Italian fashion house Guccio Gucci said that...
- Share via
Italian fashion house Guccio Gucci said that U.S. investment bank Morgan Stanley Group Inc. had built a 47.7% stake in the Italian company on behalf of an unidentified client. Gucci President Maria Martellini said Morgan Stanley bought a 44.4% interest from two Gucci family members, brothers Giorgio and Roberto Gucci, adding to a 3.3% stake acquired in November. Together, the brothers own 46% of the company. Morgan Stanley acquired the stake in the privately held company for an unidentified client at an undisclosed price, she said.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
