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Oscar Farinetti

Italian businessman and investor (born 1954) From Wikipedia, the free encyclopedia

Oscar Farinetti
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Natale Oscar Farinetti[1] (Italian pronunciation: [ˈɔskar fariˈnetti]; born 24 September 1954), is an Italian businessman and investor. Farinetti was the owner of the high-end Italian food mall chain Eataly and founder of the consumer electronics chain UniEuro.

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Personal life and career

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Natale Oscar Farinetti was born in Alba, Piedmont. His father was insurgent and deputy mayor of Alba Paolo Farinetti.[2] After attending the liceo classico Govone in Alba, he started studying business in Turin in 1972, but dropped out from college in 1976.[3]

His father Paolo founded a small local supermarket in 1967 and named it UniEuro; a few years later Oscar became actively involved in the business. He was appointed board member in 1978, and then CEO & Chairman until 2003.[4] The same year he decided to sell UniEuro to Dixons Retail for £230m.[5]

In 2004 he founded the high-end Italian supermarket Eataly. The New York Times has described it as a "megastore" that "combines elements of a bustling European open market, a Whole-Foods-style supermarket, a high-end food court and a New Age learning center."[6] The company is based in Monticello d'Alba, Cuneo, Italy and currently controls 30 stores in 9 different countries (United States, United Kingdom, Canada, Japan, UAE, Italy, France, Sweden, Turkey and Brazil).[7]

On 18 March 2014, Eataly opened its big 5,000-square-meter store in Piazza XXV Aprile in Milan. In November 2016, Eataly opened in Copenhagen.[8] On 13 November 2019, Eataly opened a 50,000-square-foot store in Toronto, Canada in the Manulife Centre on Bloor Street.[9]

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Media coverage

Farinetti's disruptive model has received significant media attention. His methods have been covered by publications including Forbes,[10] The New York Times,[11] The Atlantic[12] and the Chicago Tribune.[13]

References

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