Flourishing Florence

Renaissance in family hands

Few European cities tell the story of family legacy as naturally as Florence. Its Renaissance palaces, iconic architecture and world-renowned museums are testament to the tireless efforts of the Florentine families who shaped the city’s economic, political and artistic landscape. Florence amassed its wealth through a combination of key industries: the processing of wool and cloth, goldsmithing, and high-quality leather goods, further solidified by its rise as a financial center. The spirit that once shaped an entire era continues to resonate strongly within the city.

Medici: The Heart of Florence

No name is more synonymous with Florence than the Medici, the powerful dynasty whose banking empire established the city as Europe’s political and cultural center of power in the 15th century. The Palazzo Medici Riccardi, the family’s first city palace, still bears witness to their influence and aesthetic sensibilities. Within the nearby Basilica of San Lorenzo, framed by the Medici Chapels with their sculptures by Michelangelo, the Medici are immortalized in marble as patrons of the arts and master builders of Florence. Once the administrative building of the Medici, the Uffizi Gallery houses art treasures by Botticelli, Raphael and Da Vinci – a testament to a family that elevated its cultural heritage to state art.

Family lines – From banking house to fashion brand

Other families, including the Strozzi and the Rucellai, also left their mark on the city. Now a center for cultural and artistic events, the Palazzo Strozzi serves as a powerful reminder of the Strozzi family’s rivalry with the Medici and the golden age of Florentine banking. The Ponte Vecchio, a bustling market street for goldsmiths and jewelers as well as a popular postcard motif, still houses family businesses that have preserved their craft for generations.

Florence is also the birthplace of influential fashion designers: Guccio Gucci founded his leather factory here in 1921, and Salvatore Ferragamo founded his shoe atelier in 1927 (see cover story). Despite their global presence today, both companies’ strong ties to their homeland are evident in their museums, flagship stores and distinctive brand identities.

Where heritage meets joie de vivre

While deeply steeped in history, Florence is far from stuck in the past: It shines and pulsates with vibrant life. The day starts with a traditional standing espresso at the caffè bar and continues later with a Chianti from the nearby wine region or a gelato. As you sip a bittersweet Negroni – its red glow mirroring the sunset at the Piazzale Michelangelo – you’ll instinctively grasp the enduring link between history and modernity, between the city’s artisan pride and its entrepreneurial spirit.

Florence remains a living monument to the courage of its families and the timeless art of reconciling tradition with change.