Luciano Benetton is an Italian billionaire businessman, one of the co-founders of Benetton Group, the Italian fashion brand. He served as the chairman of Benetton from 1978 to 2012. Luciano Benetton was born on 13 May 1935 in Italy, his father had a small business and following his death, Benetton dropped out of school at the age of 14 to work in a clothing shop. He saved money to buy a $200 knitting machine and teamed up with his sister to produce a collection of twenty pieced of yellow and pale blue sweaters. In 1965, together with his siblings, Giuliana Benetton, Carlo Benetton and Gilberto Benetton, he founded Benetton Group. In 1992, he was elected to the Italian Senate. In 2003, he announced that his family is stepping down from running the company, due to the decreasing sales and the increased competition. In May 2015, Forbes estimated the net worth of Luciano Benetton and each of his three siblings at US$2.9 billion. He is married with four lives in Treviso, Italy, his son, Alessandro Benetton chaired Benetton Group from April 2012 to May 2014.
Files about his parliamentary activities: XI legislature
Forbes is an American business magazine. Published bi-weekly, it features original articles on finance, industry and marketing topics. Forbes reports on related subjects such as technology, science and law, its headquarters is located in New Jersey. Primary competitors in the national business magazine category include Fortune and Bloomberg Businessweek; the magazine is well known for its lists and rankings, including of the richest Americans, of the world's top companies, The World's Billionaires. The motto of Forbes magazine is "The Capitalist Tool", its chair and editor-in-chief is Steve Forbes, its CEO is Mike Federle. It was sold to Integrated Whale Media Investments. B. C. Forbes, a financial columnist for the Hearst papers, his partner Walter Drey, the general manager of the Magazine of Wall Street, founded Forbes magazine on September 15, 1917. Forbes provided the money and the name and Drey provided the publishing expertise; the original name of the magazine was Forbes: Devoted to Doings.
Drey became vice-president of the B. C. Forbes Publishing Company, while B. C. Forbes became editor-in-chief, a post he held until his death in 1954. B. C. Forbes was assisted in his years by his two eldest sons, Bruce Charles Forbes and Malcolm Stevenson Forbes. Bruce Forbes took over on his father's death, his strengths lay in streamlining operations and developing marketing. During his tenure, 1954–1964, the magazine's circulation nearly doubled. On Bruce's death, his brother Malcolm Stevenson "Steve" Forbes Jr. became President and Chief executive of Forbes and Editor-in-Chief of Forbes magazine. Between 1961 and 1999 the magazine was edited by James Michaels. In 1993, under Michaels, Forbes was a finalist for the National Magazine Award. In 2006, an investment group Elevation Partners that includes rock star Bono bought a minority interest in the company with a reorganization, through a new company, Forbes Media LLC, in which Forbes Magazine and Forbes.com, along with other media properties, is now a part.
A 2009 New York Times report said: "40 percent of the enterprise was sold... for a reported $300 million, setting the value of the enterprise at $750 million". Three years Mark M. Edmiston of AdMedia Partners observed, "It's not worth half of that now", it was revealed that the price had been US$264 million. In January 2010, Forbes reached an agreement to sell its headquarters building Fifth Avenue in Manhattan to New York University; the company's headquarters subsequently moved to the Newport section of downtown Jersey City, New Jersey, in 2014. In November 2013, Forbes Media, which publishes Forbes magazine, was put up for sale; this was encouraged by minority shareholders Elevation Partners. Sale documents prepared by Deutsche Bank revealed that the publisher's 2012 EBITDA was US$15 million. Forbes sought a price of US$400 million. In July 2014, the Forbes family bought out Elevation and sold a 51 per cent majority of the company to Integrated Whale Media Investments. Apart from Forbes and its lifestyle supplement, Forbes Life, other titles include Forbes Asia and fifteen local language editions.
Steve Forbes and his magazine's writers offer investment advice on the weekly Fox TV show Forbes on Fox and on Forbes on Radio. Other company groups include Forbes Conference Group, Forbes Investment Advisory Group and Forbes Custom Media. From the 2009 Times report: "Steve Forbes returned from opening up a Forbes magazine in India, bringing the number of foreign editions to 10." In addition, that year the company began publishing ForbesWoman, a quarterly magazine published by Steve Forbes's daughter, Moira Forbes, with a companion Web site. The company published American Legacy magazine as a joint venture, although that magazine separated from Forbes on May 14, 2007; the company formerly published American Heritage and Invention & Technology magazines. After failing to find a buyer, Forbes suspended publication of these two magazines as of May 17, 2007. Both magazines were purchased by the American Heritage Publishing Company and resumed publication as of the spring of 2008. Forbes has published the Forbes Travel Guide since 2009.
On January 6, 2014, Forbes magazine announced that, in partnership with app creator Maz, it was launching a social networking app called "Stream". Stream allows Forbes readers to save and share visual content with other readers and discover content from Forbes magazine and Forbes.com within the app. Forbes.com is part of Forbes Digital, a division of Forbes Media LLC. Forbes's holdings include a portion of RealClearPolitics. Together these sites reach more than 27 million unique visitors each month. Forbes.com employs the slogan "Home Page for the World's Business Leaders" and claimed, in 2006, to be the world's most visited business web site. The 2009 Times report said that, while "one of the top five financial sites by traffic off an estimated $70 million to $80 million a year in revenue, never yielded the hoped-for public offering". Forbes.com uses a "contributor model" in which a wide network of "contributors" writes and publishes articles directly on the website. Contributors are paid based on traffic to their respective Forbes.com pages.
Forbes allows advertisers to publish blog posts on its website alongside regular editorial content through a program called BrandVoice, which accounts for more than 10 pe
Treviso is a city and comune in the Veneto region of northern Italy. It is the capital of the province of Treviso and the municipality has 84,669 inhabitants: some 3,000 live within the Venetian walls or in the historical and monumental center, some 80,000 live in the urban center proper while the city hinterland has a population of 170,000; the city is home to the headquarters of clothing retailer Benetton, Stefanel, Geox and Lotto Sport Italia, appliance maker De'Longhi, bicycle maker Pinarello. Treviso is known for being the original production area of Prosecco wine and radicchio, is thought to have been the origin of the popular Italian dessert Tiramisù; some believe that Treviso derived its name from the Celtic word "tarvos" mixed with the Latin ending "isium" forming "Tarvisium". Others believe. Tarvisium a city of the Veneti, became a municipium in 89 BCE after the Romans added Cisalpine Gaul to their dominions. Citizens were ascribed to the Roman tribe of Claudia; the city lay in proximity of the Via Postumia, which connected Opitergium to Aquileia, two major cities of Roman Venetia during Ancient and early medieval times.
Treviso is mentioned by ancient writers, although Pliny writes of the Silis, the Sile River, as flowing ex montibus Tarvisanis. During the Roman Period, Christianity spread to Treviso. Tradition records that St. Prosdocimus, a Greek, ordained bishop by St. Peter, brought the Catholic faith to Treviso and surrounding areas. By the 4th century, the Christian population grew sufficient to merit a resident bishop; the first documented bishop was John the Pious who began his episcopacy in 396 AD. Treviso went through a demographic and economic decline similar to the rest of Italy after the fall of the Western Empire. According to tradition, Treviso was the birthplace of Totila, the leader of Ostrogoths during the Gothic Wars. After the Gothic Wars, Treviso fell under the Byzantine Exarchate of Ravenna until 568 AD when it was taken by the Lombards, who made it one of 36 ducal seats and established an important mint; the latter was important during the reign of the last Lombard king and continued to churn out coins when northern Italy was annexed to the Frankish Empire.
People from the city played a role in the founding of Venice. Charlemagne made it the capital of a border march, i.e. the Marca Trevigiana, which lasted for several centuries. Treviso joined the Lombard League, gained independence after the Peace of Constance; this lasted until the rise of seignories in northern Italy. Among the various families who ruled over Treviso, the Da Romano reigned from 1237 to 1260. Struggles between Guelph and Ghibelline factions followed, with the first triumphant in 1283 with Gherardo III da Camino, after which Treviso experienced significant economic and cultural growth which continued until 1312. Treviso and its satellite cities, including Castelfranco Veneto, had become attractive to neighbouring powers, including the da Carrara and Scaligeri. After the fall of the last Caminesi lord, Rizzardo IV, the Marca was the site of continuous struggles and ravages. Treviso notary and physician Oliviero Forzetta was an avid collector of drawings. After a Scaliger domination in 1329–1339, the city gave itself to the Republic of Venice, becoming the first notable mainland possession of the Serenissima.
From 1318 it was for a short time, the seat of a university. Venetian rule brought innumerable benefits. From 1381–1384, the city was captured and ruled by the duke of Austria, by the Carraresi until 1388. Having returned to Venice, the city was fortified and given a massive line of walls and ramparts, still existing; the many waterways were exploited with several waterwheels which powered mills for milling grain produced locally. The waterways were all navigable and "barconi" would arrive from Venice at the Port of Treviso pay duty and offload their merchandise and passengers along Riviera Santa Margherita. Fishermen were able to bring fresh catch every day to the Treviso fish market, held still today on an island connected to the rest of the city by two small bridges at either end. Treviso was taken in 1797 by the French under Mortier, made duke of Treviso. French domination lasted until the defeat of Napoleon, after which it passed to the Austro-Hungarian Empire; the citizens, still at heart loyal to the fallen Venetian Republic, were displeased with imperial rule and in March 1848, drove out the Austrian garrison.
However, after the town was bombarded, the people were compelled to capitulate in the following June 14th. Austrian rule continued until Treviso was annexed with the rest of Veneto to the Kingdom of Italy in 1866. During World War I, Treviso held a strategic position close to the Austrian front. Just north, the Battle of Vittorio Veneto helped turn the tide of the War. During World War II, one of several Italian concentration camps was established for Slovene and Croatian civilians from the Province of Ljubljana in Monigo, near Treviso; the camp was disbanded with the Italian capitulation in 1943. The city suffered several bombings during World War
Benetton Group S.r.l. is a global fashion brand based in Ponzano Veneto, Italy. The name comes from the Benetton family, who founded the company in 1965. Benetton has a network of about 5,000 stores in the main international markets. In 1963, Luciano Benetton, the oldest of four children, was a 30-year-old salesman in Treviso, his initial small collection of sweaters received a positive response in local stores in the Veneto region, soon after he asked his sister and two younger brothers and Carlo, to join him. In 1965, the entity known as the "Benetton Group" was formed. In 1965, the Benettons opened their first store in Belluno and three years after in Paris, with Luciano as chairman, his brother Gilberto in charge of administration, their younger brother Carlo running production, Giuliana as a chief designer; the company's core business remains their clothing lines: United Colors of Sisley. The Group has a network of about 5,000 stores around the world; the company is known for sponsorship of a number of sports, for the provocative and original "United Colors" publicity campaign.
The latter originated when photographer Oliviero Toscani was given carte blanche by the Benetton management. Under Toscani's direction, ads were created that contained striking images unrelated to any actual products being sold by the company. Up to 1982, Benetton marketing campaigns relied on traditional models wearing the brand clothing. In 1982, the company decided to change its advertising campaigns by focusing on world issues to raise awareness and create an added value for the brand. In 1984, Oliviero Toscani photographed the first multiracial ad for the brand; these graphic, billboard-sized ads included depictions of a variety of shocking subjects, one of which featured a deathbed scene of a man dying from AIDS. Others included a bloodied, unwashed newborn baby with umbilical cord still attached, controversial; this 1991 advert prompted more than 800 complaints to the British Advertising Standards Authority during 1991 and was featured in the reference book Guinness World Records 2000 as'Most Controversial Campaign'.
Others included a black stallion covering a white mare, close-up pictures of tattoos reading "HIV Positive" on the bodies of men and women, a cemetery of many cross-like tombstones, a collage consisting of genitals of persons of various races, a priest and nun about to engage in a romantic kiss, pictures of inmates on death row, an electric chair, an advert showing a dark-skinned boy with hair shaped into the devil's horns, three different hearts with "black", "white" and "yellow" written onto them, a picture of a bloodied T-shirt and pants riddled with bullet holes from a soldier killed in the Bosnian War. Most of the advertisements, although not all, had a plain white background, in most the company's logo served as the only text accompanying the image. In November 2011, Benetton created the UNHATE Foundation and launched its new worldwide communication campaign, described by the company as an invitation to the leaders and citizens of the world to combat the "culture of hatred". In a press release, Benetton claimed the campaign was created as the group's corporate social responsibility strategy and not as a cosmetic exercise.
Benetton's Fabrica research centre partnered up with 72andSunny to create the UNHATE poster series. These show digitally manufactured images of political and religious leaders, i.e. Barack Obama at that time President of the United States and Hugo Chávez President of Venezuela, kissing each other. According to Benetton “These are symbolic images of reconciliation—with a touch of ironic hope and constructive provocation—to stimulate reflection on how politics and ideas when they are divergent and mutually opposed, must still lead to dialogue and mediation”. However, the image series of lip-locking political and religious figures sparked controversy. After protests by the Vatican, Benetton removed a campaign poster purportedly showing Pope Benedict XVI kissing Ahmed Mohamed el Tayeb, the imam of the Al Azhar mosque in Egypt. At the Cannes Ad festival in June 2012, Benetton won the Press Grand Prix for its Unhate campaign. In November 2017, UCB launched a campaign in collaboration with Devbhumi, a registered company owned by rural women from remote villages in Uttarakhand, India.
The initiative claims to empower over 6,000 rural women artisans across India. Benetton Group entered Formula One as a sponsor of Tyrrell in 1983 Alfa Romeo in 1984. Benetton Formula Ltd. was formed at the end of 1985 when the Toleman and Spirit teams were sold to the Benetton family. The team saw its greatest success under Flavio Briatore, who managed the team from 1990 to 1997. Michael Schumacher won his first Drivers' Championships with the team in 1994 and 1995, the team won their only Constructors' title in 1995. From 1996, the team raced under an Italian licence although it continued to be based, like Toleman, in Oxfordshire in England; the team was bought by Renault for US$120 million in 2000 and was rebranded Renault F1 in 2002. In 1979, Benetton first sponsored their local rugby team, A. S. Rugby Treviso. Benetton Rugby has since become a major force in Italian rugby, with 11 league titles and supplying many players to the national team. Benetton Group has sponsored Treviso Basket and Sisley Volley.
Benetton has faced criticism from Mapuche organizations over its purchase of traditional Mapuche lands in Patagonia. The Curiñanco-Nahuelquir family was evicted from their land in 2002 following Benetton's claim to it, but the land was restored in 2007; the company have published a position st
United States dollar
The United States dollar is the official currency of the United States and its territories per the United States Constitution since 1792. In practice, the dollar is divided into 100 smaller cent units, but is divided into 1000 mills for accounting; the circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars. Since the suspension in 1971 of convertibility of paper U. S. currency into any precious metal, the U. S. dollar is, de facto, fiat money. As it is the most used in international transactions, the U. S. dollar is the world's primary reserve currency. Several countries use it as their official currency, in many others it is the de facto currency. Besides the United States, it is used as the sole currency in two British Overseas Territories in the Caribbean: the British Virgin Islands and Turks and Caicos Islands. A few countries use the Federal Reserve Notes for paper money, while still minting their own coins, or accept U. S. dollar coins. As of June 27, 2018, there are $1.67 trillion in circulation, of which $1.62 trillion is in Federal Reserve notes.
Article I, Section 8 of the U. S. Constitution provides that the Congress has the power "To coin money". Laws implementing this power are codified at 31 U. S. C. § 5112. Section 5112 prescribes the forms; these coins are both designated in Section 5112 as "legal tender" in payment of debts. The Sacagawea dollar is one example of the copper alloy dollar; the pure silver dollar is known as the American Silver Eagle. Section 5112 provides for the minting and issuance of other coins, which have values ranging from one cent to 100 dollars; these other coins are more described in Coins of the United States dollar. The Constitution provides that "a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time"; that provision of the Constitution is made specific by Section 331 of Title 31 of the United States Code. The sums of money reported in the "Statements" are being expressed in U. S. dollars. The U. S. dollar may therefore be described as the unit of account of the United States.
The word "dollar" is one of the words in the first paragraph of Section 9 of Article I of the Constitution. There, "dollars" is a reference to the Spanish milled dollar, a coin that had a monetary value of 8 Spanish units of currency, or reales. In 1792 the U. S. Congress passed a Coinage Act. Section 9 of that act authorized the production of various coins, including "DOLLARS OR UNITS—each to be of the value of a Spanish milled dollar as the same is now current, to contain three hundred and seventy-one grains and four sixteenth parts of a grain of pure, or four hundred and sixteen grains of standard silver". Section 20 of the act provided, "That the money of account of the United States shall be expressed in dollars, or units... and that all accounts in the public offices and all proceedings in the courts of the United States shall be kept and had in conformity to this regulation". In other words, this act designated the United States dollar as the unit of currency of the United States. Unlike the Spanish milled dollar, the U.
S. dollar is based upon a decimal system of values. In addition to the dollar the coinage act established monetary units of mill or one-thousandth of a dollar, cent or one-hundredth of a dollar, dime or one-tenth of a dollar, eagle or ten dollars, with prescribed weights and composition of gold, silver, or copper for each, it was proposed in the mid-1800s that one hundred dollars be known as a union, but no union coins were struck and only patterns for the $50 half union exist. However, only cents are in everyday use as divisions of the dollar. XX9 per gallon, e.g. $3.599, more written as $3.599⁄10. When issued in circulating form, denominations equal to or less than a dollar are emitted as U. S. coins while denominations equal to or greater than a dollar are emitted as Federal Reserve notes. Both one-dollar coins and notes are produced today, although the note form is more common. In the past, "paper money" was issued in denominations less than a dollar and gold coins were issued for circulation up to the value of $20.
The term eagle was used in the Coinage Act of 1792 for the denomination of ten dollars, subsequently was used in naming gold coins. Paper currency less than one dollar in denomination, known as "fractional currency", was sometimes pejoratively referred to as "shinplasters". In 1854, James Guthrie Secretary of the Treasury, proposed creating $100, $50 and $25 gold coins, which were referred to as a "Union", "Half Union", "Quarter Union", thus implying a denomination of 1 Union = $100. Today, USD notes are made from cotton fiber paper, unlike most common paper, made of wood fiber. U. S. coins are produced by the United States Mint. U. S. dollar banknotes are printed by the Bureau of Engraving and Printing and, since 1914, have been issued by t