Luciano Benetton

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

Luciano Benetton
Member of the Senate
In office
23 April 1992 – 14 April 1994
Personal details
Born (1935-05-13) 13 May 1935
Treviso, Italy
NationalityItalian
Political partyItalian Republican Party
Children4 (including Alessandro Benetton)
RelativesGiuliana Benetton (sister)
Carlo Benetton (brother)
Gilberto Benetton (brother)
ResidenceTreviso, Italy
OccupationCo-founder of Benetton Group

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 decreasing sales and 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]

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.[9][10]

References
  1. "Luciano Benetton: Executive Profile & Biography - Bloomberg". www.bloomberg.com. Retrieved 2017-11-22.
  2. "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. "Luciano Benetton". Forbes. Retrieved 25 May 2015.
  9. Wojewoda, Nicolò (2017-09-08). How to Engage Youth to Drive Corporate Sustainability: Roles and Interventions. Routledge. ISBN 9781351275460.
  10. "Benetton Heir Alessandro Goes It Alone With Private Equity Firm". Bloomberg.com. 2016-04-06. Retrieved 2017-11-22.
  • Files about his parliamentary activities (in Italian): XI legislature
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