Luciano Benetton
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 partyItalian Republican Party
Children4, including Alessandro
RelativesGiuliana 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]

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]

References

  1. ^ "Luciano Benetton: Executive Profile & Biography – Bloomberg". www.bloomberg.com. Retrieved 22 November 2017.
  2. ^ a b c "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. ^ a b "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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