Character mistake: Paolo whines at the phone about his father going to jail when he's 70 years old. Like Al Pacino who plays him, Aldo Gucci was 80 at the time of the arrest. (01:21:35)
Character mistake: Aldo tells Rodolfo to reconcile with his son, saying "Sunday is my birthday." Aldo Gucci was born on May 26th, which was not a Sunday in 1980 nor 1981, which is when the scene would take place. (00:31:30)
Answer: Yes. Basically, within the narrative of the film, Maurizio is weak-willed and easily manipulated by Patrizia; he didn't even want to be involved in running Gucci in the first place and has no real business acumen. So, he both overextends the firm and spends a huge amount of money on an extravagant lifestyle, which leaves him in financial trouble and at the mercy of a hostile takeover.