Luciano Benetton Interview (June 19, 1986)
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 pieced 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 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.[8] His son Alessandro chaired Benetton Group from April 2012 to May 2014.[9][10]
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