It’s true, Mossimo Giannulli is famous for being the husband of actress Lori Loughlin, but that’s not the only reason he’s a celebrity. The man is an American fashion designer and founder of Mossimo, a clothing company founded in 1986. Interestingly, the clothing line that’s now a multi-billion dollar company had a very humble beginning when it was launched in a garage. All Giannulli had was the $100,000 loan he received from his father.
This was after he dropped out of college at theUniversity of Southern California, where he studied architecture. Whatever the case, Mossimo was able to propel his apparel business to the point where it caught the attention of the Iconix Brand Group. The group bought the company in 2006. What has the fashion designer been up to since then? Let’s find out together.
Mossimo Giannulli Biography
It was June 4 and in 1963that the fashion designer was born. His birthplace was in Southern California. The fashion designer named Massimo Giannulli changed his first name to make it easier to pronounce. He is the first child of his parents (Gene Giannulli and Nancy Giannulli) and grew up in Southern California with their younger children.
When Mossimo finished high school, he moved on to the University of Southern California. But as fate would have it, he gave up his studies for three years to pursue his dream of becoming a fashion designer inspired by his surroundings. To achieve his dream, Mossimo Giannulli, then in his early twenties, took a $100,000 loan from his father and started a small eponymous beach lifestyle company out of a garage on Balboa Island, Newport Beach, Southern California. that was in 1986.
Within the first year of launch, the then-budding fashion designer made a whopping $1 million, and the following year he made $4 million. This only encouraged him to expand the business.
Facts about Lori Loughlin’s husband
1. Fortune
By 1994, Mossimo, Inc. Mossimo Giannulli was among the youngest CEOs in the country. It was only natural that the brand went public in 1996 and expectedly appreciated in value.
For 17 years as of March 2000, the company has been a leading fast fashion label in its target stores following a $27.8 million multi-product licensing deal with the eighth largest retailer in the United States. In 2006, 6 years after signing the contract, Mossimo Giannulli sold his brand to the Iconix Brand Group.
Mossimo clothing is currently sold both inside and outside the United States. In September 2018, the brand collaborated with The Simpsons to produce a line of streetwear that had the cartoon characters emblazoned on them. Following his tremendous success in the fashion industry, Mossimo Giannulli has a net worth of $50 million according to various reliable sources.
2. Mossimo’s marriages
Mossimo Giannulli was married twice for the first time to a woman named Chris, with whom he had a son named Gianni Gene Giannulli. They were married for just five years before the union divorced.
The designer met his second wife, actress LoriLoughlin, in 1995, at a Los Angeles restaurant, and after dating for two years, they eloped and married on November 27, 1997, both spontaneously in ski hats and sweatpants. Then they went to Thanksgiving and told everyone they were married.
Just like Giannulli, Lori, best known for her role on the sitcom, Full House, has also been married before. She married Michael R. Burns in 1989 and they divorced in 1996.
3. His children
Giannulli and Lori have two daughters together. They welcomed their first daughter, Isabella Rose, on September 16, 1998, and the following year, Olivia Jade was born. She arrived on September 28, 1999 and is known for her self-proclaimed YouTube channel where she posts videos about makeup, fashion, lifestyle and occasionally some challenges.
The fashion guru currently lives in Southern California with his family.
4. Controversy
In March 2019, Mossimo Giannulli and his wife, along with others, were embroiled in a scandal involving paying $500,000 to have their daughters admitted to the University of Southern California. Mossimo and Lori surrendered to federal authorities in Los Angeles, but were eventually released after they each met their $1 million bail.
Although they have not yet been found guilty as defendants, the family is already feeling the brunt of the scandal.