All Rights Reserved. In Ridley Scott'sHouse of Gucci, Patrizia can be seen calling her future psychic and friend Pina (Salma Hayek) while the latter is working on live television. did domenico de sole betray gucci. He is a lawyer by t. Per Forden, Patrizia and Maurizio first met the Neopolitian-native Pina at a health spa in Ischia, an island off the coast of Naples. Forden's meticulous research involved speaking to over a hundred people, including former Gucci CEO Domenico De Sole and Maurizio's driver Luigi Pirovano. [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. 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. I would be doing the same thing if I were making that movie. One of his clients in the early 1980s was Gucci, where he helped with corporate restructuring, and Rodolfo Gucci, a son of the founder Guccio Gucci, enticed De Sole to join in 1984 as CEO of Gucci America. 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 . Laura De Sole, Vice President, La Mer Global Product Marketing at The Este Lauder Companies, married Benjamin Baccash in 2013. Before he can leave her sights, Patrizia scrawls her phone number in lipstick on the windshield of his Vespa. In our case, the market treated Asia as if the continent were about to sink under the waters, like Atlantis, and us with it, grumbles De Sole, who says he was already battening down Guccis Asian hatches in April 1997. 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. Investcorps then-CFO came into my office in despair. In . In the third quarter of 2020, the brand reclaimed the top spot in Lysts ranking of the worlds most-searched names. (Her son, Charly, who was also living there, is not included in the film.) Speaking on Letos depiction of her father, Paolos daughter Patrizia Gucci was quoted as saying, Horrible, horrible. Maurizio actually dissolved his partnership with Paolo before a 1986 board meeting, leading his cousin to launch a new line of handbags and other designs under his PG label. 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. Even at $70 a share Gucci is priced at 23 times its estimated 1998 earnings, reasonable compared to average equity market p/e multiples in Europe and the U.S. De Sole says Gucci is off to a fast start in this years first quarter, and theres plenty of growth left in the 78-. year-old company, which got its start making fancy harnesses for horses. If I had to come up [5], They have two daughters. Reggiani, who was due to spend 26 years in jail, was freed after 17 years. Rihanna to the Rescue? In 1995, the pair helped take Gucci public on the Amsterdam and New York stock. 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. However, this isn't quite the true story. You should let it, He put $40,000 on credit cards to make his first film. It is said that the last spring collection under the direction of Ford and De Sole was a critical and commercial success for Gucci. May 2, 2004 . In short, if Arnault pursues and wins Gucci, dont expect De Sole or Ford to remain very long on LVMHs payroll. Patrizia had Paola thrown out the day after Maurizio was murdered, filing papers with the court mere hours after the shooting. Santo Domenico Versace attends the premiere of "Milano: The Inside Story Of Italian Fashion" in Milan. Los Angeles County said all litigation over the crash has now been resolved. When asked if De Sole had been consulted about the movie, he simply said "no." When asked where reality ends and fiction begins, he replied, "When you take a story over 15-20 years and . Maurizio and Paola had known each other briefly as teenagers, meeting on the beaches of Santa Margherita, and began their relationship after reuniting in 1990 at a nightclub in St. Moritz. Alessandra Gucci's birth marks an important moment in the movie's story, as it happens around the same time Driver's Maurizio begins to work for the family business. The whole show is in a silly, goofy mood. Better yet, De Sole was able to use Guccis strong cash flow to buy in several franchisees in Guam, South Korea and Taiwan at very attractive prices and to renegotiate expensive leases in Hong Kong and elsewhere. Although Reggiani admitted hating her ex-husband, she denied ever wanting to kill him. Sep 24, 2002. At a dinner party she asked her lawyer Cusimo Auletta: What would happen if I decided to teach Maurizio What if I decided to get rid of him? 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 . That, plus other purchases, puts LVMHs Gucci position at 26.7%. But by 1994, Maurizio planned to marry Franchi. doors, as De Sole calls them. In the scene, he's biking around Quartiere Copped in Rome when someone drawshis attention by calling out, "Doctor Gucci!" He had the vision, but if you dont execute the vision, it is meaningless. De Sole says Gucci is off to a fast start in this year's first quarter, and there's plenty of growth left in the 78- year-old company, which got its start making fancy harnesses for horses.. These are: franchised Gucci stores, duty-free shops and department store boutiques, and Guccis directly operated stores dos in the Gucci lingo. This year will see the upgrading of stores in New York, Verona, San Francisco, Brussels, Paris and of Guccis original store in Milan. When Investcorp head reveals the gold leaf, its a sign that Aldo has been betrayed by his nephew Maurizio. We had a nice chat, a rational conversation. A kind of virtuous cycle was begun. Gucci surprised everyone, and scaled rapidly: A few years after Fords breakout, the company piqued the interest of Prada, which took a 9.5 percent stake. 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. 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. Rodolfo never remarried and doted on Maurizio throughout the rest of his childhood. I never thought it was possible and I thought the rumors were crazy. Before the control of De Sole and Ford, Gucci was everywhere. Now Hollywood Shuffle is a classic, Remember that Harry Styles Spitgate drama? After successfully extricating his father (Aldo), Paolo announces a fashion show in which his partner, Jennifer Pudfoot, gives an operatic performance. But Patrizia began interceding when she wasnt seeing quick enough results. Terms of Service apply. The films depiction of Patrizias meeting with hired assassins is partly accurate. After a brief internship at TPI, she decided she wanted to pursue journalism and graduated with a degree in International Journalism from Brunel University. Guccis going to destroy us! he cried. After Rodolfo disinherited Maurizio, the son packed his bags, eventually going to work for Patrizias fathers trucking company. He was not a good businessperson. In early January, Arnault terminated negotiations with the cosmetics and perfumes division of French pharmaceuticals group Sanofi, which controls Yves Saint Laurent. Losing them, Magnelia says, would cost too much in Guccis good will value. Publicly, Arnault gushes that De Sole is an excellent manager and Tom Ford an exceptional designer.. Paolo Guccihad been given a chance to design a handbag collection, but Maurizio reneged on the copyright the day before the launch. 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.. Domenico De Sole (born 1944) is an Italian [1] businessman, chairman of Tom Ford International, current director of Acamar Partners, [citation needed] former chairman of Sotheby's, and former president and CEO of Gucci Group . In an interview with Vulture, Bentivegna revealed that he invented the revelatory scene. Who could forget the blacked-out room and the roving spotlights following Amber Valletta, Shalom Harlow, Kate Moss and Helena Christensen striding in low-slung velvet trousers, undone satin tops, fur coats and big, bright GG logos? Look at Armani, says Ford. If you happened to catch the 2021 film House of Gucci starring Lady Gaga and Adam Driver, based on the dramatic real-life events of the Gucci family, then you also caught an interesting glimpse into the life of Domenico De Sole. Tom Ford and Domenico De Sole at their final show in 2004. In the latest chapter of a scandal that's jolted New York's art world, a federal jury is hearing about a Chinese immigrant who forged fakes of . It was Maurizio, with backing from his then-minority shareholder Investcorp, who hired Dawn Mello, formerly president of Bergdorf Goodman, to revitalize the brand as its creative director. 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. It was Maurizios father Rodolfo who eventually persuaded De Sole to leave Patton, Boggs & Blow, and work for the family firm. The actor is known for films like Kill Your Darlings, American Hustle, Ben-Hur, the TV series Fargo, Boardwalk Empire, and The Irishman. 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. 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. This email will be used to sign into all New York sites. For all the control they exercise over Guccis products and image, De Sole and Ford cannot control the price of Guccis stock. A desperate Patrizia asks Pina to find out if Maurizio is with another woman. [8], In 2016, the De Soles sued the Knoedler gallery, New York, for selling them a fake Mark Rothko painting. 2023 Vox Media, LLC. Despite Positive 2022, Puma Urges Caution for2023. In real life, though, De Sole had had the Gucci family as a client for years, helping them through their restructuring. lvmh needs Gucci more for the managers than for the brand.. She was very gracious. We spent the entire morning with her. It unfortunately, however, did not happen. Scott plays the moment as the ultimate betrayal. Will the luck of the Irish affect the Oscars? On this Wikipedia the language links are at the top of the page across from the article title. Scott makes Paolos fashion taste a running joke. 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). 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. Their sudden departure from the Gucci Group in April 2004 rocked the global fashion business. As president and CEO of the Gucci Group, Domenico De Sole LL.M. Upon being offered a pardon from prison on a work-release program in2011, Reggiani told the judge, "I've never worked in my life; I won't start now." House of Gucci (2021) Jack Huston as Domenico De Sole. Last month, I had the chance to sit down with Domenico De Sole, chairman of TOM FORD, at the National Retail Federation's annual Big Show. We are a brand! As the money began pouring into Guccis registers, De Sole pumped much of it back into supporting the companys image. Things werent going well, and hed lash out at people. According to a recent story in the Hollywood Reporter, it was Pinault who gave the production permission to use the Gucci name and access to the companys archives. 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 Pinault Printemps-Redoute (Paris), which took control of the Gucci Group two years ago, announced that it had been . In real life, Maurizio was not only suspected offorging Rodolfo's signaturebut was also tried and found guilty of the crime. It was sensational fin. 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. 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.) 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. His wife, actress Alessandra Winkelhausen Gucci, died at age 44 in 1954 when their son Maurizio was only 5 years old. 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. The owners are Domenico De Sole and his wife, Eleanore. 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. The final hour of House of Gucci covers his fall and his. That was the reality.. The business original emblem was a bellboy carrying luggage under one arm and a traveling bag under the other. By 1993, the family's attorney and the CEO of Gucci America, Domenico De Sole, had sided with Investcorp, forcing out Maurizio. 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. Gucci could sell its goods through hundreds of lvmh outlets. Domenico De Sole, former president and CEO of Gucci Group, looks back on the death of Maurizio Gucci in 1995, and his impact on the company. 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. 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. 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. When Paolo opened the shop for the handbags' launch, with customers present, the police stopped him from presenting the collection. The year Maurizio died, Gucci went public on the New York and Amsterdam stock exchanges, and Ford showed his breakout fall 1995 collection, which is no doubt seared into the minds of fashion fans. Yes. Its fitting that Ridley Scotts House of Gucci has a title card that reads inspired by the true story. The Gucci family themselves had long been careful mythmakers and shapers of the companys image. But many felt Ferrs sin lay in an unwillingness to kow-tow to Arnault. The new House of Gucci movie tells the very real story of all the scandal, power, love, betrayal, and, yes, even murder that surrounded the Gucci family back in the day. An allure that was carefully crafted by the founder himself, Guccio Gucci, who in 1897 found work at London's prestigious Savoy Hotel as a bellboy. Domenico de Sole (Jack Huston) Gucci family advisor Domenico is another Porsche fan, turning up in his slick black 911 Targa. 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 . Domenico De Sole, Self: Made You Look: A True Story About Fake Art. The pair, however, didnt first meet through a hotline phone call. 64 Gucci Domenico De Sole Photos and Premium High Res Pictures - Getty Images Images Creative Editorial Video Creative Editorial FILTERS CREATIVE EDITORIAL VIDEO 64 Gucci Domenico De Sole Premium High Res Photos Browse 64 gucci domenico de sole stock photos and images available, or start a new search to explore more stock photos and images. He often demanded to see more of the companys financial information. I told the police, It sounds like a soap opera! But, still, I couldnt figure out who could have killed him, or who would want to kill him, said De Sole. By 1993, the familys attorney and the CEO of Gucci America, Domenico De Sole, had sided with Investcorp, forcing out Maurizio. The first hour of House of Guccifocuses on Adam Driver's Mauriziobeing reluctant to deal with his family, who pushes him to be part of the company. Gianni Versace is at the heart of the story, as is Giorgio Armani, who opens up about his . [6] Eleanore De Sole has served on the boards of the Savannah College of Art and Design, Georgia, and the Aspen Art Museum, Colorado. Tipping off the IRS was just the latest cannonball in a salvo of legal disputes within the family. Busy Phillips Is Not Like a Regular Mom, Shes a Cool Mom, Theres nothing wrong with Busy Phillips being cast as Mrs. George in the upcoming, In Search of Tom and Katies Bubba Painting, Maybe punting on the larger plot can be forgiven if we get a sweet. By Robin Givhan. Asked by paparazzi in the street why she hired a gunman to kill Maurizio rather than do it herself, she said, My eyesight is not so good, I didnt want to miss. According to the new afterword in the movie tie-in edition of Fordens book, in November 2020, Reggiani prevailed in a case before Italys Supreme Court in which her two daughters were attempting to block her continuing to receive a substantial annuity from the Gucci estate. 10 of 10 Camille Cottin as Paola Franchi. You may occasionally receive promotional content from the Los Angeles Times. The idea that we might recognize a problem and do something about it never seemed to occur to anyone.. I had a unique opportunity to became president of Gucci America, where I represented one side of the family. Vanessa Bryant Settles Helicopter-Crash Photo Lawsuit for $28.85 Million. Video: Do These Outrageous Celebrity Fashion Looks Hold Up? In the film, Rodolfo's lawyer Domenico De Sole (Jack Huston) tells Maurizio there's a problem with Rodolfo's willRodolfo forgot to sign the share certificate giving his son 50 percent of the. Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. House of Guccifocuses on the Gucci family business starting from the 70s, following the jet-set couple Maurizio Gucci (Adam Driver) and Patrizia Reggiani (Lady Gaga) from the beginning of their relationship. Having since served on the boards of numerous other companies, De Sole currently lives in South Carolina. She also resented what she described as his indifference to her illness and subsequent brain surgery in 1992, and she said she felt betrayed by Maurizios sale of the family company shares to Investcorp, bringing one of many chapters in the long-running Gucci saga to a close. Per Vultures interview with Bentivegna, the gold leaf was the screenwriters invention. She proclaims that her marriage will not end, and Maurizio must think of his family first. Tom Ford says Guccis high-margin ready-to-wear apparel, (11% of sales in 1998s first half, up 50% from 1997), has enormous potential. Moore and G. Birtwistle, 2005) discusses Gucci Group's superiority as a conglomerate. [6] De Sole stepped down November 2019 following the sale of the company. According to the companys latest report, De Sole, Ford and other Gucci executives held options on nearly 3 million Gucci shares; at the current stock price, those options would be in the money to the tune of around $100 million. On its $400 million Gucci investment, Investcorp pocketed nearly $2 billion, but it would have made more had it held on. In 1993 the company had just lost $22 million, and 1994 wasnt going to be a whole lot better. House of Gucci Left Out Allegra Gucci 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. I still feel offended.. In 1993, with Maurizio still holding half the shares, Gucci was losing money and auditors were recommending the liquidation of the labels assets. Moreover, on the day the hit took place, Patrizia's diary had only one entry that said "paradise" in Greek, rather than Italian, as the movie showed. Related:Every Ridley Scott Movie Ranked From Worst To Best (Including House of Gucci). In 1997 revenues reached $975 million and the net came in at $176 million a high (even by luxury goods standards) 18% of sales. Lady Gaga missed out on Best Actress, however, andHouse of Gucci did not rank among the films up for Best Picture, as seems to have been its intention. Beneath all the hoped-for synergies and public expressions of mutual admiration, however, it is hard to imagine that Arnault and the De Sole/Ford team could live very productively under one corporate roof. The Gucci brand has since become Kerings largest, generating nearly 60 percent of revenues in 2020 with 7.44 billion euros in sales. Oscar Futures: Whos in the Lead As Voting Begins? monetary policy of nepal 2077/78 highlights. A Q&A with Tom Ford's Domenico De Sole. She was released from prison in October 2016. Related:Lady Gaga's American Horror Story: Roanoke Witch Villain Explained. Meanwhile, Gaga's Patrizia plots with Aldo Gucci (Al Pacino) to convince Maurizio to work for the family. 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. While many of the details shared in House of Gucci reflect what happened in real life, some things were left out or happened differently in reality. Two years ago Jacques Mouclier, the former chief of the French Federation Franaise de la Couture, the governing body of Gallic fashion, described Arnault to this reporter this way: Arnault tends to be a bit of a mode dictator. By that Mouclier meant that, in fashion matters, the lvmh chairman will countenance creative outburst, but no opposition on the management level. Just the latest cannonball did domenico de sole betray gucci a salvo of legal disputes within the family receive promotional content the... Of Ford and Domenico De Sole pumped much of it back into supporting the companys.. 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