Gucci is part of Kering, a global luxury conglomerate known for Bottega Veneta, Saint Laurent, Balenciaga, Brioni, Christopher Kane, Alexander McQueen, and more. These trademarks are sold in over 120 countries throughout the world.
Over the years, Gucci has created a strong presence in the luxury market segment. Its unique appeal and host of products caters to the variegated fashion requirements.
Guccio Gucci started Gucci as a small luggage company, but later it surpassed all the marks of popularity and became one of the most renowned names. The company has worked on creating an iconic interlocked GG logo. Gucci also created some iconic trademarks like the bar-and-bit belt buckle; the bamboo-handle handbag; these have helped the brand become part of the mainstream culture.
Since the beginning, the company has been clear about its Gucci Mission Statement to provide customers with the best luxury products; something which the people can relish and feel the pride to own.To construct a distinct image in the minds of consumers in the premium and luxury classes, intense exposure and reputation are required to create a buzz in the market. Gucci has been intimately associated with several campaigns, and its collaborations have aided in setting the brand ahead of its competition. Some brands that compete with Gucci include Hermes, Louis Vuitton, Chanel, Prada, and others. Let’s explore more about Gucci mission and vision and core values and how having a focused outlook helps to create a brand.
Gucci Mission statement
Gucci mission statement is, “The company’s mission is to become the leader in the luxury market at a worldwide level.”
Gucci’s mission statement clearly states that it wants to become a leader in the luxury market globally. It highlights the rationale for its existence, emphasizing that it produces world-class services and products it offers to customers. The company propagates itself as a trusted brand that promises to provide its customer with the most stylish and classy products. The brand projects itself as trendy and responsible and also values its craftmanship. Let’s take a closer look at the many components of Gucci’s goal statement.
Clear and precise
Gucci mission statement is brief and to the point. This means that Gucci’s mission statement was written in a straightforward, succinct, and simply understandable manner using simple words and phrases. It is simple to comprehend and conveys all that the audience needs to know about Gucci’s offerings and operations. It effectively expresses the company’s position to stakeholders and is quite concise, clear, and specific.
Goal-oriented: In accordance with the mission statement, Gucci has clear operational goals and strategies the company will employ to achieve those goals, the customer categories that the company will target, and the geographic locations where the company will operate. Gucci has lofty aspirations for the future and is optimistic about them. The company’s mission statement clarifies that it intends to be one of the most recognizable names in the fashion industry, if not the most recognizable name.
Influential: Gucci is synonymous with luxury and class; it aims at creating a product line that exhibits the same. Over the years, Gucci has emphasized bringing new designs and style statements that differentiate the brand from the others.
Innovative: For any company to strive through the competition, it is important to be innovative in its approach. Fashion can break the barriers of gender standards and allow people to express their opinion through what they wear. Over the years, Gucci has committed to providing its patrons’ products that are unique and exclusive, exclusively designed for each individual. It is also developing new solutions by using technical innovation to make their production more efficient.
Progressive: The progressive ideology of the company sets it ahead and makes it top the list of the best high-end brands. Its progressive approach is not only limited to providing the best designs but also adopt new ways.Customer satisfaction: Gucci emphasizes the importance of customer happiness. Gucci has specified its target client segments and its desire to exceed customers’ expectations. The mission statement explains how its products and services contribute to increased customer satisfaction within its target market.
Gucci Vision Statement
Gucci’s vision statement is, “Gucci is reinventing a wholly modern approach to fashion” As per the new vision of creative director Alessandro Michele, Gucci is like an epitome of luxury and is a mark of fashion in the 21st century. This has strengthened its standing as “one of the world’s most desirable fashion houses.”
The vision statement demonstrates Gucci’s aim to reinvent the brand under the modern realm, which will eventually help the company re-establish itself as an unparalleled luxury fashion brand. Gucci is aware of its dominance, but it is also constantly working to maintain and increase its position and strength in the market among other fashion behemoths.
Environmental sustainability: In addition, Gucci also promises to create a brand that brings out the best of luxury fashion and is sustainable. With the completion of 100 years in the business, Gucci has established itself as a strong brand. It also promises to continue to commit to social and environmental sustainability. As a part of Gucci’s 10-year Culture of Purpose strategy (2015-2025), it has reduced its environmental impact year-over-year by 21%, and the company plans to reach a mark of 40% by 2025. Gucci has also switched to renewable energy.
CSR: As an established brand, Gucci has also put the best step forward to help the people in the pandemic. It donated around 2 million euros to support two crowdfunding campaigns to fight the pandemic.
Gucci also envisions convening people and organizations to come together and make the environment a better place to live. Some of the initiatives that Gucci has taken up in this segment are Gucci Scrap-less for leather, Gucci-Up for upcycling of products. As per Marco Bizzarri, Gucci President and CEO, the company is committed to bringing positive change in the people and nature across the business.
Gucci Core Values
Gucci’s core values form the base of the organization. The compliance with essential values has made the brand pass the test of time and establish itself as a leading name in the business. The mission, vision, and core values underpin Gucci’s strong stature; let’s dig a bit into the core values that pillar this brand.
Quality- What differentiates Gucci from the other brands is the quality of its products. Targeting the mid and upper segment, Gucci’s products are designed to exude the best of fashion and premium quality. The company has always emphasized creating products that are valued for money.
Eco-consciousness- Another aspect that forms the backbone of Gucci is its inclination towards the environment. The brand wants to establish itself as a leading fashion brand but with responsibility.
People: Gucci values its people. Because of this dedicated arsenal of the workforce, they can create impeccable and unparalleled products. Gucci also aims to establish gender equality, and one of the examples of this is that management comprises a significant percentage of women. In addition, the company is also committed to the idea of diversity and inclusion.
Gucci Mission Statement History
Gucci, one of the world’s most renowned luxury fashion brands, has indeed seen changes in its mission statement over time. The company’s mission has evolved as it has adapted to changing market dynamics and embraced new strategic directions. Below is a grouping of Gucci’s mission statement history, organized from the most recent to the oldest statements:
Current Mission Statement
“To become the leader in the luxury market at a worldwide level.”
In recent years, Gucci has strongly emphasized sustainability, inclusivity, and self-expression. The 2023 mission statement highlights the brand’s commitment to fostering creativity while aligning with ethical practices and environmental responsibility. Gucci aims to be a leading force in the luxury market by continuously pushing boundaries and encouraging individuals to celebrate their individuality.
2016-2020
“To strengthen our position as the premier luxury brand in the world.“
During this period, Gucci aimed to solidify its status as the premier luxury brand worldwide. The statement reflects the brand’s determination to maintain its exclusivity, desirability, and reputation for delivering high-quality products and experiences to its discerning clientele.
2005-2016
“To be the leading luxury brand in the world.“
Gucci expressed its aspiration to become the leading luxury brand globally. The statement highlights the brand’s pursuit of excellence and its commitment to delivering exceptional luxury products and experiences that would surpass its competitors.
Conclusion
Gucci continues to provide sustainable fashion solutions to the people. Despite the competition and the challenge, its clear mission and vision along with core values clearly exhibit why Gucci is a trustworthy and reliable luxury brand.
