Luciano Benetton

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Luciano Benetton
Luciano Benetton.jpg
Born (1935-05-13) 13 May 1935 (age 83)
Residence Treviso, Italy
Nationality Italian
Occupation Co-founder of Benetton Group
Net worth $2.9 billion (May 2015)
Spouse(s) married
Children 4 (including Alessandro Benetton)
Family Giuliana Benetton (sister)
Carlo Benetton (brother)
Gilberto Benetton (brother)

Luciano Benetton (born 13 May 1935) is an Italian billionaire businessman, one of the co-founders of Benetton Group, the Italian fashion brand.

He served as the chairman of Benetton from 1978 to 2012.[1]

Early life

Luciano Benetton was born on 13 May 1935 in Treviso, Italy.[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 pieced of yellow, green and pale blue sweaters.[4]

Career

In 1965, together with his siblings, Giuliana Benetton, Carlo Benetton and Gilberto Benetton, 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 the decreasing sales and the increased competition.[7]

In May 2015, Forbes estimated the net worth of Luciano Benetton and each of his three siblings at US$2.9 billion.[8]

His business practices have come under attack: "His business world wide has been taking lands from natives, with the complicity of local governments. In his hands lies gallons of innocent blood."[9]

Personal life

He is married with four children and lives in Treviso, Italy.[8] His son, Alessandro Benetton chaired Benetton Group from April 2012 to May 2014.[10][11]

References

  1. ^ "Luciano Benetton: Executive Profile & Biography - Bloomberg". www.bloomberg.com. Retrieved 2017-11-22. 
  2. ^ a b c "Luciano Benetton". Encyclopædia Britannica. Retrieved 10 September 2016. 
  3. ^ Berend, Ivan T. (2016-09-22). An Economic History of Twentieth-Century Europe: Economic Regimes from Laissez-Faire to Globalization. Cambridge University Press. ISBN 9781316546284. 
  4. ^ Berend, Ivan T. (2016-09-22). An Economic History of Twentieth-Century Europe: Economic Regimes from Laissez-Faire to Globalization. Cambridge University Press. ISBN 9781316546284. 
  5. ^ Waxman, Sharon (1993-02-17). "THE TRUE COLORS OF LUCIANO BENETTON". Washington Post. ISSN 0190-8286. Retrieved 2017-11-21. 
  6. ^ McDonough, John; Egolf, Karen (2015-06-18). The Advertising Age Encyclopedia of Advertising. Routledge. ISBN 9781135949136. 
  7. ^ "Luciano Benetton | Italian manufacturer". Encyclopedia Britannica. Retrieved 2017-11-22. 
  8. ^ a b "Luciano Benetton". Forbes. Retrieved 25 May 2015. 
  9. ^ "Quién es Santiago Maldonado, el joven cuya desaparición tuvo en vilo a Argentina - BBC Mundo". bbc.com. Retrieved 3 November 2017. 
  10. ^ Wojewoda, Nicolò (2017-09-08). How to Engage Youth to Drive Corporate Sustainability: Roles and Interventions. Routledge. ISBN 9781351275460. 
  11. ^ "Benetton Heir Alessandro Goes It Alone With Private Equity Firm". Bloomberg.com. 2016-04-06. Retrieved 2017-11-22. 


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