Terms of Service apply. Gucci now owns and operates 124 stores, twice as many as in 1995, and new ones are sprouting all the time in Milan, Vienna, Zurich, Hong Kong and Tokyo last year alone. Guccis going to destroy us! he cried. The final hour of House of Gucci covers his fall and his. A television psychic by the name of Pina (Salma Hayek) plays a significant role. Domenico De Sole, former president and CEO of Gucci Group, looks back on the death of Maurizio Gucci in 1995, and his impact on the company. When asked if De Sole had been consulted about the movie, he simply said "no." When asked where reality ends and fiction begins, he replied, "When you take a story over 15-20 years and . If you want to get Domenico De Sole angry, call Gucci a retailing company. With the authorities tipped off by his own son Paolo, Aldo was sentenced to one year and one day for tax evasion in an American prison in 1986 at the age of 81. 10 of 10 Camille Cottin as Paola Franchi. [7], De Sole serves on the Boards of Pirelli and Ermenegildo Zegna. With Rodolfos shares, Maurizio would have been Gucci's majority shareholder, but because Rodolfo never signed the paperwork, Maurizio would have had to pay a hefty inheritance tax. Beyond that, I didnt know. [5], They have two daughters. First she met Cicala in her car and then later at a bar. At a dinner party she asked her lawyer Cusimo Auletta: What would happen if I decided to teach Maurizio What if I decided to get rid of him? Arnault might have to pay close to $100 a share for the 44 million Gucci shares lvmh does not already own, bringing the total cost of the deal to around $5.4 billion. Paolo Guccihad been given a chance to design a handbag collection, but Maurizio reneged on the copyright the day before the launch. One of his clients in the early 1980s was Gucci, where he helped with corporate restructuring, and Rodolfo Gucci, a son of the founder Guccio Gucci, enticed De Sole to join in 1984 as CEO of Gucci America. Maurizio was later acquitted of the charge, brought forward by his cousin Paolo (Jared Leto). Hayek, who plays Auriemma in House of Gucci, is married to Franois-Henri Pinault, CEO of Kering, the luxury group that currently owns Gucci. Maurizio was acquitted of tax evasion after he was charged with forging his fathers signature on the stock certificates that transferred Rodolfos shares of Gucci to him following Rodolfos death in 1983. With Patrizias voice echoing back from the TV, she and Pina seem to share a telepathic connection. Having been convicted for her role in securing the assassins who would kill Maurizio, Auriemma was sentenced to 25 years in prison. The reasons behind these snubs aren't exactly clear, though it could be thatHouse of Gucci's length held it back a little. Domenico De Sole will also leave at the expiration of their contracts in April 04. By 1993, the family's attorney and the CEO of Gucci America, Domenico De Sole, had sided with Investcorp, forcing out Maurizio. After Rodolfo disinherited Maurizio, the son packed his bags, eventually going to work for Patrizias fathers trucking company. According to a recent story in the Hollywood Reporter, it was Pinault who gave the production permission to use the Gucci name and access to the companys archives. The true story is that it wasn't a fashion show that was stopped like in House of Guccibut a handbag launch. She claims she is destitute, living in her mothers villa near the Milan courthouse where she was tried and sentenced. We could piggyback the Gucci name on to the coverage of the fashion shows. Investcorps then-CFO came into my office in despair. doors, as De Sole calls them. [4][2], De Sole worked for leading U.S. law firms before becoming a partner at the Washington DC firm Patton, Boggs & Blow, specializing in tax law. At Rodolfo'surging, De Sole later joined the Gucci company, but he did so only in 1984, 12 years after Maurizio started in the family business. One of the scenes inHouse of Gucci'sendingdepictsMaurizio's murder. In fact Gucci has weathered the Asian storm in great shape. By Samantha Conti March 27,. Forden's book . Speaking on Letos depiction of her father, Paolos daughter Patrizia Gucci was quoted as saying, Horrible, horrible. Maurizios original decision was a winning one, and would eventually inspire other heritage brands, notably Burberry, to hire a retailer, stylist or fashion insider and to do a Gucci style revival. If no deal emerges, Guccis stock will probably drift down a bit (its Drs were $70 each on Jan. 20), but it wont collapse. Pinault Printemps-Redoute (Paris), which took control of the Gucci Group two years ago, announced that it had been . . Out of greed and rage, she ordered the hit on her ex-husband. Three years later Patrizia was convicted for arranging his killing. Gianni Versace is at the heart of the story, as is Giorgio Armani, who opens up about his . If you happened to catch the 2021 film House of Gucci starring Lady Gaga and Adam Driver, based on the dramatic real-life events of the Gucci family, then you also caught an interesting glimpse into the life of Domenico De Sole. So its very Shakespearean in that regard., One of the films most fiery scenes, in a sea of many, happens when Domenico serves Patrizia divorce papers from Maurizio outside of their young daughters school. One of the more haunting scenes in Scotts epic involves Patrizia calling the psychic hotline of a television personality named Pina. But in real life, per Fordens book, Paolos sportswear collection was met with success. De Sole is largely credited with being the business mastermind behind the runaway success of the Tom Ford years once Maurizio Gucci had sold his interest in the company. Roberto Gucci, one of Aldo Guccis sons not depicted in the movie, went on to run a small leather goods business in Florence after selling his shares of the family company, and once said, The Guccis were a great family. The pair, however, didnt first meet through a hotline phone call. "You're creative or you're noncreative. During his time as Gucci's creative director, the company saw 1,200% growth in sales - nearly $3 billion, according to Forbes. I read the screenplay before it was made, and, you know, for somebody who lived it, you have to realize that things are glamorized in film, because when I read some of the descriptions of things that were happening and the characters, and what they were wearing, what they were doing I mean, I was there, and they werent quite so glamorous. Long-sleeve black silk button-up dress with pockets and slit from Guccis Spring/Summer 1996 collection by, Zebra-print, see-through blouse and matching bikini bottom from Guccis Spring/Summer 1996 collection by. Somehow we had to send out the message that a new Gucci was being born. House of Gucci Left Out Allegra Gucci In real life, though,De Sole had had the Gucci family as a client for years, helping them through their restructuring. Related:Lady Gaga's American Horror Story: Roanoke Witch Villain Explained. Dateline NBC's "Murder in the House of Gucci" airs Friday at 9. [2][3] He graduated from the Sapienza University of Rome in 1970 with a law degree, and then received a scholarship for Harvard Law School, where he received an LLM degree in 1972. 17-Down, Three Letters: Party for One artist Carly ___ Jepsen. This was before we had begun to roll, when we were largely in the planning stages. In . Domenico De Sole, former president and chief executive officer of Gucci Group, recalls the aftermath of Maurizio Gucci's death and his impact on the company. A year after retiring from the Gucci Group, he and Tom Ford joined forces in 2005 when De Sole became . Last month Bernard Arnault, chairman of Frances mighty lvmh luxury goods group, deftly acquired 26.7% of Gucci Groups 59.4 million publicly traded shares for lvmh, pushing Guccis market value to over $4 billion. Auletta severed ties with her. At a March 1986 launch party in Rome, judicial police burst in to commandeer the collection, sending guests fleeing with Champagne glasses still in hand. He is the former empire builder and CEO of the Gucci Group. We had a nice chat, a rational conversation. All rights reserved. Upon his death, Aldo's will. A fashion show gets raided. The first half of House of Gucci focuses mostly on the couple, then integrates their relationship into the rest of the family workings, showing Gagas Patrizia very keen on convincing Drivers Maurizio to be part of the family business. Early life [ edit] Domenico De Sole was born in Rome, Italy in 1944, the son of a Royal Italian Army General. His brother Rodolfo retained a 40-year-old Harvard Law School-educated lawyer named Domenico De Sole to handle the case. In our case, the market treated Asia as if the continent were about to sink under the waters, like Atlantis, and us with it, grumbles De Sole, who says he was already battening down Guccis Asian hatches in April 1997. He had the vision, but if you dont execute the vision, it is meaningless. He was inconsolable.. According to the companys latest report, De Sole, Ford and other Gucci executives held options on nearly 3 million Gucci shares; at the current stock price, those options would be in the money to the tune of around $100 million. With such a peculiar cast of characters, to what degree is the films story true? De Sole was appointed by Maurinzio Gucci as a legal adviser, president and managing director of the company of Gucci America. A true autocrat, the 50-year-old Arnault is unlikely to share any real power with De Sole. Long before. Domenico De Sole (born 1944) is an Italian[1] businessman, chairman of Tom Ford International, current director of Acamar Partners,[citation needed] former chairman of Sotheby's, and former president and CEO of Gucci Group. Goes Out newsletter, with the week's best events, to help you explore and experience our city. Email Bio Follow . Domenico De Sole was born in Rome, Italy in 1944, the son of a Royal Italian Army General. By submitting your email, you agree to our Terms and Privacy Policy and to receive email correspondence from us. The screenplay is credited to Becky Johnston and Roberto Bentivegna, from a story by Johnston that adapted Sara Gay Fordens 2000 book House of Gucci: A Sensational Story of Murder, Madness, Glamour and Greed. (Have many other films taken a books subtitle so strongly as a directive?). She could have been released even earlier, but she turned down a work-release program, reportedly saying, I never worked a day in my life, and I dont intend to start now.. However, this was a huge drawback for Gucci group because Tom Ford was once . When Paolo aligned his interest with Maurizios 50%, he tipped the scales to begin the process that ultimately led to the family no longer owning the company. In 1987, Italian financial police came to apprehend Maurizio after Paolo accused him of illegal business dealings. De Sole, too, knew the family well. The films depiction of Patrizias meeting with hired assassins is partly accurate. Passion and obsession intertwine in Fire of Love, With characters wise and reassuring, animated short The Boy, the Mole comforts, The prosecutor, and the actor who plays him, on taking down Argentinas military regime. In Ridley Scott'sHouse of Gucci, Patrizia can be seen calling her future psychic and friend Pina (Salma Hayek) while the latter is working on live television. Domenico, a native of Italy, is the former CEO of the Gucci Group; in 2005, he co-founded and today continues to serve as chairman of Tom Ford International and is the CEO of Sotheby's. The couple's daughters work in the fashion and beauty industries like father, like daughters, it seems. In 1980, Aldo dismissed him from the company. Maurizio made the first move after exclaiming to a friend that Patrizia looked like Elizabeth Taylor. In a 2004 interview, on the day he left Gucci for good, De Sole told WWD his expectations for the company were never that grand. As Gucci began to disintegrate in early 1994, Investcorp bought the other half, bid ciao to Maurizio Gucci and a stroke of genius born of desperation . That, plus other purchases, puts LVMHs Gucci position at 26.7%. '72", "Domenico De Sole's Latest Role: Chairman Of Sotheby's", "Sotheby's Sold for $2.7 Billion to French Media Titan Patrick Drahi", "Suit Against Knoedler Gallery Over Fake Rothko Continues After a Settlement", "Photos from House of Gucci Cast vs. Real Life", https://en.wikipedia.org/w/index.php?title=Domenico_De_Sole&oldid=1090921643, Articles with unsourced statements from January 2022, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 1 June 2022, at 04:46. He filed for bankruptcy in 1993 and died in London in 1995. Having since served on the boards of numerous other companies, De Sole currently lives in South Carolina. Its fitting that Ridley Scotts House of Gucci has a title card that reads inspired by the true story. The Gucci family themselves had long been careful mythmakers and shapers of the companys image. On paper, a full lvmh/Gucci merger makes some sense. By Robin Givhan. Domenico De Sole, Tom Ford International. In 1989, he sold his shares in Gucci and died one year later. The problem with Maurizio was discipline and execution he couldnt do it. Paolo Gucci (Jared Leto) MGM. In the movie, after the party, Patrizia stalks Maurizio, pretending to serendipitously bump into him at his law-school library. Who could forget the blacked-out room and the roving spotlights following Amber Valletta, Shalom Harlow, Kate Moss and Helena Christensen striding in low-slung velvet trousers, undone satin tops, fur coats and big, bright GG logos? I had been very, very close to Maurizios father Rodolfo. At Rodolfo's urging, De Sole later joined the Gucci company, but he did so only in 1984, 12 years after Maurizio started in the family business. Maurizio escapes across the Swiss border on a motorcycle. Paolo then attempted to create his own fashion line using the Gucci name, spiraling the family into a decade of legal disputes. In a later meeting between Aldo and Investcorp, Aldo instantly recognizes the pair, explaining that under the insole is a layer of gold leaf, a design embellishment only he knows about. It was likely Aldo Gucci who began the story that the family was descended from noble saddlemakers to the medieval courts, when his father and company founder Guccio Gucci actually began his career working at the Savoy Hotel in London before opening a small shop in his native Florence, Italy. Sole Domenico De is the Director of Newell Brands Inc and owns about 53,469 shares of Newell Brands Inc (NWL) stock worth over . Adam Driver, Jared Leto, Al Pacino and Jeremy Irons also star in the directors second epic drama of the year, following The Last Duel.. But in reality, Paolo wasnt manipulated into doing it. After successfully extricating his father (Aldo), Paolo announces a fashion show in which his partner, Jennifer Pudfoot, gives an operatic performance. But if you're watching people be creative, and you're smart, and you pay attention, you can learn a lot. [6] De Sole stepped down November 2019 following the sale of the company. Fords designs launched the hyper-luxe, oversexed style that revived the Gucci brand and turned it into an international powerhouse far beyond what it had ever been before. Sole to handle the case dismissed him from the TV, she ordered the on. To get Domenico De Sole, too, knew the family into a decade of disputes. Empire builder and CEO of the scenes inHouse of Gucci'sendingdepictsMaurizio 's murder about his with. 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