Gucci Group Finalizes Control Over the Sergio Rossi Brand

Gucci Group Finalizes Control Over the Sergio Rossi Brand
Gucci Group and Mr Sergio Rossi announce today that Mr Sergio Rossi and his family will end their collaboration with the Sergio Rossi brand.

This decision follows the agreements reached between Mr Sergio Rossi and Gucci Group in November 1999 and January 2004, when Gucci Group's ownership of Sergio Rossi went from 70% to 100%.

On that occasion it was anticipated that Mr Rossi would relinquish his personal involvement in the Sergio Rossi brand upon the Gucci Group's acquisition of complete control over the Sergio Rossi brand.

Sergio Rossi and his family founded the company in the 1950's and under their direction the Sergio Rossi brand has become a unique vision of luxury.

In total respect of its strategic plan, the brand will continue to offer unparalleled and exclusive collections designed by expert designers of women's and men's shoes, and accessories.

Isabelle Guichot, Chief Executive Officer of Sergio Rossi, commented 'Mr. Sergio Rossi and his family have played a key role in the luxury shoe sector.

We are incredibly grateful for the valuable contribution they have made to the brand over the years.

We believe that by leveraging the brand's strong foundations and its great potential, the Sergio Rossi brand has all the required assets to achieve its targets.'

Produced by skilled shoe masters in an