Original: The House of Gucci, better known simply as Gucci, is an Italian fashion and leather goods label, part of the Gucci Group, which is owned by French company Pinault-Printemps-Redoute (PPR).
Simplified: Gucci is seen as one of the most famous, successful, and easily recognizable fashion brands in the world. Gucci is now owned by the French conglomerate company, Pinault-Printemps-Redoute (PPR).