Diesel (clothing company)
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Formerly called
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Moltex |
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| Private | |
| Industry | Fashion |
| Founded | Molvena, Italy (1978) |
| Founder | |
| Headquarters | Breganze, Italy |
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Key people
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Renzo Rosso, president & founder Nicola Formichetti, artistic director |
| Products | Clothing and Accessories |
| Revenue | €1.3 billion (2009) |
| Parent | OTB Group |
| Website | www |
Diesel S.p.A. is an Italian retail clothing company, located in Breganze, Italy. It sells denim, and other clothing, footwear, and accessories. The clothing line has two different brands: Diesel and Diesel Black Gold. There's also a line for children, called Diesel Kid. The company is known for its surreal advertising campaigns. Since 2013 the creative director has been Nicola Formichetti.
Diesel founder Renzo Rosso began stitching jeans on a sewing machine at the age of fifteen. He used his mother’s sewing machine to produce low-riding, bell bottomed jeans, which he would wear himself and sell to his friends for five lira a piece. He later attended an industrial textile manufacturing college in Padua.
In 1976 Rosso began working for a clothing manufacturer called Moltex, which was owned by Adriano Goldschmied. After working with the company for two years, he used a loan from his father to buy a 40% holding in the company, which changed its name to Diesel, and marketed jeans under the Diesel brand and many others. Rosso bought out Goldschmied's interest in the Diesel brand name in 1985 for US$500,000, becoming the sole owner of the company. Rosso has said that he learned marketing from the US, creativity from Italy, and systems from Germany.
In 1990 Russ Togs, Inc. received the license to market and distribute Diesel lines in the United States and Mexico. Mitsubishi Co received the license to market and distribute in Japan. By 1991, Russ Togs was going out of business, and sold Diesel Sportswear to Rosso upon ending the licensing deal. As a result of Russ Togs collapse, the creation of made in the USA Diesel products never came to fruition, and Diesel instead placed its made in Italy jeans and clothing in US stores. In 1992, Diesel became the title sponsor for the World Superbike racing circuit. In 1995, Diesel launched one of the first significant fashion retail websites, which housed images of each of its collections. The first Diesel jeans to be sold online were available in Finland and Sweden starting in 1997. It then opened a virtual store that allowed home delivery for further markets the following year.
In 1996, Diesel opened large flagship stores in New York City, San Francisco, Rome, and London, and began to open other mono-brand stores for Diesel in order to augment its points of sale in department and other multi-brand retails stores. Further flagship stores (also known as “StyleLabs”) opened, including stores in Berlin, Barcelona, and Paris. Diesel also produces illustrated catalogs for its retail lines. The company also won the Premio Risultati award for Best Italian Company of the Year from the Bocconi Institute in 1996. In 1998 the Wall Street Journal called Diesel “the label of the moment”.
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Wikipedia