![]() In 1989, a year before his death, Aldo sold his Gucci shares to Investcorp. He served his time at the Federal Prison Camp, Eglin. He was age 81 at the time of the sentencing. In January 1986, Aldo Gucci was sentenced to one year and one day in prison for tax evasion, evading $7 million in New York. In addition, Paolo also tipped off the IRS about his father's tax evasion. Seeking revenge, Paolo got Aldo removed from the company in 1984 with the help of his cousin Maurizio Gucci, who had recently become the majority shareholder. In 1980, Aldo's son Paolo Gucci attempted to launch his own business using the Gucci name, but Aldo disapproved and sued his son, threatening to cut off any Gucci supplier who signed on with Paolo. This rivalry eventually spiralled into family warfare. In an attempt to increase his profits, Aldo set up a perfume subsidiary and held 80 percent of its ownership for himself and his three sons. However, Aldo's sons felt that Rodolfo had not contributed enough to the growth of the business. ![]() He went on to open shops in Chicago, Palm Beach and Beverly Hills, before expanding to Tokyo, Hong Kong and in cities around the world through a global franchising network.įor over thirty years he was dedicated to the expansion of Gucci, developing the company into a vertically integrated business with its own tanneries, manufacturing and retail premises.Īfter their brother Vasco Gucci died in 1974, Rodolfo and Aldo divided the business between themselves 50/50. Kennedy heralded Aldo as the first Italian Ambassador to fashion and he was awarded an honorary degree by the City University of New York in recognition of his philanthropic activity, described as the "Michelangelo of Merchandising". They opened the first store outside of Italy in New York City, only two weeks before their father's death. In 1952, Aldo travelled to New York City with his brothers Rodolfo and Vasco. The GG insignia became an instant favourite of Hollywood celebrities and European royalty. Gucci became an overnight status symbol when the bamboo handbag was featured on Ingrid Bergman's arm in Roberto Rossellini's 1954 film Journey to Italy. He went on to open the first shop outside of Florence, in Rome in 1938. Career įrom the age of 20, Aldo began work full-time at Gucci. He had a degree in economics from San Marco College in Florence. At age sixteen he began part-time work in his father's first shop in via della Vigna Nuova in Florence. In his formative years, he developed an interest in equestrianism and botany, which would later find its outlet in product design and a passion for gardening. He also had a half-brother, Ugo, from his mother's previous relationship. He had three brothers – Vasco, Rodolfo, and Enzo (who died aged nine) – and a sister, Grimalda. Aldo was the eldest of five children born to Aida Calvelli and Guccio Gucci. Aldo Gucci was born on in Florence, into a Tuscan family dating back to the thirteenth century in the nearby town of San Miniato.
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