Billionaire

Italian Diesel Jeans Billionaire Looks to Stitch Together Fashion Front

The billionaire founder of Diesel jeans is on a mission to convince Italy’s many small fashion players that their survival depends on working together.

Some small companies “won’t be able to sustain the costs of digital development, won’t get a deal with big online platforms,” Renzo Rosso, Diesel SpA’s 65-year-old founder, said in an interview. “Some fashion companies will need to accept partnerships, and these alliances will give them the visibility they never had before.”

DISCLAIMER SENT/ AGREED MAY 6 2021

Renzo Rosso

Photographer: Stefano Guindani/OTB Group

Rosso was recently appointed as a delegate of business lobby Confindustria with a mandate to shore up the Made in Italy brand, the backbone of the country’s luxury industry. The challenge will be to convince Italy’s maverick fashion entrepreneurs to work together and create a more united front.

Though it boasts an impressive array of famous brands, Italy lacks a national luxury-sector champion, unlike France, which has dominant companies

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Billionaire Leonard Lauder reveals successful people are first to arrive at work, last to leave

Estée Lauder Chairman Emeritus and cosmetics billionaire Leonard Lauder told Fox Business Network Tuesday that being successful is all about the time put in and knowing firsthand that there’s no substitute for hard work.

Leonard Lauder, the eldest son of Estée and Joseph Lauder, told “Cavuto: Coast to Coast” that his father consistently beat him to the office and was last to return home.

“A bit of advice that I’d give to all young people: Never come in late,” he said. “Be the first there and, if you can, be the last to leave. First there and last to leave always gets it.”

HOW CORONAVIRUS IS CHANGING THE FACE OF THE BEAUTY INDUSTRY

Leonard Lauder joined the family business in 1958, taking over as president in 1972 and becoming CEO

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