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The double-G brand for belt buckles and other accent decorations was launched in 1964. The Flora scarf was designed in 1966 by Rodolfo Gucci and Vittorio Accornero for Grace Kelly Princess of Monaco who turned a notable client of Gucci merchandise. In October 1968, Gucci opened a retailer on 347 Rodeo Drive, driving many Hollywood stars to endorse the brand. With the Rodeo Drive opening got here the launch of Gucci's first clothes. Gucci's breakthrough within the United States led to its world growth in Asia and the Middle East.
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Gucci's holding firm Guccio Gucci S.p.A. relies in Florence, Italy, and is a subsidiary of the French luxury group Kering. In 2018, Gucci operated 540 stores for 14,628 staff. The company generated €9.628 billion in income (€8.2 billion in 2018), and €3,947 billion in profits (€3.2 billion in 2018). He reviewed the pricing of every product and gradually raised Gucci's promoting price range from $6 million in 1993 to $70 million in 1997. In October 1995, the company was publicly listed on the New York Stock Exchange with an initial inventory value set at US$22.