Strong retail network
As of 2021, Gucci was the fourth most valuable luxury brand worldwide, behind Louis Vuitton, Chanel, and Hermès. In that year, the brand had a value of about 33.8 billion U.S. dollars. It is the largest brand owned by its parent company, the Kering Group. The majority of Gucci’s revenue is attributed to leather goods, such as handbags and wallets, followed by shoes and ready-to-wear clothing. Although it is a European brand, there are currently 226 Gucci stores operating in emerging countries worldwide, compared to only 107 in Western Europe.Brand value
Gucci is recognized as one of the strongest luxury brands by various brand measurement trackers. Since 2018, the Gucci brand displayed continuous upward trend worldwide according to Brand IPX index. In Italy, the brand's home country, Gucci was the leading brand with the highest performance in the global fashion economy. Gucci's success as a brand extended beyond financial performance. The brand ranked in first place in terms of its media impact value, which measures a brand's value in the (social) media sphere based on metrics like audience engagement, industry relevance, and content quality.Gucci's global brand image is controlled by its creative director Alessandro Michele, whose Aria Collection in 2021 featured an NFT.
