Valerio Giacomelli

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House of Gucci: when the risk is inside

Flying back to Cape Town from Mauritius, one in-flight film surfaced a familiar pattern—power, ego, family: why the real threat to a brand isn’t always the market, but what happens inside the company.

  • Entrepreneurship
  • Strategy
  • Family
  • Values

Last night, flying back to Cape Town from Mauritius, I watched the only film on the airline’s list that appealed to me in that moment: House of Gucci.

It wasn’t in Italian — and maybe that also helps create a little emotional distance.

Watching it, I realized something: beyond fashion, luxury, and big names, it describes dynamics I’ve seen more than once in the real world.

Inside, not outside

The film is a fairly raw portrayal of how power, ego, family entanglements, and internal fights can become a huge risk for a company.

Not mainly because of the market or competition — but because of what happens inside.

When decisions are no longer guided by vision, but by control.

When roles blur, blood weighs more than competence, and personal relationships seep into governance without guardrails.

In those moments even a very strong brand, with an incredible story and global positioning, can lose direction, value, and time.

Maybe not forever — but long enough to waste years of work.

Internal risk

It struck me as a powerful reminder.

For many companies the real risk isn’t external — it’s internal.

It’s how power is handled, how clear roles are, and whether you can separate affection, ego, and strategic decisions.

The market is unforgiving — but bad internal dynamics can do even more damage, because they work quietly, from within.

A distant story

A movie, yes — but also a useful lesson in how fragile the balance between family, business, and power can be, especially when success arrives before the maturity needed to manage it.

Sometimes a faraway story is enough to recognize dynamics much closer than we think.

In the end the brand survived — but the price was the family walking away completely.