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Diesel

10:45 AM / Posted by Syed Sabhi Zaidi /



Diesel S.p.A. is an Italian design company. It is best known for clothing aimed at the young adult market, particularly jeans, but the brand can now be found on everything from male thongs to perfume. The company is owned by its founder Renzo Rosso, and is based in Molvena in northern Italy.


History

The company was founded by Renzo Rosso and his former boss Adriano Goldschmied of the AG Jeans company, in 1978. Diesel's milestone years include 1985 (Renzo's complete acquisition of the company), 1988 the hiring straight out of fashion college of current head designer and Creative Director Wilbert Das, 1991 (beginning of the international marketing strategy) and 1996 (opening of Diesel's first flagship store on New York City's Lexington Avenue). In February 2007, the company launched a major intimates and beachwear division for men and women that is carried in the retail and department stores. Diesel Black Gold was announced in November 2007.

The company has around 2,200 employees in 18 subsidiaries across Europe, Asia and the Americas. Its products are available in 5000 retail outlets, of which 300 are Diesel-branded stores. Annual sales were approximately €1.2 billion in 2005, and €1.3 billion in 2009. Revenue is largely derived from denim sales, but also extremely successful and influential ranges of accessories and children's wear - Diesel Kid

Production of denim jeans is based mainly in Italy.

Despite the uncertain Economic climate, Diesel continues to be a strong brand in the fashion Industry

The biggest store is located in Milan, Italy

Type Private Founded Molvena, Italy (1978) Founder(s) Renzo Rosso
Adriano Goldschmied
Headquarters Molvena Key people Renzo Rosso, owner and CEO
Wilbert Das, Creative Director
Industry Fashion Products Apparel and Accessories Revenue €0.95 billion (US$1.52 billion) Employees 2,200 (2009) Website www.diesel.com


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