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{{Short description|Italian businessman}}
{{Short description|Italian businessman (born 1969)}}
{{Use dmy dates|date=August 2024}}
{{Infobox person
{{Infobox person
| name = Federico Marchetti
| name = Federico Marchetti
| image =
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| birth_date = {{bda|1969|2|21|df=y}}<ref>{{cite web |title=Federico MARCHETTI - Personal Appointments |url=https://find-and-update.company-information.service.gov.uk/officers/_GHLAGBxrgaszMwNT_GRhmZIstY/appointments |publisher=Companies House |access-date=22 February 2021 |language=en}}</ref>
| birth_date = {{bda|1969|2|21|df=y}}<ref>{{cite web |title=Federico Marchetti - Personal Appointments |url=https://find-and-update.company-information.service.gov.uk/officers/_GHLAGBxrgaszMwNT_GRhmZIstY/appointments |publisher=Companies House |access-date=22 February 2021 |language=en}}</ref>
| birth_place = [[Ravenna]], Italy
| birth_place = [[Ravenna]], Italy
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| education = [[Bocconi University]] ([[Bachelor of Arts|BA]])<br>[[Columbia Business School]] ([[MBA]])
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| occupation = Founder of YOOX<br/>Chairman of YOOX NET A PORTER Group
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| alma_mater = [[Bocconi University]], [[Columbia University]]
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| occupation = Founder of YOOX<br/>Chairman of YOOX NET A PORTER Group
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| known_for = Founding Internet retailing company [[yoox|YOOX Group]]
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'''Federico Marchetti''' (born 21 February 1969) is an Italian businessman who founded and, until July 2021, was chairman and CEO of [[YOOX Net-a-Porter Group|YOOX NET-A-PORTER Group]].<ref>{{cite web|title=CEO Talk {{!}} Federico Marchetti|url=http://www.businessoffashion.com/2009/09/ceo-talk-federico-marchetti-founder-and-chief-executive-officer-yoox-group.html|publisher=Business of Fashion}}</ref>
'''Federico Marchetti''' (born 21 February 1969) is an Italian businessman who founded and, until July 2021, was chairman and CEO of [[YOOX Net-a-Porter Group|YOOX NET-A-PORTER Group]].<ref>{{cite web|title=CEO Talk {{!}} Federico Marchetti|url=http://www.businessoffashion.com/2009/09/ceo-talk-federico-marchetti-founder-and-chief-executive-officer-yoox-group.html|publisher=Business of Fashion}}</ref>


==Education and early career==
==Education and early career==
Federico Marchetti was born in 1969 and raised in [[Ravenna|Ravenna, Italy]]. His father worked in an automobile factory and his mother was a telephone operator. Marchetti graduated from [[Bocconi University]] in 1993 with a degree in Economics. His first job was at the Lehman Brothers branch officer in [[Milan]], where he worked in investment banking for three years. In 1998 he moved to New York City to pursue graduate studies, and received an MBA from [[Columbia University]] and following a brief career in finance and consulting, he created the Internet retailing company in 2000 in Zola Predosa.<ref>{{cite web|title=BusinessWeek Executive Profile: Federico Marchetti|url=http://investing.businessweek.com/research/stocks/people/person.asp?personId=676701&ticker=YOOX:TQ}}</ref> in 1999.<ref name=dd>{{cite web|url=http://www.newyorker.com/magazine/2012/09/10/the-geek-of-chic|title=The Geek of Chic|publisher=}}</ref> While at Columbia, he made the decision to leave the banking industry and become an entrepreneur,<ref name=cc>{{cite web|url=http://fortune.com/2014/06/02/yoox-ceo-i-was-going-to-do-the-internet-in-a-beautiful-way/|title=Yoox CEO: 'I was going to do the Internet in a beautiful way'|publisher=}}</ref> however, after receiving his degree, he took a job with Bain & Company in Milan after attempting to find a position in the American entertainment industry.<ref name=dd />
Federico Marchetti was born in 1969 and raised in [[Ravenna|Ravenna, Italy]]. His father worked in an automobile factory and his mother was a telephone operator. Marchetti graduated from [[Bocconi University]] in 1993 with a degree in Economics. His first job was at the Lehman Brothers branch office in [[Milan]], where he worked in investment banking for three years. In 1998 he moved to New York City to pursue graduate studies, and received an MBA from [[Columbia University]] following a brief career in finance and consulting, he created the Internet retailing company in 2000 in Zola Predosa.<ref>{{cite web|title=BusinessWeek Executive Profile: Federico Marchetti|url=http://investing.businessweek.com/research/stocks/people/person.asp?personId=676701&ticker=YOOX:TQ|archive-url=https://web.archive.org/web/20121013223135/http://investing.businessweek.com/research/stocks/people/person.asp?personId=676701&ticker=YOOX:TQ|url-status=dead|archive-date=October 13, 2012}}</ref> in 1999.<ref name=dd>{{cite web|url=http://www.newyorker.com/magazine/2012/09/10/the-geek-of-chic|title=The Geek of Chic|publisher=}}</ref> While at Columbia, he decided to leave the banking industry and become an entrepreneur,<ref name=cc>{{cite web|url=http://fortune.com/2014/06/02/yoox-ceo-i-was-going-to-do-the-internet-in-a-beautiful-way/|title=Yoox CEO: 'I was going to do the Internet in a beautiful way'|publisher=}}</ref> However, after receiving his degree, he took a job with [[Bain & Company]] in Milan after attempting to find a position in the American entertainment industry.<ref name=dd />


==Yoox==
==Yoox==
He came upon the idea of combining the “exclusive” nature of luxury fashion with the full “accessibility” of the Internet.<ref name=cc /> In 1999 he developed a business plan for Yoox, whose name comes from the Y and X chromosomes, combined with the 00 from the binary of computer code. He then quit his consulting job,<ref>{{cite web|url=https://www.ft.com/content/4d842f1a-0396-11e5-a70f-00144feabdc0|title=Lunch with the FT: Federico Marchetti|first=Jo|last=Ellison|date=29 May 2015|website=Financial Times}}</ref> and after cold-calling venture capitalist Elserino Piol, who gave Marchetti 4.5 million euros in funding in March 2000 in exchange for 35% of the company,<ref name=dd /> he created the Internet retailing company YOOX.<ref>{{cite web|title=Relief over pricing of YOOX IPO|url=http://www.ft.com/cms/s/0/4d9cf9ee-de19-11de-b8e2-00144feabdc0.html#axzz1jwQ6RTBz|work=Financial Times}}</ref> In 2010, YOOX Group opened its first offices in China in the city of [[Shanghai]], opening its first mono-brand site there, www.emporioarmani.cn.<ref>{{cite web|title=Federico Marchetti on Yoox's Global Path to Local Business|url=http://www.wwd.com/wwd-summits/apparel/federico-marchetti-on-yooxs-global-path-to-local-business-5370255?browsets=1327008891080|work=Women's Wear Daily}}</ref> In 2012, YOOX Group partnered with Kering Group and the two established a joint venture that manages the mono-brand online stores of Kering’s luxury brands: Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Sergio Rossi, Stella McCartney and Brioni.<ref>{{Cite web|url=https://www.bocconialumni.it/alumnus-of-the-year-2014|title=Alumnus Of The Year 2014 - BAA|website=www.bocconialumni.it|access-date=2018-12-04}}</ref> In 2015 his company acquired Net-A-Porter, changing the name of the firm to YOOX Net-A-Porter Group, becoming the largest e-commerce fashion company in the world, and in 2018 the company was acquired by Richemont.<ref>{{cite web|url=https://www.thetimes.co.uk/article/net-a-porters-new-boss-i-am-the-geek-of-chic-c0kbp5l0nqb|title=Net a Porter's new boss: I am the geek of chic|first=John|last=Arlidge|date=4 October 2015|publisher=|via=www.thetimes.co.uk}}</ref> In 2016, YOOX Net-A-Porter Group and Symphony, an entity controlled by Mohamed Alabbar’s family, established a joint venture  to create a platform for online luxury retail for the Middle East.<ref>{{Cite web|url=https://www.businessoffashion.com/articles/news-analysis/yoox-net-a-porter-and-alabbar-to-launch-new-middle-east-e-commerce-venture|title=Yoox Net-a-Porter and Alabbar's New Middle-East Venture|date=2016-11-28|website=The Business of Fashion|language=en-GB|access-date=2018-12-17}}</ref>
He came upon the idea of combining the “exclusive” nature of luxury fashion with the full “accessibility” of the Internet.<ref name=cc /> In 1999 he developed a business plan for Yoox, whose name comes from the Y and X chromosomes, combined with the 00 from the binary of computer code. He then quit his consulting job,<ref>{{cite web|url=https://www.ft.com/content/4d842f1a-0396-11e5-a70f-00144feabdc0|title=Lunch with the FT: Federico Marchetti|first=Jo|last=Ellison|date=29 May 2015|website=Financial Times}}</ref> and after cold-calling venture capitalist Elserino Piol, who gave Marchetti 4.5 million euros in funding in March 2000 in exchange for 35% of the company,<ref name=dd /> he created the Internet retailing company YOOX.<ref>{{cite web|title=Relief over pricing of YOOX IPO|url=http://www.ft.com/cms/s/0/4d9cf9ee-de19-11de-b8e2-00144feabdc0.html#axzz1jwQ6RTBz|work=Financial Times}}</ref> In 2010, YOOX Group opened its first offices in China in the city of [[Shanghai]], opening its first mono-brand site there, www.emporioarmani.cn.<ref>{{cite web|title=Federico Marchetti on Yoox's Global Path to Local Business|url=http://www.wwd.com/wwd-summits/apparel/federico-marchetti-on-yooxs-global-path-to-local-business-5370255?browsets=1327008891080|work=Women's Wear Daily}}</ref> In 2012, YOOX Group partnered with Kering Group and the two established a joint venture that manages the mono-brand online stores of Kering’s luxury brands: Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Sergio Rossi, Stella McCartney and Brioni.<ref>{{Cite web|url=https://www.bocconialumni.it/alumnus-of-the-year-2014|title=Alumnus Of The Year 2014 - BAA|website=www.bocconialumni.it|access-date=2018-12-04}}</ref> In 2015 his company [https://www.businessoffashion.com/articles/news-analysis/richemont-net-a-porter-yoox-merger-secret-deal/ merged with Net-A-Porter], changing the name of the firm to YOOX Net-A-Porter Group, becoming the largest e-commerce fashion company in the world, and in 2018 the company was acquired by [[Richemont]].<ref>{{cite web|url=https://www.thetimes.co.uk/article/net-a-porters-new-boss-i-am-the-geek-of-chic-c0kbp5l0nqb|title=Net a Porter's new boss: I am the geek of chic|first=John|last=Arlidge|date=4 October 2015|publisher=|via=www.thetimes.co.uk}}</ref> In 2016, YOOX Net-A-Porter Group and Symphony, an entity controlled by Mohamed Alabbar’s family, established a joint venture  to create a platform for online luxury retail for the Middle East.<ref>{{Cite web|url=https://www.businessoffashion.com/articles/news-analysis/yoox-net-a-porter-and-alabbar-to-launch-new-middle-east-e-commerce-venture|title=Yoox Net-a-Porter and Alabbar's New Middle-East Venture|date=2016-11-28|website=The Business of Fashion|language=en-GB|access-date=2018-12-17}}</ref>


==Art collection==
==Art collection==
Marchetti is an art collector, with paintings from artists including [[Ettore Sottsass]], [[Franz West]], [[Yoshitomo Nara]], [[Mark Kostabi]], [[Andy Warhol]],<ref name=bb>{{cite web|url=http://tmagazine.blogs.nytimes.com/2010/10/15/the-italian-jobber/?_r=0|title=The Italian Jobber|first=Horacio|last=Silva|publisher=}}</ref> [[Lucian Freud]], and [[Francesco Vezzoli]]. He began his collection in the early 1990s soon after he graduated.<ref>{{cite web|url=https://www.wsj.com/articles/yoox-founder-federico-marchettis-art-filled-home-1394124475|title=Yoox Founder Federico Marchetti's Art-Filled Home|first=Christina|last=Passariello|date=6 March 2014|publisher=|via=www.wsj.com}}</ref> He is specifically interested in works revolving around Dracula and the literature of [[Bram Stoker]], and has travelled to research the subject.<ref name=bb />
Marchetti is an art collector, with paintings from artists including [[Ettore Sottsass]], [[Franz West]], [[Yoshitomo Nara]], [[Mark Kostabi]], [[Andy Warhol]],<ref name=bb>{{cite web|url=http://tmagazine.blogs.nytimes.com/2010/10/15/the-italian-jobber/?_r=0|title=The Italian Jobber|first=Horacio|last=Silva|publisher=}}</ref> [[Lucian Freud]], and [[Francesco Vezzoli]]. He began his collection in the early 1990s soon after he graduated.<ref>{{cite web|url=https://www.wsj.com/articles/yoox-founder-federico-marchettis-art-filled-home-1394124475|title=Yoox Founder Federico Marchetti's Art-Filled Home|first=Christina|last=Passariello|date=6 March 2014|publisher=|via=www.wsj.com}}</ref> He is interested in works revolving around [[Dracula]] and the literature of [[Bram Stoker]], and has travelled to research the subject.<ref name=bb />


Since 2014 Yoox has been selling works by artists such as [[Damien Hirst]], [[Marc Quinn]] and [[Peter Blake (artist)|Peter Blake]] and designs from companies like Cappellini, Alessi, and Kartell, which it took on as one of its mono-brand clients.<ref>{{Cite news|url=https://www.wired.co.uk/article/yoox|title=How Yoox turned the luxury-goods industry onto digital|last=Williams|first=Greg|date=2014-09-24|work=Wired UK|access-date=2018-12-25|issn=1357-0978}}</ref>
Since 2014 Yoox has been selling works by artists such as [[Damien Hirst]], [[Marc Quinn]] and [[Peter Blake (artist)|Peter Blake]] and designs from companies like Cappellini, Alessi, and Kartell, which it took on as one of its mono-brand clients.


==Recognition==
==Recognition==
In 2011, Marchetti was given an award for Innovation and Internet by the Italy-based Chi è Chi (Who's Who) organization.<ref>{{cite web|title=Consegnati oggi a Milano i Chi è Chi Awards|url=http://www.crisalidepress.it/?p=41708}}</ref> On 25 January 2012, Marchetti and YOOX Group were awarded the [[Comitato Leonardo - Italian Quality Committee|Comitato Leonardo]]'s Premio Leonardo award for innovation by [[Giorgio Napolitano]], President of Italy.<ref>{{cite news|title=Italian Fashion Entrepreneurs Honored|url=http://www.wwd.com/fashion-news/fashion-scoops/helping-their-country-5582738|newspaper=Women's Wear Daily|date=January 30, 2012}}</ref> In 2016 Marchetti was recognized as Italy's Entrepreneur of the Year by Ernst & Young, for founding and successfully leading the Yoox Net-a-Porter Group.<ref>{{Cite web|url=https://wwd.com/fashion-news/fashion-scoops/federico-marchetti-wins-entrepreneur-year-award-10712388/|title=Federico Marchetti Wins Entrepreneur of the Year Award in Italy|last=Zargani|first=Luisa|date=2016-11-25|website=WWD|language=en|access-date=2019-01-06}}</ref> He received the ''America Award'' of the [[Italy-USA Foundation]] in 2018.
In 2011, Marchetti was given an award for Innovation and Internet by the Italy-based Chi è Chi (Who's Who) organization.<ref>{{cite web|title=Consegnati oggi a Milano i Chi è Chi Awards|url=http://www.crisalidepress.it/?p=41708|access-date=2011-10-16|archive-date=2012-04-25|archive-url=https://web.archive.org/web/20120425071306/http://www.crisalidepress.it/?p=41708|url-status=dead}}</ref> On 25 January 2012, Marchetti and YOOX Group were awarded the [[Comitato Leonardo - Italian Quality Committee|Comitato Leonardo]]'s Premio Leonardo award for innovation by [[Giorgio Napolitano]], President of Italy.<ref>{{cite news|title=Italian Fashion Entrepreneurs Honored|url=http://www.wwd.com/fashion-news/fashion-scoops/helping-their-country-5582738|newspaper=Women's Wear Daily|date=January 30, 2012}}</ref> In 2016 Marchetti was recognized as Italy's Entrepreneur of the Year by Ernst & Young, for founding and successfully leading the Yoox Net-a-Porter Group.<ref>{{Cite web|url=https://wwd.com/fashion-news/fashion-scoops/federico-marchetti-wins-entrepreneur-year-award-10712388/|title=Federico Marchetti Wins Enñllltrepreneur of the Year Awarjjkbnd in Italy|last=Zargani|first=Luisa|date=2016-11-25|website=WWD|lang=en|access-date=2019-01-06}}</ref> He received the ''America Award'' of the [[Italy–USA Foundation]] in 2018.


== References ==
== References ==

Latest revision as of 01:26, 2 December 2024

Federico Marchetti
Born (1969-02-21) 21 February 1969 (age 55)[1]
Ravenna, Italy
EducationBocconi University (BA)
Columbia Business School (MBA)
Occupation(s)Founder of YOOX
Chairman of YOOX NET A PORTER Group
Known forFounding Internet retailing company YOOX Group
Websitefedericomarchetti.com

Federico Marchetti (born 21 February 1969) is an Italian businessman who founded and, until July 2021, was chairman and CEO of YOOX NET-A-PORTER Group.[2]

Education and early career

[edit]

Federico Marchetti was born in 1969 and raised in Ravenna, Italy. His father worked in an automobile factory and his mother was a telephone operator. Marchetti graduated from Bocconi University in 1993 with a degree in Economics. His first job was at the Lehman Brothers branch office in Milan, where he worked in investment banking for three years. In 1998 he moved to New York City to pursue graduate studies, and received an MBA from Columbia University following a brief career in finance and consulting, he created the Internet retailing company in 2000 in Zola Predosa.[3] in 1999.[4] While at Columbia, he decided to leave the banking industry and become an entrepreneur,[5] However, after receiving his degree, he took a job with Bain & Company in Milan after attempting to find a position in the American entertainment industry.[4]

Yoox

[edit]

He came upon the idea of combining the “exclusive” nature of luxury fashion with the full “accessibility” of the Internet.[5] In 1999 he developed a business plan for Yoox, whose name comes from the Y and X chromosomes, combined with the 00 from the binary of computer code. He then quit his consulting job,[6] and after cold-calling venture capitalist Elserino Piol, who gave Marchetti 4.5 million euros in funding in March 2000 in exchange for 35% of the company,[4] he created the Internet retailing company YOOX.[7] In 2010, YOOX Group opened its first offices in China in the city of Shanghai, opening its first mono-brand site there, www.emporioarmani.cn.[8] In 2012, YOOX Group partnered with Kering Group and the two established a joint venture that manages the mono-brand online stores of Kering’s luxury brands: Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Sergio Rossi, Stella McCartney and Brioni.[9] In 2015 his company merged with Net-A-Porter, changing the name of the firm to YOOX Net-A-Porter Group, becoming the largest e-commerce fashion company in the world, and in 2018 the company was acquired by Richemont.[10] In 2016, YOOX Net-A-Porter Group and Symphony, an entity controlled by Mohamed Alabbar’s family, established a joint venture  to create a platform for online luxury retail for the Middle East.[11]

Art collection

[edit]

Marchetti is an art collector, with paintings from artists including Ettore Sottsass, Franz West, Yoshitomo Nara, Mark Kostabi, Andy Warhol,[12] Lucian Freud, and Francesco Vezzoli. He began his collection in the early 1990s soon after he graduated.[13] He is interested in works revolving around Dracula and the literature of Bram Stoker, and has travelled to research the subject.[12]

Since 2014 Yoox has been selling works by artists such as Damien Hirst, Marc Quinn and Peter Blake and designs from companies like Cappellini, Alessi, and Kartell, which it took on as one of its mono-brand clients.

Recognition

[edit]

In 2011, Marchetti was given an award for Innovation and Internet by the Italy-based Chi è Chi (Who's Who) organization.[14] On 25 January 2012, Marchetti and YOOX Group were awarded the Comitato Leonardo's Premio Leonardo award for innovation by Giorgio Napolitano, President of Italy.[15] In 2016 Marchetti was recognized as Italy's Entrepreneur of the Year by Ernst & Young, for founding and successfully leading the Yoox Net-a-Porter Group.[16] He received the America Award of the Italy–USA Foundation in 2018.

References

[edit]
  1. ^ "Federico Marchetti - Personal Appointments". Companies House. Retrieved 22 February 2021.
  2. ^ "CEO Talk | Federico Marchetti". Business of Fashion.
  3. ^ "BusinessWeek Executive Profile: Federico Marchetti". Archived from the original on 13 October 2012.
  4. ^ a b c "The Geek of Chic".
  5. ^ a b "Yoox CEO: 'I was going to do the Internet in a beautiful way'".
  6. ^ Ellison, Jo (29 May 2015). "Lunch with the FT: Federico Marchetti". Financial Times.
  7. ^ "Relief over pricing of YOOX IPO". Financial Times.
  8. ^ "Federico Marchetti on Yoox's Global Path to Local Business". Women's Wear Daily.
  9. ^ "Alumnus Of The Year 2014 - BAA". www.bocconialumni.it. Retrieved 4 December 2018.
  10. ^ Arlidge, John (4 October 2015). "Net a Porter's new boss: I am the geek of chic" – via www.thetimes.co.uk.
  11. ^ "Yoox Net-a-Porter and Alabbar's New Middle-East Venture". The Business of Fashion. 28 November 2016. Retrieved 17 December 2018.
  12. ^ a b Silva, Horacio. "The Italian Jobber".
  13. ^ Passariello, Christina (6 March 2014). "Yoox Founder Federico Marchetti's Art-Filled Home" – via www.wsj.com.
  14. ^ "Consegnati oggi a Milano i Chi è Chi Awards". Archived from the original on 25 April 2012. Retrieved 16 October 2011.
  15. ^ "Italian Fashion Entrepreneurs Honored". Women's Wear Daily. 30 January 2012.
  16. ^ Zargani, Luisa (25 November 2016). "Federico Marchetti Wins Enñllltrepreneur of the Year Awarjjkbnd in Italy". WWD. Retrieved 6 January 2019.
[edit]
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