Luciano Benetton

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Luciano Benetton
Luciano Benetton.jpg
Member of the Senate
In office
23 April 1992 –14 April 1994
Personal details
Born (1935-05-13) 13 May 1935 (age 88)
Treviso, Italy
Political party Italian Republican Party
Children4, including Alessandro
Relatives Giuliana Benetton (sister)
Carlo Benetton (brother)
Gilberto Benetton (brother)
Residence(s)Treviso, Italy
OccupationCo-founder of Benetton Group

Luciano Benetton (born 13 May 1935) is an Italian billionaire businessman and one of the co-founders of Benetton Group, an Italian fashion brand. He served as the chairman of Benetton from 1978 to 2012. [1]

Contents

Early life

Luciano Benetton was born on 13 May 1935 in Treviso. [2] His father had a small business and following his death, [3] Benetton dropped out of school at the age of 14 to work in a clothing shop. [2] He saved money to buy a $200 knitting machine and teamed up with his sister to produce a collection of twenty pieces of yellow, green and pale blue sweaters. [4]

Career

In 1965, together with his siblings Giuliana, Carlo and Gilberto, he founded Benetton Group. [2] [5]

In 1992, he was elected to the Italian Senate. [6]

In 2003, he announced that his family is stepping down from running the company, due to decreasing sales and increased competition. [7]

In 2006, he founded the Imago Mundi Collection, a collection of contemporary art in 10 by 12 cm format from around the world. [8]

In May 2015, Forbes estimated the net worth of Luciano Benetton and each of his three siblings at US$2.9 billion. [9]

Personal life

He is married with four children and lives in Treviso. [9] His son Alessandro chaired Benetton Group from April 2012 to May 2014. [10] [11]

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References

  1. ↑ "Luciano Benetton: Executive Profile & Biography – Bloomberg". www.bloomberg.com. Retrieved 22 November 2017.
  2. 1 2 3 "Luciano Benetton". Encyclopædia Britannica. Retrieved 10 September 2016.
  3. ↑ Berend, Ivan T. (22 September 2016). An Economic History of Twentieth-Century Europe: Economic Regimes from Laissez-Faire to Globalization. Cambridge University Press. ISBN   978-1-316-54628-4.
  4. ↑ Berend, Ivan T. (22 September 2016). An Economic History of Twentieth-Century Europe: Economic Regimes from Laissez-Faire to Globalization. Cambridge University Press. ISBN   978-1-316-54628-4.
  5. ↑ Waxman, Sharon (17 February 1993). "THE TRUE COLORS OF LUCIANO BENETTON". Washington Post. ISSN   0190-8286 . Retrieved 21 November 2017.
  6. ↑ McDonough, John; Egolf, Karen (18 June 2015). The Advertising Age Encyclopedia of Advertising. Routledge. ISBN   978-1-135-94913-6.
  7. ↑ "Luciano Benetton | Italian manufacturer". Encyclopedia Britannica. Retrieved 22 November 2017.
  8. ↑ "Mission". Fondazione Imago Mundi. Retrieved 11 November 2023.
  9. 1 2 "Luciano Benetton". Forbes. Retrieved 25 May 2015.
  10. ↑ Wojewoda, Nicolò (8 September 2017). How to Engage Youth to Drive Corporate Sustainability: Roles and Interventions. Routledge. ISBN   978-1-351-27546-0.
  11. ↑ "Benetton Heir Alessandro Goes It Alone With Private Equity Firm". Bloomberg.com. 6 April 2016. Retrieved 22 November 2017.


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