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Article: Gucci America files countersuit for $20 million. (countersuit against Guccio Gucci) (Brief Article)
- Article from:
- WWD
- Article date:
- July 27, 1993
CopyrightCOPYRIGHT 1993 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Gucci America Inc. filed a counterclaim Monday seeking a $20 million judgment in the lawsuit brought against it last month by Guccio Gucci SpA.
As noted, Italy-based Guccio sued Gucci America in Federal Court here charging it owed $63.9 million for non-payment of merchandise plus interest.
Gucci America contends Maurizio Gucci as chairman of both firms used his control to require it to pay inflated prices for goods bought from the Italian firm. Ths led to credit problems, which were negotiated with its lender Citibank, according to Gucci America. Under that settlement, Gucci America says, it ...
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Article: Confirm Investcorp holds 47.8 percent of Guccio ...
WWD;
June 8, 1988 ;
700+ words
... ... CONFIRM INVESTCORP HOLDS 47.8 PERCENT OF GUCCIO GUCCI SpA MILAN -- Investcorp, a Bahrain ... that has acquired 47.8 percent of Guccio Gucci SpA, in a series of acquisitions made ... Tuesday. Maria Martellini, chairman of Guccio Gucci, said: "I found out myself for the ...
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