Alexandra Gucci Zarini’s luxury handbag brand is designed for a new generation of conscious consumers.
A century ago, Guccio Gucci opened a boutique in Florence, Italy, that sold high-end leather luggage to well-heeled travelers. He infused his brand with all kinds of unique design elements that would become iconic, including the double-G insignia and bamboo handles. Guccio’s oldest son, Aldo, would go on to transform the label into one of the best-known luxury brands in the world, alongside Chanel, Louis Vuitton, and Prada.
Aldo’s granddaughter, Alexandra Gucci Zarini, heard a lot about the origins of her family’s business around the dining table when she was growing up. She wanted to follow in her great-grandfather’s footsteps by becoming a fashion designer. But by the time she was in design school, the Guccis no longer controlled their namesake brand. In 1993, the family sold its stake to a Bahrain-based company that took it public. By 1999, the French luxury conglomerate Kering (formerly Pinault-Printemps-Redoute) had acquired a controlling 42% stake in Gucci for $3 billion. Within five years, that stake grew to 99.4%.
