Booth Moore
Ending months of speculation, a successor has been named for Domenico De Sole, Gucci Group's chief executive and president and the financial whiz who helped designer Tom Ford build the company into a $3-billion powerhouse over the last 13 years. Robert Polet, a 48-year-old Dutch national, will join the firm after 26 years at Unilever, most recently as president of the worldwide ice cream and frozen foods division, a $7.
BUSINESS
September 6, 1995 | Times Staff and Wire Reports
Gucci to Sell $150 Million in Stock: The luxury leather goods maker owned by Investcorp International of New York plans to sell a 30% stake in the Gucci Group in October on the New York, London and Milan stock exchanges. A group of investment banks led by Morgan Stanley & Co. will manage the offering. SBC Warburg and CS First Boston will be co-managers.
NEWS
March 11, 2004 | From Bloomberg News
Serge Weinberg, chief executive of Pinault-Printemps-Redoute SA, today will name four designers to succeed Creative Director Tom Ford at Gucci Group NV. They are Stefano Pilati, Alessandra Facchinetti, Alfreda Giannini and John Ray, people familiar with the company said.
ENTERTAINMENT
November 5, 2003 | Booth Moore, Times Staff Writer
Tom Ford, the American designer who helped create a new, younger generation of high-fashion customers, on Tuesday confirmed what he'd long been hinting: He will step down as designer of the Gucci and Yves Saint Laurent brands on April 30. He will also resign his post as creative director of Gucci Group. Domenico De Sole, the managerial whiz behind the fashion powerhouse, will also depart.
NEWS
January 19, 2000 | VALLI HERMAN-COHEN, TIMES SENIOR FASHION WRITER
In another round of high fashion's high-stakes musical chairs, Tom Ford of Gucci is taking over as the creative director of Gucci-owned Yves Saint Laurent Couture in addition to similar duties at the Italian fashion house that he helped resurrect. Gucci issued a statement Tuesday announcing that the Texas-born Ford, 37, will "define the overall image and positioning of the YSL brand, including all product categories and communication activities, working with all the current creative teams."
NEWS
March 15, 2002 | VALLI HERMAN-COHEN, TIMES STAFF WRITER
PARIS--Swarmed by aggressive cameramen, air-kissing editors and stern bodyguards for her famous Beatle father, Stella McCartney was flush with the rush that comes from finishing a hugely important project--her second Paris show under her own name. McCartney had suffered slings and arrows for her raunchy spring debut for the Gucci Group conglomerate. Was she more relaxed this time around? "No!" McCartney exclaimed backstage after the well-received show that included Giorgio Armani as a guest.
NEWS
April 22, 2004 | Booth Moore
Ending months of speculation, a successor has been named for Domenico De Sole, Gucci Group's chief executive and president and the financial whiz who helped designer Tom Ford build the company into a $3-billion powerhouse over the last 13 years. Robert Polet, a 48-year-old Dutch national, will join the firm after 26 years at Unilever, most recently as president of the worldwide ice cream and frozen foods division, a $7.
NEWS
March 11, 2004 | From Bloomberg News
Serge Weinberg, chief executive of Pinault-Printemps-Redoute SA, today will name four designers to succeed Creative Director Tom Ford at Gucci Group NV. They are Stefano Pilati, Alessandra Facchinetti, Alfreda Giannini and John Ray, people familiar with the company said.
ENTERTAINMENT
November 5, 2003 | Booth Moore, Times Staff Writer
Tom Ford, the American designer who helped create a new, younger generation of high-fashion customers, on Tuesday confirmed what he'd long been hinting: He will step down as designer of the Gucci and Yves Saint Laurent brands on April 30. He will also resign his post as creative director of Gucci Group. Domenico De Sole, the managerial whiz behind the fashion powerhouse, will also depart.
NEWS
March 15, 2002 | VALLI HERMAN-COHEN, TIMES STAFF WRITER
PARIS--Swarmed by aggressive cameramen, air-kissing editors and stern bodyguards for her famous Beatle father, Stella McCartney was flush with the rush that comes from finishing a hugely important project--her second Paris show under her own name. McCartney had suffered slings and arrows for her raunchy spring debut for the Gucci Group conglomerate. Was she more relaxed this time around? "No!" McCartney exclaimed backstage after the well-received show that included Giorgio Armani as a guest.
BUSINESS
September 11, 2001 | MARK DEEN, BLOOMBERG NEWS
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.
NEWS
March 3, 2000 | VALLI HERMAN-COHEN and BARBARA THOMAS, TIMES STAFF WRITERS
Now that Gucci's Tom Ford has officially taken over the design responsibilities at Yves Saint Laurent's women's ready-to-wear, speculation has resurfaced regarding his design post at Gucci. On Thursday, a Gucci spokesman denied a report on the Internet news service Fashion Wire Daily (http://www.fashionwiredaily.com) that the company had hired Miu Miu senior designer Stefano Pilati to direct design at Gucci. Miu Miu is Prada's secondary collection.
BUSINESS
September 11, 2001 | MARK DEEN, BLOOMBERG NEWS
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.
NEWS
March 3, 2000 | VALLI HERMAN-COHEN and BARBARA THOMAS, TIMES STAFF WRITERS
Now that Gucci's Tom Ford has officially taken over the design responsibilities at Yves Saint Laurent's women's ready-to-wear, speculation has resurfaced regarding his design post at Gucci. On Thursday, a Gucci spokesman denied a report on the Internet news service Fashion Wire Daily (http://www.fashionwiredaily.com) that the company had hired Miu Miu senior designer Stefano Pilati to direct design at Gucci. Miu Miu is Prada's secondary collection.
NEWS
January 19, 2000 | VALLI HERMAN-COHEN, TIMES SENIOR FASHION WRITER
In another round of high fashion's high-stakes musical chairs, Tom Ford of Gucci is taking over as the creative director of Gucci-owned Yves Saint Laurent Couture in addition to similar duties at the Italian fashion house that he helped resurrect. Gucci issued a statement Tuesday announcing that the Texas-born Ford, 37, will "define the overall image and positioning of the YSL brand, including all product categories and communication activities, working with all the current creative teams."
BUSINESS
November 16, 1999 | Bloomberg News
Gucci Group, one of the world's best-known fashion companies, said it had agreed to buy Sanofi Beaute from businessman Francois Pinault for $697 million to gain the Yves Saint Laurent brand and become the No. 3 luxury-goods maker. Gucci also will pay $70 million to designer Yves Saint Laurent and to Pierre Berge, who headed Sanofi Beaute, and will assume about $267 million in debt. The transaction brings with it several perfume brands, including Fendi, Van Cleef & Arpels and Krizia.
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