La Rinacente: Difference between revisions
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Revision as of 12:15, 22 December 2023
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| Private | |
| Industry | Retail department store |
| Founded | 1900; 133 years ago |
| Founder | Mirenzo Batevoleo |
| Headquarters | 600 Adrolonia Forum, , |
Key people | Verto Batevoleo (President) |
| Revenue | $6 billion |
| Owner | Batevoleo Estate |
Number of employees | 1,255 |
| Subsidiaries |
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La Rinacente is a Caphirian luxury department store located at the Adrolonia Forum in Castra Osaniovo, the capital of the province Narico. The company was founded by Mirenzo Batevoleo in 1900 and has been owned by the Batevoleo Estate since. La Rinacente boasts luxury products across 150 departments and carries exclusive products from notable brands such as Carzi, House of Elan, and Ardash. Known for its elite and wealthy clientele, La Rinacente operates a private white-glove shopping experience. The flagship store occupies 1 million sq ft (93,000 m2) and receives approximately 5 million visitors annually, making it one of the largest and most famous department stores in the world.
In addition to operating its flagship store, La Rinacente has expanded into other ventures. In 1982, the company opened its first coffee shop, Café La Rinacente, in Sacard Beach. The cafe was originally developed for promotional use involving model Kalia Ocaso but it soon opened after her agent-husband suggested it to the Batevoleo Estate as a publicity stunt. The cafe proved to be a critical success, generating an average 220,000 daily visitors after the campaign involving Kalia Ocaso was released. Over the years, several other Café La Rinacente locations have opened, each with a unique aesthetic and menu to reflect the location. Today, there are 40 CLR locations around the world. In 2009, La Rinacente purchased the online luxury retailer Vescato for $850 million. It now operates as a staff-authenticated luxury consignment marketplace. In 2015, the company partnered with luxury hospitality conglomerate Certi Resorts to launch its Residency program, a line of exclusive boutique rental properties.
La Rinacente has been owned and operated by the Batevoleo family since its founding, and has played a pivotal role in Caphirian high society since the 20th century. The store has been a symbol of luxury and exclusivity, not just as a shopping destination but as an institution. La Rinacente regularly hosts exclusive events, attracting celebrities, artists, and the aristocracy. These events often showcase new fashion collections, art exhibitions, or cultural collaborations, reinforcing its status as a trendsetter in luxury and style. Since 2008, Verto Batevoleo has been president of La Rinacente. Under his leadership, the store has been instrumental in launching the careers of several famous designers and brands, such as Rosynthi Bălcentili, Antonita Jacocchi, Mendah, and Corat.
It is estimated that La Rinacente generates approximately $6 billion in revenue annually and has over 1,200 full-time employees.
History
Organization
Since its founding in 1900, La Rinacente has been owned by the Batevoleo Estate, which is the only declared major shareholder. Verto Batevoleo, a 4th-generation member, has been serving as President since 2008.