Factual error: When Patrizia tells Maurizio that she talked to Paolo, the coffee table showcases a variety of books completely inappropriate for the 1983 timeframe (for instance there's "All Prints of Kusama Yayoi" with her pumpkin print from 2005 on the cover and "The Lives of Others" by Simon Watson, which came out in 2020). (01:16:45)
Other mistake: The IRS agent that knocks at the door of Aldo's squash booth sports a badge that is more phony than a football bat; it doesn't have a name, expiration date, or a full sentence on it. (01:21:05)
Factual error: Aldo Gucci's arrest happened in January 1986, but when Paolo reads the news on "La Stampa", the article next to it refers to researcher Thomas Chalmers asking for a smoking ban on US airlines. That's August of the same year. (01:21:10)
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)
Factual error: The judge sentences Aldo to a year and a day of prison, and that's accurate, but he adds "In a state penitentiary." Aldo Gucci served time at the so called "Club Fed", the Federal Prison Camp of Eglin. (01:22:50)
Factual error: When Paolo insults Maurizio and Patrizia after the disaster at his fashion show, in the background there's a street sign (a red and blue circle with a cross) which was introduced only in 1992. The scene is set in 1986. (01:25:50)
Factual error: When the Financial Police (Guardia di Finanza) arrives at Maurizio's Mansion, it should be in the late 80s, but they drive an Alfa Romeo 155. This car was produced from 1992 until 1998. (01:29:21)
Continuity mistake: When Maurizio corrects Patrizia saying the restaurant was at the second floor of the Tour Eiffel, Lady Gaga goes from both hands joined to one hand up in the air in the middle of a gesture. An even more blatant instance later when he lambasts her saying they wouldn't tell her if they did mind her gab. (01:36:05)
Continuity mistake: When Patrizia retorts Maurizio's confrontational attitude with "YOU are an unnecessary detail" she holds the glass with her right hand, which becomes the left in the reverse shot. (01:36:30)
Continuity mistake: When Maurizio tells Patrizia to stay away from "Gucci" and that he can handle the company himself, Lady Gaga's hand is higher up on the bedpost, past the ring. It's lower, below the ring, in the reverse shot. (01:38:40)
Continuity mistake: In the Christmas gifts scene, Lady Gaga picks the gift card with her left hand, it's in her right hand in the next shot, left hand again at the cut. (01:41:20)
Continuity mistake: Paola tells Patrizia that she made strudel. Her cigarette hand is down, but in the next shot the arm is on top of the bench's back. (01:42:05)
Continuity mistake: When Paola stands and leaves with vague promises of strudel deliveries, Patrizia's hands are joined. Cuts to her watching Paola leave, and she's smoking, hands apart. (01:43:25)
Factual error: In the scene after the "stealing" argument with Paola, Patrizia asks her indifferent husband "Do you like my hair?" He's reading a page from "Il Foglio." First, it can't be the actual newspaper because it literally means "The Sheet" and its format is exactly that, a single page and he's reading a large bundle of pages, but more importantly, "Il Foglio" was founded in 1996, after Gucci's death. (01:43:55)
Continuity mistake: Nemir Kirdar in their first meeting tells Maurizio that family business means family problems. The cigar in his hand is tilted at a different angle in the reverse shot. (01:47:35)
Factual error: When Tom Ford reads The New York Times article about his successful show, his copy from Sunday March 13 1995 is a Frankenstein made out of different articles from different parts of the year that don't match the titles (the 'utility employees' article is actually about a single mother in a dire situation, published on December 26, the 'Soviet ship' article is from November 10). Also, there's the small detail that March 13 1995 was a Monday, not a Sunday. (02:16:35)
Continuity mistake: When Patrizia paints her phone number on the scooter's windshield the numbers change between shots, check the 5 for example.
Continuity mistake: When Aldo and Rodolfo first meet, the hat on the table swaps between being on the sunny side or in the shadows, depending on the shot.
Factual error: When Aldo and Maritzio are doing dishes in Maritzio's apartment there is an LED light bulb sitting in a glass on the shelf. It is slightly larger than the standard light bulb and wouldn't have been available at the time the movie takes place.
Other mistake: The hour of Maurizio Gucci's death was declared as being at around 8 am, but when he rides his bike going to the "crime scene", on the street there is a clock showing 9:40.
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.