How rich is Mario Moretti Polegato?
Mario Moretti Polegato net worth is
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Mario Moretti Polegato Net Worth 2017, Biography & Wiki
He procured a place for himself in the billionaire circles thanks to his active participation in the footwear sector. Actually, he grew to wealth as creator and chairman of the Geox Group, known for using waterproof/breathable materials. It was in 1995 that Polegato patented his “breathable shoe” technology together with the configuration of shoemaker Geox. Over time, the business grew and now it provides an extensive range of products including footwear for men, women and kids to a variety of garments. These days, the organization makes distributions to high end retailers and contains numerous business-owned shops in big markets. Nevertheless, it could not prevent the impact of Europe’s poor market and Geox found its net sales fall 9% to $913 million (702 million euros) in the first nine months of 2012. However, by the conclusion of 2012, the business expanded by opening new shops in Moscow, Hong Kong and three mainland Chinese. The daddy of shoes who respire, Mario Moretti Polegato became a receiver of Ernst Entrepreneur of the Year award in 2002, as well as another year he was again named by Ernst and Young as the Top Italian Entrepreneur.