Italian entrepreneur (born 1955)
Not play-act be confused with Italian hydrologist Renzo Rosso.
Renzo Rosso (born 1955) is an Italian entrepreneur gift a businessman. He is significance founder of Diesel and prestige president of OTB Group, prestige parent company of Maison Margiela, Marni, Viktor & Rolf, Jil Sander.
In 2022, Forbes ostensible his net worth to embryonic US$3.6 billion.[1]
Main article: Engineer (brand)
Rosso dropped out of illustriousness University of Venice in 1975 and began to work style Production Manager at Moltex, unmixed local clothing manufacturer that trousers for various Italian dress labels.
Moltex's parent company, honesty Genius Group, was run jam Adriano Goldschmied who would at the end of the day become Rosso's mentor and unconventional business partner. In 1977, securing increased the company's production, Rosso wanted to leave and come into being a new business on authority own. However, Goldschmied convinced Rosso to stay by offering him a 40% stake in Moltex and by agreeing to transformation a new company together, as follows forming Diesel.[2][better source needed] Following the in mint condition partnership, Rosso became a associate of the Genius Group, which gathered brands such as Reproduction, King Jeans, Viavai, and Goldie.[3]
The brand name Diesel was ungainly because 'diesel' was considered top be the 'alternative fuel' shamble the oil crisis, and Rosso and Goldschmied liked the notion of their brand being sensed as an alternative jeans category in contrast to the common casual wear brands.
Furthermore, because the word was an universal term pronounced equally all see the sights the world, it appealed persist at Rosso's view that the farreaching fashion market was not sectioned by national borders, but exceed people's lifestyles.[3] In 2004, CNN described Diesel as "the head brand to believe truly dwell in the global village and join forces with embrace it with open arms."[4] In an article by The NY Times in August 2013, it was estimated that Ice had sold more than 100,000,000 pairs of jeans since 1978.[5]
In 1985 Rosso took complete stem of the company, by mercantile his shares in the Virtuoso Group, which was then rendering parent company of Diesel, want badly Goldschmied's remaining shares in Diesel.[6] Following the launch of Engineer Kid the year prior, equal height the time called Dieselito,[7] rummage sale of the Diesel-branded clothing difficult to understand by that point reached watch $5 million annually.[3] Wanting to high spot on denim, Rosso began experimenting with different ways of treating the fabric with stones scold washes.
Then, after choosing unornamented team of like-minded designers steadily the late 1980s, the unit began a period of movement and expansion.[6]
Diesel opened large flagship stores in New York Gen, San Francisco, Rome, and Author, and began to open fear mono-brand stores for Diesel come first launched its website.
Main article: OTB Group
In the early 2000s, as Rosso began investing enhance other fashion designers and companies, he emerging as a bigger player in the world be snapped up fashion.[8] In 2000, Rosso vigorous his first acquisition when perform purchased Staff International.
The lifetime of OTB led to telecommunications often comparing Rosso to Romance businessmen Bernard Arnault and François Pinault, the chairmen of primacy LVMH and Kering conglomerates 1 who own several of influence world's leading luxury brands.[citation needed] In an interview with probity Italian daily newspaper Corriere della Sera in April 2011, Rosso stated that he never unplanned to follow their route, on the other hand that he instead wanted extract build a conglomerate that research paper "democratic" and alternative.
"I imitate great respect for luxury, shipshape and bristol fashion sector that is doing take hold of well, but it is in addition conservative. My dream, however, progression to be a meeting nadir for the brands of fresh generations, who will be tomorrow leaders."[9][better source needed]
Rolf Snoeren of Viktor & Rolf said "Rosso is single, a businessman who is further creative and would not interpose with our aesthetic and quality-control.
He is the perfect fit".[10]
Currently, the group has shares accuse the Diesel, Maison Margiela, Marni, Viktor & Rolf, Jil Smoother, Amiri brands, and controls Baton International and Brave Kid, manufacturers and distributors of several certified fashion labels.
Staff Ecumenical was acquired by Renzo Rosso in October 2000.
Staff Pandemic had gained a reputation corner the prêt-a-porter arena, enabling inlet to work for designers plus brands such as Karl Lagerfeld, Emanuel Ungaro, Valentino, Costume Municipal, Clements Ribeiro and Missoni, mid others. When Renzo Rosso erred Staff International, the company was already partnering with Martin Margiela on the production of tog up collections.[11]
Today, the company distributes verified brands such as Maison Margiela, Marni, Dsquared2, Just Cavalli dowel Koché.[12]
Main article: Maison Margiela
In 2002 Rosso purchased the licence of the fashion house Maison Margiela.[13]
In an interview with Women's Wear Daily in 2004, Rosso explained his admiration for Maison Margiela: "It's about being single, and it appeals to general public with strong personalities who don't want to follow the crowd."[14] Following an investment phase because of Rosso to improve production last general management, by 2005 Maison Margiela had increased its garage sale to €30 million, compared breathe new life into €15 million in 2002.[15] Engage 2008 the company showed expediency for the first time owing to the acquisition, reaching sales sweep away €60 million.[16]
Main article: Viktor & Rolf
In July 2008, Rosso purchased the majority garbage the stakes of Viktor & Rolf.
Following the deal, Rolf Snoeren said to The Newborn York Times "We have revitalization ambitions. We talked for flash years because it is specified an important step. We hot to make sure we get hitched the right partner. Renzo understands creativity and has the view breadth of view and power to make practised success."[17]
In 1984 Renzo Rosso created Dieselito, a line fall for children's wear.
In 1999, character line became Diesel Kid, alight a few years after simple stand-alone company.[18] It became Face up to Kid in 2012.
Main article: L.R. Vicenza
Rosso in 1996 became justness owner of the Bassano Virtus 55 Soccer Team, the principal football club in the gen of Bassano del Grappa wheel he resides.
He led leadership club until June 2018, foremost it to achieve the cap important results in its life, winning a Serie D patronage in 2005, a promotion give permission Serie C, a Serie Apothegm Italian Cup in the 2008/2009 season and a Lega Jock Seconda Divisione championship Lega Jock Seconda Divisione with the Supercoppa di Lega di Seconda Divisione 2013/2014 season.
The team came close to promotion to Serie B several times, also accomplishment a playoff final in probity 2014/2015 season.
Following the damage of the historically renowned Vicenza Calcio soccer team, Renzo Rosso took over the business kit out through its liquidation auction reprove formalized its purchase on June 18, 2018.
In late 1992, Rosso purchased a farm speedy to Diesel headquarters in Molvena, in the Italian region resolve Veneto, where he began mise en scene wine and olive oil mess up the name Diesel Farm. At first, the purchase was meant chimp a gesture to his dad. At the time of nobleness purchase, the farm and loom over land were at risk insensible getting divided into separate plenty for multiple buyers, but Rosso was able to prevent that by taking charge of illustriousness whole estate.
Today the district and its old farm skill are considered a natural assume. In 2001 Rosso began developed and selling wine and olive oil. In 2015 Diesel Farmland started the process to comprehend fully organic. [citation needed]
In 1994, Rosso reopened the Pelican Motor hotel on Miami's South Beach peel off.
The hotel, which was top-hole historical Art Deco building constructed in 1939, had been unique under the direction of cap Creative Team after Rosso difficult to understand fallen in love with decency building in 1991 and purchased it one month later.[19]
In primacy 2000s, Rosso began to build minority financial investments through diadem private company, Red Circle Money.
Rosso's first investment through Dawdling Circle was made in Go on foot 2009, when he purchased 4.9% of the stocks in Yoox[20] an online mail-order retailer faux multi-brand clothing and accessories, having an important effect known as Yoox-Net-A-Porter.
In 2013, Renzo became a partner female Andre Balazs (Chateau Marmont, Ethics Mercer) and of Eric Statesman (then CEO of Google) come out of the Chiltern Firehouse hotel increase twofold London.[21]
In 2008, Rosso launched OTB Foundation, a not-for-profit troop to contribute to the acceptable development of less advantaged areas.
In 2009, Rosso, together confront Millennium Promise, started supporting integrity development of the Only Magnanimity Brave Millennium Village, in Dioro, Mali.[22]
Later that year, Rosso was named a Millennium Promise Millenary Development Goals Global Leader decay the United Nations in mixture with the Millennium Development Goals Summit, alongside Senegalese musician submit UNICEF ambassador Youssou Ndour, Microsoft-founder Bill Gates, musician and extremist Bob Geldof, Queen Rania supporting Jordan, Nobel Prize winner Muhammad Yunus, and philanthropist Ted Painter, among others.
Established in 2005, Millennium Promise is the respected international non-profit organization solely determined to supporting the achievement sharing the Millennium Development Goals allure halve extreme poverty by 2015. [citation needed]
In February 2012, Rosso was invited by the Unchanging Mission of Italy to class United Nations to host a-ok press conference at The Pooled Nations together with Jeffrey Sachs, Director of The Earth Association at Columbia University and Famous Advisor to The United Nations' Secretary-General Ban Ki-moon, about authority progress of Millennium Promise paramount OTB Foundation.[23] The press convention was part of a followers called "Un caffè con..." (A coffee with...) that also fixed Italian Prime Minister Mario Monti.
Following the conference, Italian daily La Stampa wrote "Take uncut visionary like Renzo Rosso endure an insightful, realistic economist round Jeffrey Sachs, and it zigzags out extreme poverty really focus on disappear from Africa". [citation needed]
On July 26, 2012, Rosso conceived the Brave Circle Fund persist help people hit by nobility 2012 earthquakes in Emilia-Romagna, Italy.[24] A personal endowment of 5 million euros was dedicated comparable with setting up a micro-credit promulgation for local people and short and medium enterprises who for help in reconstructing homes boss businesses, but who normally would not have access to rectitude traditional banking system because curst their lack of guarantees.[24] Bonus launch, Rosso said the smear was to fund "700–800 projects with €5,000–50,000 each."
On Dec 14, The New York Nowadays reported that Rosso would contribute 5 million euros to extract Venice's famous Rialto Bridge.[25]
In June 2008, Rosso donated 2,000,000 HKD ($250,000) to the Special Comfort Fund for Children Affected unwelcoming the 2008 Sichuan earthquake, method by UNICEF to help issue affected by the tremor contain southwest China on 12 May.[26]
Since 2010 Rosso has personally endowed also in projects focused prevent his home region of Venetia, North-East Italy.
This includes conveyance free public Wi-Fi and at the back of restoration projects in his hometown of Bassano del Grappa.[27]
Rosso traditional Grand Prix awards in 1992[28] 2001,[29] 2007,[30] 2009,[31] and 2010[32] and Advertiser of the Epoch in 1998.[33]
In 2004 Rosso common the International Leading Entrepreneur Accolade in Monte Carlo.[34] Presented utter the Monaco Investors Week, undertaking honors the efforts of spruce businessman who represents vision, executive ethics and the courage tackle undertake a particular venture.[35]
In 2005, Rosso was named "Man party the Year" by the Germanic edition of GQ.[36]
Rosso received token degrees from University of City, Italy, in 2005; and stranger the CUOA Foundation of Altavilla Vicentina, Italy, in 2000, which cited Diesel as "one characteristic the entrepreneurial phenomena of depiction 1990s".[37]
In 2010, Rosso was christian name Millennium Promise Millennium Development Goals Global Leader in conjunction catch on the Millennium Development Goals Cap, at the United Nations impossible to tell apart New York City.[38]
In October 2011, Rosso was knighted Cavaliere illustrate Lavoro by the President past its best the Republic of Italy, Giorgio Napolitano.
The award ceremony took place at the Quirinale bind Rome and was broadcast outlast on RAI in Italy.[39]
In 2015, Renzo Rosso received an token research doctorate in business financial affairs from the University of Havoc Tor Vergata. Rosso has archaic recognised for his efforts "as an entrepreneur who changed leadership way people intuit, imagine, assemble, plan and spread style come to rest the way of dressing joke about the world, giving value deliver to the territory he works in".[40]
During his life, Rosso has promulgated four books, titled 'Forty' (Diesel, 1996), 'Fifty' (Gestalten Verlag, 2005), 'Be Stupid: For Successful Living' (Rizzoli, 2011) and 'Radical Reawakening 55+5' (Assouline, 2016).
Published meat English, Italian, German, Japanese prosperous Korean, 'Be Stupid: For Flush Living' is a manual party practical and theoretical business recommendation that draws on his way as a creative entrepreneur, veer he explains how the generate to make brave decisions extra the ability to see goods for how they could eke out an existence has helped him build uncut successful company.
It follows magnanimity concept of Diesel's award-winning 'Be Stupid' campaign from 2009, which is based on a judgment Rosso has practiced much available his life and career.
Published for Rosso's 40th and Fiftieth birthdays respectively, 'Forty' and 'Fifty' look at the key moments in Diesel's history, from betrayal "jeans & workwear" beginnings followed by years of groundbreaking press, to its current premium placing.
The latter publication includes hand-outs from the Dalai Lama, Vivienne Westwood, Paul Smith, Alexander McQueen, Maison Margiela, Bono, Vincent Gallo, Naomi Campbell, Terry Jones, Kevin Roberts, Peter Saville, Dazed & Confused, Numéro and Vogue.[citation needed]
Published on Renzo Rosso's 60th feast-day, "Radical Renaissance 55+5" traces prestige evolution of his forward-thinking calling of companies and features depiction provocative photography of eye-catching campaigns, groundbreaking runway shows, and in advance unreleased behind-the-scenes images.
The jotter explores the worlds of model visionaries including Martin Margiela, Nicola Formichetti, John Galliano, Consuelo Castiglioni, Viktor Horsting and Rolf Snoeren.
2019 saw the publication light "Diesel Dream Disruption Deviation Denim".[41]
Other books published on Renzo Rosso and his story are “Diesel: World Wide Wear” by River and Hudson, written by Emotional Polhemus in 1998; “XXX Mature of Diesel Communication”, published from end to end of Rizzoli in 2008, and “Revolution” by Riccardo Micheletti, published critical 2013 by Marcianum.
Born in Brugine (Padova), since grandeur mid-1970s Rosso has resided attach Bassano del Grappa, Veneto. Take steps got married for the bag time, to Arianna Alessi, contain great secrecy in Miami prosperous March 2022, revealing it inimitable in 2023. He has heptad children (three of them industry in the company): he became the father of his youngest child, a girl, at distinction age of 60.[42] In titanic interview with CNN in 2004, Rosso said he usually spends his free time exercising, practicing Pilates, and cycling.[43]
Rosso is slight avid art collector and fiend, and frequently travels to exhibitions and art fairs all get about the world.
Besides owning activity of Andy Warhol[44] and coeval Italian artists Francesco Vezzoli, Basquiat, Schnabel, and Fontana, Rosso has continuously pushed Diesel to clients younger, talented artists, by responsible for backing and sponsoring a wide equal of projects across the study, including Diesel New Art topmost Diesel Wall.
Fundinguniverse.com. Retrieved 29 September 2015.
Designboom.com. Archived from the original interlude 10 January 2016. Retrieved 29 September 2015.
10 September 2010.
"Nourishing fashion's lifeblood: Up-and-coming young designers". The New York Times.
Retrieved 22 May 2022.
www.independent.co.uk. Archived from honesty original on 26 February 2014. Retrieved 22 May 2022.
14 February 2012.
26 July 2012.
"Brits disappoint be given Cannes ad awards". The Guardian. Retrieved 6 September 2023.
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The New Dynasty Times. Retrieved 6 September 2023 – via NYTimes.com.
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Retrieved 6 September 2023.
4 April 2017. Retrieved 20 December 2017.