Carlo De Benedetti
Strategic Concepts & Mechanics
Primary Evidence
"The first operation was in January 1987. La Redoute's stock soared while 21% of the company's capital changed hands. Newspapers were lost in conjecture, with some believing that the buyer was Carlo De Benedetti, Trois Suisses, Compagnie Bancaire or Carrefour. In reality, it was the Arnault-Letertre tandem at work. Was it a greenmail operation or a strategic change? It was both, as each had distinct but complementary objectives."
"From Vincent Bolloré to Carlo De Benedetti, passing through Jean-Charles Naouri and François Pinault, many exhausted the charms of capital-less capitalism in the 1980s."
"Carlo De Benedetti, Jean-Luc Lagardère and Vincent Bolloré are closely inspired by it. Bernard Arnault, on the other hand, will go so far as to build a real pyramid. The interest of the system lies in its far-sighted philosophy. From a minimal investment, it will be possible to target much larger targets, while carefully avoiding launching a costly takeover bid."
""His name is Leonardo Del Vecchio and he makes eyeglasses. The company he presides is listed on Wall Street and must be doing wonderfully if it allowed him to become the most generous Italian taxpayer, the one who with 13 billion and 358 million declared to the tax agency has surpassed the most famous and envied entrepreneurs: from Giovanni Agnelli to Silvio Berlusconi, to Carlo De Benedetti," begins the article from the newspaper of via Solferino. "Rich and honest: an Italian miracle," titles, instead, Repubblica. Suddenly comes fame. Leonardo would have gladly done without it."