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Trapped In The Home Of Gucci
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The double-G brand for belt buckles and other accessory decorations was introduced in 1964. The Flora scarf was designed in 1966 by Rodolfo Gucci and Vittorio Accornero for Grace Kelly Princess of Monaco who turned a notable shopper of Gucci products. In October 1968, Gucci opened a retailer on 347 Rodeo Drive, driving many Hollywood stars to endorse the model. With the Rodeo Drive opening came the launch of Gucci's first attire. Gucci's breakthrough in the United States led to its global growth in Asia and the Middle East.
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Gucci's holding company Guccio Gucci S.p.A. relies in Florence, Italy, and is a subsidiary of the French luxury group Kering. In 2018, Gucci operated 540 stores for 14,628 employees. The firm generated €9.628 billion in revenue (€8.2 billion in 2018), and €3,947 billion in income (€3.2 billion in 2018). He reviewed the pricing of each product and steadily raised Gucci's promoting budget from $6 million in 1993 to $70 million in 1997. In October 1995, the company was publicly indexed on the New York Stock Exchange with an initial stock value set at US$22.
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