But, despite his low-key manner, Del Vecchio, 52, doesn’t have a go-with-the-flow disposition. The transition from customer to owner wasn’t even on the horizon at that point. “Claudio has truly embraced the heritage of Brooks Bros.,” the designer says, “and evolved the brand and business in a very respectful way.”. Yacht Charter. Claudio Delvecchio is also known as debra ann del vecchio claudio, claudio del vecchio, claudio del veccho and claudio delveachio. Chairman/CEO/Owner. Leonardo’s son, Claudio Del Vecchio, is a Luxottica Board Member in addition to serving as Chairman and CEO of Brooks Brothers Inc. Leonardo Del Vecchio’s six children own an equal stake in Luxottica’s holding company, representing approximately 16.38 per cent each. Investors in the company's ADRs saw the stock run up 170%, making Del Vecchio's shares worth some $900 million. Since buying the company, Roberti says, the current ceo “has done a fantastic job of improving the quality and delivery of the product.”, Also impressed is Joseph Gromek, another former Brooks ceo, now president and ceo of Warnaco Group. But Del Vecchio views it from another perspective. “It had no distribution there,” he says, “but Gianni Angeli, the chairman of Fiat, was a customer and he was considered a fashion icon. Card payments collected by DeltaQuest Media, company no. Born into poverty in 1935, the eyewear magnate was sent to an orphanage at age 7, before apprenticing at a parts factory at age 14 to make ends meet. “So I went to Marks & Spencer,” he says, “because my impression was that Brooks Bros. wasn’t being taken care of.”. Currency conversions are based on rates supplied by XE.com. Del Vecchio has also collaborated with Janie Bryant, the costume designer for Mad Men, to produce clothes for the show as well as a Brooks Bros. Mad Men Edition suit that sold out in 10 days. The economist is married to, his starsign is Gemini and he is now 85 years of age. He owns the American clothing retailer Brooks Brothers. Like his father, Del Vecchio worked hard and rose through the ranks, starting at a Luxottica factory when he was 14, and then joining the company full-time after two years of college and an obligatory hitch in the Italian army. Name/Company. As of January 2020, Del Vecchio was estimated by Forbes to have a net worth of $25.8 billion, making him the second richest man in Italy, and the 50th richest in the world. Now 83 and currently living in Milan, Del Vecchio still serves as the executive chairman of Luxottica, while his son Claudio is CEO of the prestigious Brooks Brothers clothier. Claudio Del Vecchio. Spris is now closed, but Del Vecchio doesn’t rule out the possibility of opening another restaurant. In 2008, he bought Southwick, one of the U.S.’ last remaining men’s wear manufacturers, which had fallen on hard times—a move that saved 300 jobs. Mr. Del Vecchio came to the United States in 1982 and was instrumental in transforming Luxottica into a premier eyewear organization, overseeing its IPO in 1990. “This business doesn’t end with us,” he says. NEW YORK, NY - SEPTEMBER 14, 2017: CEO of Brooks Brothers Claudio Del Vecchio and designer Zac ... [+] Posen (Photo by Andrew Toth/Getty Images for Brooks Brothers) ... not worth … address: The Black Church, St. Mary’s Place, Dublin 7, Ireland. “We actually had to sit down with the SEC, since there were no rules for this type of thing.” (Luxottica later went public in Italy, as well.). Now 77, Pessina resides in Monte Carlo with his partner Ornella Barra, the co-COO of Walgreens Boots Alliance. After taking over the family wholesaling business in Naples in 1977, Stefano Pessina – a nuclear engineering graduate from the prestigious Politecnico di Milano – decided to transform his company into Alliance Santé, guiding it through a series of large-scale mergers and acquisitions in the last 40 years to eventually create Walgreens Boots Alliance. From the outset, he explains, his plan was to be “an innovator, not a conservator.”, Squaring all this with the tradition of Brooks Bros.—the company that made the coat Lincoln wore to Ford’s Theater the night he was assassinated—presents certain difficulties. Message to Other Media. Del Vecchio isn’t shy about admitting he’s “an excellent chef”—he even opened a restaurant in the Nineties, when he lived in Hartford because the local eateries failed to meet his high standards. What would you do with that kind of money? Brooks is the source of many men’s wear innovations now taken for granted. For an Italian to turn around an iconic but declining American brand could be the ultimate men’s wear business challenge. Brembo / BloombergPaolo (left) and Gianfelice Rocca, Estimated net worth: $4.1 billion (£3.2 billion). Born into a working-class Piacentini family, the fashion mogul spent time at medical school as well as in the army, before finding work as a window dresser in a Milan department store in 1957. An Elite CafeMedia Publisher - Update Privacy Preferences. Both brothers are active in industry organisations and social groups, although Paolo, who lives in Buenos Aires, was indicted by an Argentinian court in November 2018 and forbidden from leaving the country as part of an investigation into a bribery scandal. Claudio Del Vecchio is Chairman/CEO/Owner at Brooks Brothers Inc. See Claudio Del Vecchio's compensation, career history, education, & memberships. If most of the billionaires on this list were given a rather large helping hand by their parents, then consider the case of Leonardo Del Vecchio. Since then, the company has acquired some of the biggest eyewear companies in the world, including Ray-Ban, Oakley and Sunglass Hut, while they continue to make frames for designer brands such as Armani, Bulgari and Chanel. “From Day One, we knew that the benefit from adding systems and improving the sourcing could justify the acquisition,” he says. The grandsons of industrialist Agostino Rocca, Paolo and Gianfelice Rocca are the current stewards of the Techint Group, a multinational conglomerate with interests in construction, engineering, healthcare, energy and steel production. Leonardo Del Vecchio On 22-5-1935 Leonardo Del Vecchio (nickname: Leonardo) was born in Milan, Italy. Claudio Del Vecchio started working at a Luxottica factory when he was 14, and then joined the company full-time after two years of college and an obligatory stint in the Italian army. One of the most controversial and enigmatic characters in Italian and European politics, Silvio Berlusconi made his fortune through his media conglomerate Fininvest, before serving the first of his three terms as Prime Minister of Italy in 1994. Under his watch, Campari has gone from selling niche products to acquiring some of the world’s most recognisable spirits, including Cinzano and Ouzo 12. Please fill out this field with valid email address. Soft-spoken and unassuming, Del Vecchio has a deep appreciation of heritage—which makes him something of a paradox, since he’s also a bold innovator. It introduced seersucker in 1830; the first ready-made suit in 1845; the button-down collar in 1896; the repp tie in 1920, and argyle socks, in 1949. As the widow of pharmaceuticals magnate Alberto Aleotti, Massimiliana – along with their children Lucia and Alberto Giovanni – inherited control of the influential Menarini Group in 2014, with Massimiliana retaining overall ownership. Rated as the second richest man in Itlay after Michele Feroro, Del Vecchio has a net worth of US$19.1 billion. Educated at the renowned Bocconi University business school in Milan, Luca Garavoglia has served as the chairman of the Campari Group since 1994, taking responsibility for the beverage giant’s aggressive acquisition and growth strategies of the late 1990s and early 2000s. He may love playing golf and watching soccer. In 1997, he was named ceo of Casual Corner, a struggling women’s apparel chain, and he resigned from Luxottica. This story first appeared in the March 21, 2011 issue of WWD. Until then, he plans to stay focused on expanding Brooks Bros.—just don’t ask him how large he wants it to grow. Following the acquisition of Perfetti Van Melle’s shareholdings in 2001, the company has established itself as the third largest confectionery manufacturer in the world after Mondelez International and Mars, Inc. Leonardo Del Vecchio (born 22 May 1935) is an Italian billionaire businessman. The yacht’s owner is Leonardo Del Vecchio. Leonardo Del Vecchio is married with six children and his son Claudio owns US men's retailer Brooks Brothers, which licenses glasses from Luxottica. Leonardo Del Vecchio—raised in an orphanage because his widowed mother couldn’t afford to support him—is the founder of Luxottica, the world’s largest eyewear company. Designers Claudio Del Vecchio Net Worth Claudio Del Vecchio Net Worth 2020, Age, Height, Relationships, Married, Dating, Family, Wiki Biography The family has not been without controversy, though. Vivien Kronengold. Today his company, Luxottica, owns Ray-Ban and Oakley, the … “After that, most of the other [interested] companies disappeared, and we ended up paying less than we thought we would,” Del Vecchio says. Estimated net worth: $6.5 billion (£5 billion). He is still responsible for the day-to-day running of the company and is yet to name a successor for when he eventually steps down. Under Giovanni’s astute leadership, the company has since added several Nestlé brands, as well as numerous confectionery brands in the North American market, to this impressive portfolio. Paolo – the younger of the two brothers – obtained his MBA from Harvard Business School in 1985, and currently serves as the company’s CEO, while Gianfelice, who also attended HBS, serves as the group’s chairman. Claudio Del Vecchio grew up in Milan, the oldest of six children of Leonardo Del Vecchio, the self-made billionaire founder of the Italian eyewear giant Luxottica Group. Debra was vice president of operations at Luxottica when they met. Since 2001, when he bought the struggling Brooks Bros. from Marks & Spencer for the bargain-basement price of $225 million, he has worked aggressively to upgrade its merchandise mix, renovate its fleet of stores, expand the franchise overseas and spearhead the company’s first designer label, Black Fleece, created in collaboration with Thom Browne. Estimated net worth: $8.5 billion (£6.5 billion). This year, the company will pass $1 billion in sales and turn a tidy profit. Despite its conservative image, the retailer has a remarkable instinct for change. Given his Italian accent—he was born in Borgo Valsugana, a small town in northern Italy—Del Vecchio might not be expected to have his finger on the pulse of American culture. Leonardo Del Vecchio was born on May 22, 1935 in Milan, Italy, Italy. As he likes to point out, he bought Brooks Bros. on Thanksgiving, his American wife was born on Columbus Day, and his son Matteo, from a previous marriage, was born on the Fourth of July. Generally speaking, the bigger the hexagon is, the more valuable Claudio Del Vecchio networth should be on the internet! Ian and Richard are still heavily involved in London and Regional Properties too, however. Estimated net worth: $12.4 billion (£9.5 billion). Ferrero himself is married with two children and currently resides in Brussels, Belgium. Fashion Looks to Washington With Horror and Hope, After D.C. Del Vecchio still remembers the date on which he accomplished his mission: “For nine months I drove back and forth, and on April 1, 1982, we opened the subsidiary.”, A week later, he was sent to America to help manage the company’s U.S. distribution. So, clearly, does Del Vecchio. Ian also owns Brightark, which is another investment company. The Lewis Family. Subscribe Today. Although the company, founded in Treviso in 1902, originally made its fortune producing heaters, air conditioners and home appliances, it is in 1990 that they became a household name, producing the high-quality coffee machines with which the family name is now synonymous. “During this strategic review, COVID-19 became immensely disruptive and took a toll on our business,” a company spokesperson said. As of January 2020, Del Vecchio had a net worth of $25.8 billion, making him the richest man in Italy, and the 50th richest in the world. Now 83 and currently living in Milan, Del Vecchio still serves as the executive chairman of Luxottica, while his son Claudio is CEO of the prestigious Brooks Brothers clothier. As the co-owners of confectionary giants Perfetti Van Melle, brothers Augusto and Giorgio Perfetti are responsible for providing the world with a number of renowned products; Mentos, Fruittella and Chupa Chups (acquired in 2006) are all now produced under the Perfetti Van Melle umbrella. Leonardo Del Vecchio's eyewear giant Luxottica announced plans to merge with French lens manufacturer Essilor in January 2017, putting Luxottica's octogenarian founder at the helm of what will be the world's largest producer and retailer of sunglasses and prescription glasses. As a result, the company – of which Pessina remains CEO and vice chairman – attracted a revenue of over $131 billion (£100.8 billion) in 2018 (subsequently replacing General Electric on the Dow Jones Index), while the pharmaceutical and retail giant currently employs over 400,000 employees worldwide. © Copyright 2021  -  Penske Media Corporation. Claudio Delvecchio net worth is Greater than $499,999. VP/Chief Marketing Officer. By subscribing, you agree to our RAISED in an orphanage, Leonardo Del Vecchio started selling spectacles in Belluno in northern Italy in 1967. The two brothers – who are both notoriously media-shy – now live in Switzerland and maintain no involvement in the day-to-day running of the business. “Claudio has found a way to restore the nostalgia we all felt for ‘our father’s Brooks Bros.’ while making the brand entirely relevant and modern,” says Bryant. So, if you’re wondering who has amassed the biggest fortune, then read on – here are the 10 richest Italians, according to Forbes. He ranks among the richest men in the world with an estimated net worth of $19.6 billion as of June 2019. “We have a healthy respect for the past, but we’re not completely influenced by it,” Del Vecchio says, sitting in his corner office at Brooks Bros.’ Madison Avenue flagship in New York, with a gas fireplace adding warmth to the room. Estimated net worth: $3.5 billion (£2.7 billion). That makes him the second richest man (after chocolate mogul Michele Ferrero) in Italy. “I don’t want to become the world’s biggest company, or even a really big company.” Although $1 billion is an impressive milestone, it pales next to retail giants such as Macy’s ($25 billion) or Men’s Wearhouse ($2 billion). Claudio del Vecchio's siblings: Claudio del Vecchio's sister is Paola del Vecchio Claudio del Vecchio's half-brother is Leonardo Maria del Vecchio Claudio del Vecchio's half-brother is Luca del Vecchio Claudio del Vecchio's half-brother is Clemente del Vecchio He was 25 years old and spoke little English, but within four years he increased U.S. sales from $28 million to $100 million. Del Vecchio recently formed a partnership with Nordstrom, which in July will begin selling Brooks Bros. men’s and children’s wear in about 30 stores as well as online. Why was he so in love with it when he could buy anything he wanted?”, When Del Vecchio arrived in the U.S. in 1982, he says, “the first store I visited was Brooks Bros.…I used to shop in Façonnable in Monaco, which was very inspired by Brooks Bros., so it was a natural step up. Later this year, in another unprecedented move, the company will venture into wholesale department store distribution. Notoriously weary of industrial espionage (media are banned from entering the company’s production plants), Ferrero also produces the Kinder range of products as well as Tic Tac mints. Brooks Brothers’ mission statement has been around for nearly two centuries—since 1818, the year the company was founded—but not many people can recite it from memory. Called Spris, after an Italian aperitif, the place was “very social, like when I was growing up in Italy.”, “My mother’s family was in the hospitality business,” he explains, adding: “Both my grandmother and my mother are unbelievable cooks, so I got very spoiled.”. 1. Chief Operating Officer. His experience with the now-defunct women’s chain, which required major investment but lacked brand strength, prompted him to look elsewhere. Sometimes Debra goes by various nicknames including Debra A Delvecchio, Debra A Nuzzi, Debra Ann Del, Debra Ann Del Vecchio and Debra Ann Delvecchio. Get all the top news stories and alerts straight to your inbox. Summary: Debra Delvecchio is 63 years old and was born on 10/12/1957. Disclamer: Claudio Del Vecchio net worth are calculated by comparing Claudio Del Vecchio's influence on Google, Wikipedia, Youtube, Twitter, Instagram and Facebook with anybody else in the world. 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