In addition, Paolo also tipped off the IRS about his father's tax evasion. In 1986, Aldo was sentenced to one year and one day in prison for tax evasion. In 1987, Paolo sold all his shares in Gucci to Investcorp for $42.5 million.
As the movie portrays, the son was integral in turning in sensitive information which implicated Aldo, leading to his papa's arrest in 1986. Paolo Gucci died from heart and kidney failure at the age of 64, a few months after the murder of his cousin, Maurizio.
Why is there only one daughter in the house of Gucci?
In reality, Maurizio's mother was named Sandra. However, in real life, the pair had two daughters. House of Gucci streamlined the story by removing Patrizia and Maurizio's daughter Allegra from the picture. Both Alessandra and Allegra live in Switzerland with their families now.
Today, Patrizia Gucci works as Interior Design, Fashion Design and painter/artist in Italy and abroad. She studied 3 years at “Istituto d'Arte Porta Romana” in Florence, graduated in Fashion Designer.
Luxury goods company Kering owns Gucci today. Kering is headquartered in Paris, France, and is majority-owned by the Pinault family. Kering also owns several other luxury brands, including Balenciaga, Bottega Veneta, Alexander McQueen, Stella McCartney, and Yves Saint Laurent.
According to Meaww, Alessandra and Allegra Gucci are worth $400 million after the death of their father, who was worth around the same amount when he died.
While a retrial did not occur, the efforts resulted in a reduction of the former socialite's sentence: from 29 years to 26. She was released in 2016 early on good behavior. That year, Reggiani expressed in a Guardian interview that her daughters were no longer speaking to her.
Guccio Gucci divided his wealth among his sons. However, only Aldo and Rodolfo ran the company until the 1980s. Then, Rodolfo welcomed Maurizio Gucci, who sold his entire share of the Gucci stock. However, his children Alessandra and Allegra inherited his wealth.
She was found guilty and imprisoned for 18 years. Despite this, Reggiani still receives $1.47 million annually from the Gucci estate to this day and has earned the nickname 'la vedova nera,” The Black Widow. Maurizio and Patrizia met in November 1970.
The element of sensationalism isn't lost on Forden, who began writing about the Gucci family's drama as the chief business correspondent for WWD, later drawing on her years of reporting to write her book. “If I had made the story up like a novel, nobody would have believed it,” she tells TIME. “But it was all true.
Patrizia Reggiani (Italian: [paˈtrittsja redˈdʒaːni]; née Martinelli; born 2 December 1948) is an Italian convicted criminal and former socialite. She was convicted in a highly publicized trial of hiring a hitman to kill her ex-husband, Maurizio Gucci.
While Maurizio's death had no impact on the new 1990s Gucci — he had sold his shares to his then-minority partner Investcorp in 1993 — it was still shocking for some. De Sole remembers the months following the shooting as sad and puzzling for those who knew Maurizio, and for the company's staff.
Patrizia Reggiani was jailed in 1998 after being found guilty of paying a hit man the lire equivalent of $415,000 to murder her 46-year-old ex-husband Maurizio Gucci, the multi-millionaire heir to the fashion business.
Paola Franchi (born 17 November 1953) is an Italian interior designer, artist, author and former model. Her 2010 autobiography L'amore spezzato ("The Broken Love") details her relationship with Italian businessman Maurizio Gucci, who was murdered in 1995 while they were a couple.
According to Meaww, Alessandra and Allegra Gucci are worth $400 million after the death of their father, who was worth around the same amount when he died. The daughters were given control of their father's estate after their mother was found guilty of his murder in 1997.
The Guardian described Franchi in 2016 as an artist who lives in a converted porcelain factory, filled with books and paintings, in Milan. They noted that she spends half the year in Kenya. “She's chatty and quick to laugh, with a lightness of spirit," the Guardian article states.
The family was deeply divided over how to run the business, with different factions jockeying for power and control. The feud reached a boiling point in 1989 when Maurizio Gucci, the grandson of the company's founder, took over as CEO and launched a hostile takeover bid against his own family members.
Thomas Carlyle Ford (born August 27, 1961) is an American fashion designer and filmmaker. He launched his eponymous brand in 2005, having previously been the creative director at Gucci and Yves Saint Laurent. Ford wrote and directed the films A Single Man (2009) and Nocturnal Animals (2016).
