La Rinacente
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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 | 2,655 |
| Subsidiaries |
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La Rinacente is a Caphirian luxury department store located at the Adrolonia Forum in Castra Osaniovo. Founded in 1900 by Mirenzo Batevoleo, it is one of the first modern department stores. La Rinacente boasts luxury products across 150 departments and carries exclusive products from notable brands such as Carzi, House of Elan, and Ardash. 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. Known for its elite and wealthy clientele, 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.
In addition to operating its flagship store, La Rinacente has expanded into other ventures. In 1948, the company opened its first coffee shop, Café La Rinacente, in Sacard Beach. Today, there are 40 CLR locations around the world, each with a unique aesthetic and menu to reflect the location and local culture. In 1979, the company introduced its Residency program, a line of exclusive boutique rental properties in partnership with Vescor Hospitality, an international luxury hospitality conglomerate. In 1984, La Rinacente constructed Effradosia, a 170-acre luxurious villa which contains a massive art collection on display. While the exclusive Sersio Art Festival is held annually at Effradosia, the company offers limited free admission regularly throughout the year. In 2009, La Rinacente purchased the online luxury retailer Vescato for $200 million, which it now operates as a staff-authenticated luxury consignment marketplace.
Verto Batevoleo, a 4th-generation member of the Batevoleo Estate , has been serving as President of La Rinacente since 2002. 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 2,600 full-time employees. The flagship store at Adrolonia Forum 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.
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 2002.