Guccio Gucci was born in 1881 in Florence, Italy. He opened the first Gucci shop in 1921 and became known for quality leathergoods and fine craftsmanship. His four sons also joined the Gucci firm. In 1953, the year Guccio Gucci died, they opened their first overseas shop opened in New York City. His grandson, Maurizio oversaw the resurrection of the firm in the 1980s, and became group president in 1989. Following a series of legal and family disputes, the company was sold to the multinational Investcorp in 1993.
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