Benetton Co-Founder Gilberto Dies

23rd October 2018

Gilberto diversified the company away from the clothing business, and helped grow it into a multi-billion euro giant.

Gilberto Benetton, one of the four siblings who founded the Benetton clothing firm, has died at the age of 77 after a lengthy illness.

Along with his brothers Luciano and Carlo, and sister Giuliana, Gilberto founded United Colors of Benetton in Italy in the 1960s, which became a globally successful and recognisable brand. 

The third-youngest of the four siblings diversified the company away from the clothing business, and helped grow it into a multi-billion euro giant.

Nowadays, the Benetton family is one of the most powerful in Italy, with interests in construction, transport and catering.

Gilberto himself was the former head of the family holding company, Edizione, which controls Italy's biggest infrastructure group Atlantia.

The Benettons also control roadside caterer Autogrill and Rome's airports.

In October 2018, Forbes estimated the net worth of Gilberto Benetton, and each of his three siblings, at US$2.7 billion (€2.35 billion).

Gilberto was the second of the entrepreneurial Benetton siblings to die this year. Carlo, the youngest of the four brothers and sisters, died in July 2018, in his hometown of Treviso.


24th October 2018

The proposal also calls for a reduction in single-use plastic for food and drink containers like plastic cups.

23rd October 2018

Italy defended its plans, saying hard decisions needed to be taken to encourage growth.

18th October 2018

The federal government predicts it will raise $400m (€267m) a year in tax revenues on the sale of cannabis.

15th October 2018

Jamie Dimon is the latest high-profile figure to pull out of the event after Jamal Khashoggi vanished on 2nd October.