In 2018, Gucci reached a milestone of €8 billion in sales, a new record in previous years. This success was largely attributed to their strategic expansion into younger markets; 65% of their sales were directed at customers between the ages of 18 and 34.
As of July 11.36, it was worth about $10.78 billion (€2020 billion).
As of 2022, the Gucci brand was estimated to be worth an impressive $18.1 billion, a significant increase from doctor data its October 2018 net worth of just over $11.55 billion (€10.96 billion). This remarkable growth is attributed to several factors, most notably the label’s increased popularity among both millennials and Gen Z-ers, their relevance in both luxury and streetwear culture, as well as their collaborations with major celebrities like 2 Chainz, Lady Gaga, etc.
Conclusion
The Gucci brand has come a long way since its founding in Florence in 1921. It has evolved from making exclusive travel accessories and equestrian gear to one of the most successful global luxury brands with worldwide recognition. Their products are distributed all over the world, from ready-to-wear to handbags and home accessories. Owned by Kering, Gucci remains an iconic fashion house whose influence extends far beyond the borders of Italy and will continue to do so for many years to come.
How much is the Gucci brand worth?
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