Vittorio Merloni disappears a piece of Italian industrial history – Milano Finanza

Vittorio Merloni, former president of Confindustria and one of the largest Italian industrial post-war, has died after a long illness at 83 years. He was honorary chairman of Indesit and Fineldo, the family holding company that two years ago had given appliance brand to Whripool. Merloni survived by his wife Franca Carloni and four children, Maria Paola, the twins Andrea and Antonella and Aristide.

Merloni and ‘been a great Italian entrepreneur, the heir to a dynasty founded by his father Aristide and after death of the founder, in 1970 the company was divided into three: to Vittorio Merloni was entrusted with, with his brother Francesco, who will be ‘also Minister of Public Works, it Merloni termosanitari and another brother, Antonio, mechanics Merloni , which effectively makes him a kind of duplication company of Victor. In 1975 came the Ariston brand, with Zoppas, Rex, Candy in a sector, household appliances, and ‘was one of the jewels of Italian industry.

From 1980 to 1984, and’ He was president of Confindustria. In 1985 Merloni made another leap forward by detecting the Indesit, a rival company, very present abroad. Ariston, Indesit Company which then became due to quioazione traded, Portugal took over the Portuguese, the French Scholtes, specializing in built-in appliances, the Turkish Perkel, the Argentine Argentron, the British New World, the Italian Star eletrodomestici. In 1994 he signed an agreement with China’s Haier to produce washing machines. Vittorio devoted himself to the strategy, while the operational management of the highest level we thought mamnager, including Francesco Caio before and Andrea Guerra then.

After the financial crisis, the group suffers particolamente of recession in Italy and Europe and the saturation of the world market for white goods. In 2013 the state of health of Vittorio Merloni has progressively worse and, accomplices also disagreements among the children, in July 2014, the Fineldo, the family holding company, has preferred to surrender to the Americans Indesit Whirlpool for about one billion euro, of which 750 million went to the family of Vittorio, 50, and his brother Francesco 150 to delist the company from the stock exchange. Now, with the death of Vittorio, closes definitely an indelible page in the history of Italian industry.