After a nearly six-year legal battle for control over Gucci against Aldo Gucci, in 1989 Maurizio Gucci was made chairman of the Gucci group.[7] Maurizio did not have a background in business, and by 1993 the business was in dire economic and creative straits.[3] That year Maurizio Gucci resigned and sold his remaining interest to Investcorp, ending the Gucci family's association with the company.[5] In 1995, Maurizio Gucci was gunned down by a hired hit man.