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Gucci Unknown Facts

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Inspiring Facts about Gucci, Interesting Facts 2019, Most Interesting Facts, Gucci Amazing Facts, Gucci Facts, Gucci Facts 2019, Gucci History and Facts, Gucci Lesser Known Facts, Gucci Success Story, Gucci Unknown Facts, startup stories, Surprising Facts About Gucci


Gucci, the famous Italian luxury brand known for its innovative designs, is adored by many.  Gucci is considered one of the most valuable brands in the world, with a brand value of $ 18.6 billion.  Here are some unknown facts about this reputed Italian brand.

Unknown facts about Gucci

1) Gucci was founded by an Italian fashion designer named Guccio Gucci.  Guccio Gucci was in his 40s when he started his business. He was inspired by celebrities like Marilyn Monroe, Frank Sinatra and Winston Churchill, whom he met while working as an elevator operator at London’s Savoy Hotel.  Guccio wanted to create a brand which would be adored by every celebrity in the world.

2) It is well known celebrities around the world are huge fans of the brand.  However, American rapper 2 Chainz took his Gucci obsession to the next level when he said, “When I die, bury me in a Gucci store.”

3) Gucci is famous for its floral scarves.  These scarves were designed by Guccio Gucci’s son Rodolfo Gucci for famous Hollywood actress and Princess of Monaco, Grace Kelly.

4) The Company suffered from bankruptcy after news of Aldo Gucci’s tax evasion was made public by his son Paolo Gucci.  To control the damage caused by the scandal and to boost its sales, the Company hired famous American designer Tom Ford as its creative director.  Tom Ford modernized the brand and increased its sales by 90 %.

5) In 1998, a jeans created by the brand found a place in the Guinness World Records as the most expensive jeans in the world.  Named “Genius Jeans,” it was sold for $ 3,134 in Milan.  However, the record was then broken by Levi’s, which sold a pair of jeans for $ 60,000 in 2005.

6) During World War II, when Italy was under the rule of dictator Benito Mussolini, the brand found it difficult to acquire leather.  This forced Gucci to experiment with other materials like silk and bamboo. 

7) In 2017, Gucci became the first brand in history to host a fashion show at the famous Westminster Abbey in London.

Which of these unknown facts about Gucci surprised you the most?  Comment below and let us know.

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    Aman

    October 16, 2019 at 2:04 am

    These facts are interesting

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Wharton Graduate Eric Tse Becomes Billionaire At 24

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Richest Self Made Women Entrepreneurs,Startup Stories,Self Made Women Entrepreneurs,Richest Women Entrepreneurs,Richest Self Made Women,Women Entrepreneurs 2019,Zhou Qunfei,Denise Coates,Diane Hendricks,Giuliana Benetton,Doris Fisher,Top 5 Richest Self Made Women Entrepreneurs

Eric Tse, a Wharton graduate, was gifted $ 3.8 billion by his parents in the form of 2.7 billion shares of his parents’ company, Sino Biopharmaceutical Limited.

It was also reported along with the gift, Eric Tse was also promoted to the position of executive director at Sino Biopharmaceutical, after working at the Company for 1 year.  As the executive director, Eric Tse will have a salary of $ 498,000 annually plus bonuses.

Now, Forbes lists Eric Tse as the 546th richest person in the world.  Moreover, Bloomberg also reported the shares transferred to Eric Tse are equivalent to 21.45 % of the Company’s share capital. 

Tse Ping, Eric’s father, founded the billion dollar company Sino Biopharmaceutical in 2000 and serves as the CEO of the Company.  Cheung Ling Cheng, Eric Tse’s mother, also serves as the Vice Chairperson of Sino Biopharmaceutical. Theresa, Eric’s older sister, who is currently the Company’s Chairperson, owns 11 % of the Company. 

According to a statement released by Sino Biopharmaceutical, the shares were transferred to Eric Tse in an effort to refine the management of the Company and the inheritance of the family wealth.  The statement also added the board of directors believe the transfer of shares will not have any material impact on the business operations of the Company.

Eric Tse, who majored in Finance at the Wharton School of the University of Pennsylvania, was also the co founder of the Penn Wharton China Summit.  The non profit organisation grew to become America’s largest student organized summit in China.

Despite the sudden increase in wealth, Tse expressed his wish of not wanting to participate in wealth ranking

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Huawei Unknown Facts

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Huawei Amazing Facts, Huawei Facts, Huawei Facts 2019, Huawei History and Facts, Huawei Lesser Known Facts, Huawei Success Story, Huawei Unknown Facts, Inspiring Facts about Huawei, Interesting Facts 2019, Most Interesting Facts, startup stories, Surprising Facts About Huawei

Huawei is the world’s largest manufacturer of telecommunication equipment.  The Company was founded in 1987 by the 42 year old Ren Zhengfei.  Considered one of the world’s largest technology brands, Huawei was valued at $ 105.1 billion in 2018.  Here are a few unknown facts about this tech company.

Unknown facts about Huawei

1) Founder Ren Zhengfei came up with the name Huawei after coming across the phrase ‘Zhonghua youwei,’ which meant ‘China has promise.’ 

2) The name Huawei can be quite difficult for non Chinese people to pronounce.  Huawei is pronounced as ‘Waa wai,’ but Huawei’s pronunciation varies by countries.  This led the Company to launch a name recognition campaign, where they used “Wow way” to encourage a pronunciation closer to the actual one.

3) Huawei puts more focus on Research and Development (R and D,) with more than 40 % of the Company’s employees working in the R and D department. 

4) Huawei’s Ox Horn Campus is famous for its European style architecture.  Based in Guangdong, the R and D campus consists of 12 small ‘towns,’ modeled after famous European cities like Paris, Granada and Bruges.  The research buildings of every ‘town’ are a replica of popular castles, palaces and many more.

5) Huawei’s 5G tech played a big part in the world’s first remote brain surgery.  Dr. Ling Zhipei performed the brain surgery on a patient suffering from Parkinson’s disease.  The surgeon operated on the patient, who was 3,000 km away from him, by manipulating surgical instruments with the help of a computer and 5G network.  After the success, Dr. Zhipei credited Huawei’s 5G technology for ensuring a nearly real time operation.

6) In the tech industry, Apple is considered a direct rival of Huawei.  However, this rivalry did not stop Huawei founder and CEO Ren Zhengfei from using Apple products.  Zhengfei considers Apple’s iPhone the best phone in the world and revealed his family prefers Apple’s products over Huawei’s.

 

Did you find any of these unknown facts interesting?  Comment below and let us know.

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Netflix To Face Stiff Competition Soon

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Netflix To Face Stiff Competition Soon,Startup Stories,Netflix faces stiff competition,Challenges Netflix Faces,Netflix CEO Reed Hastings,Netflix intense competition,Netflix Latest News 2019,Biggest Streaming Service in World

Netflix, which has been enjoying the status of being the biggest streaming service in the world, will face tough competition, come November.  Netflix stayed ahead of many key rivals like Amazon Prime Video and Hulu, since its inception in 2010. However, with giants like Apple and Disney entering the streaming market, the streaming war is expected to enter a new phase by 2020. 

Tech giant Apple announced its own streaming platform called Apple+.  Apple+ will be made available from November 1st, 2019 in over 100 countries, with a minimal fee of $ 4.99.  With the promise of bringing fresh and original content, Apple is investing quite a lot of money in Apple+.

Similarly, Disney is also planning to launch its own streaming service on November 12th, 2019.  The streaming service will be available initially in the U.S., Canada, and the Netherlands, prior to its introduction to the rest of the world.  With its enormous list of popular movies and series like Star Wars and Pirates of the Carribean, the Disney streaming service is expected to give tough competition to others.  With a subscription fee of $ 6.99, Disney is planning to offer every Disney and Pixar animated movie within the first year of its launch. 

Moreover, Netflix is also facing competition from other streaming services like A&T’s WarnerMedia, which is planning to launch HBO Max in early 2020.  A&T also reclaimed the streaming rights of popular show Friends from Netflix.

With popular shows and movies leaving the platform, Netflix is also facing difficulty in acquiring actors, directors and producers in order to keep the audience interested. 

Despite facing such stiff competition, Netflix remained unfazed, with its CEO Reed Hastings stating, “Disney will be a great competitor.”  With so many new competitors entering the market in 2020, it will be interesting to see which online streaming service remains at the top.

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