Question: This may have been explored in the movie but a bit unsure... how come Gucci had to sell out? Was it financial difficulty?
Question: Did the Guccis ever own a Klimt painting, were they not in the Netherlands until 1998? Were they not Nazi plunder?
Answer: No.
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.