Women’s Wear Daily then announced the departure

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Ford wished to maintain a sense of the company’s history while updating Gucci’s trademarks. In 1994 Ford became responsible for creative direction, and by 1996 he directed all aspects of the company—including ready-to-wear clothing, visual merchandising, packaging, interior design, and advertising. Ford and De Sole struggled to restore the former reputation of Gucci, while redirecting the growing brand to a new level for the market of the late 1990s.There were seventy-six Gucci stores around the world in 1997, along with numerous licensing agreements. Ford was instrumental in the process of decision-making with De Sole when the Gucci Group acquired Yves Saint Laurent Rive Gauche, Bottega Veneta, Boucheron, Sergio Rossi, and, in part-ownership with Stella McCartney, Alexander McQueen and Balenciaga. By 2001 Ford and De Sole shared the sponsibility for major business decisions, while Ford

concurrently directed design at Yves Saint Laurent as well as at Gucci.The French conglomerate Pinault-Printemps-Redoute, however, gained ownership of 60 percent of the Gucci Group’s stock in 2003. Women’s Wear Daily then announced the departure of both Domenico De Sole and Tom Ford from the Gucci Group when their contracts expired in April 2004. The last spring collection under the direction of Ford and De Sole was a critical and commercial success. Amid widespread speculation in the fashion press about Ford’s heir, the company announced in March 2004 that he would be replaced by a team of younger designers promoted from the ranks of the company’s staff.In 2005, Frida Giannini was appointed as the creative director for women’s ready-to-wear and accessories, previously joining Gucci in 2002. In 2006, she also became the creative director for men's ready-to-wear and the entire Gucci label.Corporate Gucci store at nightA turnaround of the company devised in the late 1980s made Gucci a global contender and notable fashion label. In October 1995 Gucci went public and had its first initial public offering on the AMEX and NYSE for $22 per share. November 1997 also proved to be a successful year as Gucci acquired a watch licensee, Severin-Montres, and renamed it Gucci Timepieces.

The firm was named "European Company of the Year 1998" by the European Business Press Federation for its economic and financial performance, strategic vision as well as management quality. Gucci world offices and headquarters are in Florence, Milan, Paris, London, Hong Kong, Japan, and New York. PPR headquarters are in Paris.New management This section appears to be written like an advertisement. Please help improve it by rewriting promotional content from a neutral point of view and removing any inappropriate external links. (June 2010) Gucci New Bag in 2011In 1989, Maurizio managed to persuade Dawn Mello, whose revival of New York's Bergdorf Goodman in the 1970s made her a star in the retail business, to join the newly formed Gucci Group as Executive Vice President and Creative Director Worldwide. At the helm of Gucci America was Domenico De Sole, a former lawyer who helped oversee Maurizio’s takeover of ten 1987 and 1989. The last addition to the creative team, which already included designers from Geoffrey Beene and Calvin Klein, was a young designer named Tom Ford.Raised in Texas and New Mexico, he had been interested in fashion since his early teens but only decided to pursue a career as a designer after dropping out of Parsons School of Design in 1986 as an architecture major. Dawn Mello hired Ford in 1990 at the urging of his partner,

writer and editor Richard Buckley.In the early 1990s, Gucci underwent what is now recognized as the poorest time in the company's history. Maurizio riled distributors, Investcorp shareholders, and executives at Gucci America by drastically reining in on the sales of the Gucci Accessories Collection, which in the United States alone generated $110 million in revenue every year. John Ray, Alessandra Facchinetti and Frida Giannini,[11] all of whom had worked under Ford's creative direction. Facchinetti was elevated to Creative Director of Womenswear in 2004 and designed for two seasons before leaving the company. Ray served as Creative Director of Menswear for three years. 32-year-old Giannini, who had been responsible for designing men's and women's accessories, currently serves as Creative Director for the entire brand.Frida Giannini, formerly Creative Director of accessories, is named sole Creative Director in 2006. In 2009, Patrizio di Marco replaces Mark Lee as CEO of Gucci.Children's lineGucci’s president and chief executive officer Patrizio di Marco revealed that Gucci is set to launch a children’s line in June 2010. The line will initially be unveiled in Italy and to 40 stores around the world. Frida Giannini serves as the creative director of the line.