Adam Driver and Lady Gaga portray Maurizio Gucci and Patrizia Reggiani in the coming film 'House of Gucci', about the murder of Maurizio at the behest of Reggiani. Instagram, Commons
Adam Driver and Lady Gaga portray Maurizio Gucci and Patrizia Reggiani in the coming film 'House of Gucci', about the murder of Maurizio at the behest of Reggiani. Instagram, Commons
Adam Driver and Lady Gaga portray Maurizio Gucci and Patrizia Reggiani in the coming film 'House of Gucci', about the murder of Maurizio at the behest of Reggiani. Instagram, Commons
Adam Driver and Lady Gaga portray Maurizio Gucci and Patrizia Reggiani in the coming film 'House of Gucci', about the murder of Maurizio at the behest of Reggiani. Instagram, Commons

Is 'House of Gucci' based on a true story? The shocking crime behind new Lady Gaga film


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As a woman who enjoys a flair for the dramatic, Lady Gaga's casting as Italy's stylish and famously quick-tongued "Black Widow" Patrizia Reggiani couldn't be more perfect.

The diminutive Oscar-winner, 34, has been photographed on the set of the Ridley Scott-directed House of Gucci, wearing a series of looks designed to showcase the style and excess of the 1980s and early 1990s.

As Reggiani, the ex-wife of Gucci heir Maurizio Gucci (played by Adam Driver), Gaga, whose real name is Stefani Germanotta, spearheads the film from the four-time Oscar-nominated director. It's the latest in a long line of fashion house exposés that have lifted the lid on the scandals that have made the industry so notorious over the years.

House of Gucci focuses on the world-famous fashion family and the events leading up to the March 1995 murder of Maurizio, which, at her trial in 1998, Reggiani was found guilty of arranging.

The film also stars a trio of Oscar winners, with Jared Leto as Maurizio’s cousin Paolo Gucci, Al Pacino as Aldo Gucci and Jeremy Irons as Maurizio’s father, Rodolfo Gucci, both sons of Guccio Gucci, who founded the company in 1921.

Hollywood actresses Angelina Jolie, Penelope Cruz and Margot Robbie had all been in contention over the years to play Reggiani in the film, which is based on the 2001 book by Sara Gay Forden, The House of Gucci: A Sensational Story of Murder, Madness, Glamour, and Greed. And before Driver won the role of the ill-fated Maurizio, Leonardo DiCaprio was slated to star as the fashion house scion.

Life of luxury

Maurizio Gucci and Patrizia Reggiani were married in 1973 against the wishes of his father. They split up in 1985 and divorced in 1991. Commons
Maurizio Gucci and Patrizia Reggiani were married in 1973 against the wishes of his father. They split up in 1985 and divorced in 1991. Commons

On the morning of March 27, 1995, while walking from his apartment in Milan to his place of work on Via Palestro 20, Maurizio was shot three times by a gunman on the steps of his office. It would be another two years before prosecutors would find enough evidence to pin co-ordination of the murder on his ex-wife, Reggiani.

I was furious with Maurizio. I went around asking everyone, even the local grocer: 'Is there someone who has the courage to murder my husband?'

The pair, who have two daughters, Allegra and Alessandra, married in 1973. Maurizio was the head of the famed Gucci fashion house, which started life as a leather luggage business, while Reggiani came from far less glamorous and wealthy stock.

Her humble beginnings became a bone of contention in the family, with Maurizio's father believing her to be after his only son's money, leading him to cut off Maurizio's funding. He was also rumoured to have enlisted the help of the Cardinal of Milan to try and call off the wedding.

Predating “Brangelina” and “Bennifer” by a few decades, Maurizio and Reggiani revelled in their portmanteau “Mauizia”, displaying the amalgamation on the licence plates of their cars and living a life of ostentatious luxury.

The couple divided their time between a ski chalet in St Moritz, their 9,000-square-foot penthouse in Manhattan's Olympic Tower on Fifth Avenue, a 64-metre yacht named The Creole, a villa in Acapulco, Mexico, their farm in Connecticut and a number of private islands dotted around the globe. Reggiani was also known to spend the equivalent of $15,000 a month on orchids in the mid-1970s.

From ‘Lady Gucci’ to ‘Black Widow’

Adam Driver and Lady Gaga star as Maurizio and Reggiani in 'House of Gucci'. Getty
Adam Driver and Lady Gaga star as Maurizio and Reggiani in 'House of Gucci'. Getty

Dubbed "Lady Gucci" by the Italian press for her jet-set lifestyle, the marriage between Reggiani and Maurizio ended in May 1985 when he reportedly packed his bags for a business trip to Florence and never returned home. Two years previously, Maurizio had taken control of the Gucci empire after the death of his father in 1983.

"Maurizio was not a shrewd businessman or marketing whizz like his father or uncle," reported fashion site Grailed. "In fact, he was downright awful for Gucci, and in 1988, with the company floundering under his leadership, Maurizio sold a controlling stake in the brand to Bahraini holding company Investcorp. With Aldo's children kicked out alongside their father, Maurizio's subsequent liquidation of his shares in 1993 meant that the Gucci family was completely divested from the company that bore its name."

Maurizio and Reggiani divorced in 1991 and Maurizio agreed to pay her $1.5 million a year in financial support for the rest of her life. Maurizio then planned to marry the younger Paola Franchi, who will be played by French actress Camille Cottin.

During Reggiani’s trial, it emerged that she feared if Maurizio remarried, she would lose her money and status, and that her daughters’ inheritance would disappear if her ex-husband started a family with his new love.

‘Is there someone who has the courage to murder my husband?’

Reggiani was released in October 2018 after serving 16 years in prison. EPA
Reggiani was released in October 2018 after serving 16 years in prison. EPA

In the Discovery+ documentary Lady Gucci: The Story of Patrizia Reggiani, which premieres on Sunday, Reggiani tells the filmmakers: "I was furious with Maurizio. I went around asking everyone, even the local grocer: 'Is there someone who has the courage to murder my husband?'"

However, it was a pizzeria owner, not a grocer who took Reggiani up on her offer, and Benedetto Ceraulo agreed to a six-figure payment to kill Maurizio. He was sentenced to life in prison at the trial, with Pina Auriemma, a close friend of Reggiani, sentenced to 25 years for allegedly having organised the killing for a $415,000 fee. A hotel night porter called Ivano Savioni was handed a 26-year sentence after it was alleged he hired the getaway driver and the killer, while getaway driver Orazio Cicala was sentenced to 29 years.

Reggiani, who wore head-to-toe Gucci throughout the trial, claimed Auriemma had hired the hitman without her authorisation and had then blackmailed her after the murder had taken place.

Reggiani was released in October 2018, after serving 16 years of her 26-year sentence. Now 72, and the recipient of a $1.5 million-a-year annuity from the Gucci estate owing to the original divorce settlement she signed, she recently revealed her irritation at Lady Gaga portraying her on film.

"I'm annoyed by the fact that Lady Gaga is portraying me in the new Ridley Scott film without even having the courtesy or the good sense to come and meet me," she told Italian national news agency Ansa. "I believe that any good actor should first get to know the person that they are meant to be playing. I think it is not right that I wasn't contacted."

This story was originally published on March 23, 2021.

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The National selections

6.30pm: Gifts Of Gold

7.05pm Final Song

7.40pm Equilateral

8.15pm Dark Of Night

8.50pm Mythical Magic

9.25pm Franz Kafka

While you're here
What are NFTs?

Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.

This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”

This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.

Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

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Our legal consultants

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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The Light of the Moon

Director: Jessica M Thompson

Starring: Stephanie Beatriz, Michael Stahl-David

Three stars

In-demand jobs and monthly salaries
  • Technology expert in robotics and automation: Dh20,000 to Dh40,000 
  • Energy engineer: Dh25,000 to Dh30,000 
  • Production engineer: Dh30,000 to Dh40,000 
  • Data-driven supply chain management professional: Dh30,000 to Dh50,000 
  • HR leader: Dh40,000 to Dh60,000 
  • Engineering leader: Dh30,000 to Dh55,000 
  • Project manager: Dh55,000 to Dh65,000 
  • Senior reservoir engineer: Dh40,000 to Dh55,000 
  • Senior drilling engineer: Dh38,000 to Dh46,000 
  • Senior process engineer: Dh28,000 to Dh38,000 
  • Senior maintenance engineer: Dh22,000 to Dh34,000 
  • Field engineer: Dh6,500 to Dh7,500
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Milestones on the road to union

1970

October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar. 

December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.

1971

March 1:  Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.

July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.

July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.

August 6:  The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.

August 15: Bahrain becomes independent.

September 3: Qatar becomes independent.

November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.

November 29:  At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.

November 30: Despite  a power sharing agreement, Tehran takes full control of Abu Musa. 

November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties

December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.

December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.

December 9: UAE joins the United Nations.

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SPECS
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Sukuk explained

Sukuk are Sharia-compliant financial certificates issued by governments, corporates and other entities. While as an asset class they resemble conventional bonds, there are some significant differences. As interest is prohibited under Sharia, sukuk must contain an underlying transaction, for example a leaseback agreement, and the income that is paid to investors is generated by the underlying asset. Investors must also be prepared to share in both the profits and losses of an enterprise. Nevertheless, sukuk are similar to conventional bonds in that they provide regular payments, and are considered less risky than equities. Most investors would not buy sukuk directly due to high minimum subscriptions, but invest via funds.

Spider-Man: No Way Home

Director: Jon Watts

Stars: Tom Holland, Zendaya, Jacob Batalon 

Rating:*****

match info

Athletic Bilbao 1 (Muniain 37')

Atletico Madrid 1 (Costa 39')

Man of the match  Iker Muniain (Athletic Bilbao)

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Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

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