The entrepreneur is to receive the Doctor of Fine Arts Honorary Degree from the Fashion Institute of Technology today.
The store will stock women’s wear, men’s wear and children’s wear.
One of the cofounders of the fashion group, he is spearheading a turnaround of the company.
The entrepreneur and the Italian photographer are working together again on Benetton’s turnaround.
The photographer’s new photos will bow on Dec. 1, highlighting the issue of integration and education.
The fashion group is teaming once again with the Italian photographer after a long-standing partnership in the Eighties and Nineties, which produced ad campaigns that made history.
Called “I See Colors Everywhere” it runs at the Triennale Museum until Sept. 28
Benetton Group also named Tommaso Brusò as its new chief operating officer.
The Florence-based company designs, produces and distributes the Gianni Chiarini and GUM brands’ handbags and accessories collections.
The manager is also board member of Russia’s largest children’s retailer Detsky Mir.
The financial investments had been made in 2015 and the capital gain was not disclosed.