Geox

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Geox S.p.A.
Type Società per azioni
Traded as BITGEO
Industry Textiles, manufacturing
Founded 1995
Headquarters Montebelluna, Italy
Key people Mario Moretti Polegato (founder and Chairman), Giorgio Presca (CEO)
Products Footwear, clothing
Revenue €850.1 million (2010)[1]
Operating income €93.4 million (2010)[1]
Profit €58.0 million (2010)[1]
Total assets €622.9 million (end 2010)[1]
Total equity €426.3 million (end 2010)[1]
Employees 2,590 (end 2010)[1]
Website www.geox.com

Geox is an Italian brand of shoe and clothing manufactured with waterproof/breathable fabrics.

Corporate history[edit]

A Geox store

The company was founded in 1995[2] by Mario Polegato. The brand name, Geox, was created from a mixture between the Greek word “geo” (earth), and “x”, a letter-element symbolizing technology.

Polegato was born in 1952[3] near Treviso. Originally groomed to take over the family wine-making business, company promotional material has it the idea for the shoe came when he participated in a wine industry conference in Reno; while out jogging in Reno's hot desert climate, his feet got hot from the exertion and he had the idea to cut a couple of holes in the soles of his shoes with a Swiss Army knife.

He developed the idea into a viable product with the help of a small leather-goods business his family owned.

After unsuccessfully pitching his invention to several established footwear manufacturers, but after having passed the market testing phase for a line of children’s footwear, Polegato began large-scale production of shoes under the Geox brand name. That same year, he improved the original patent and extended the product range to men’s and women’s footwear.[citation needed]

Research and development[edit]

The Geox group has consistently invested in innovation, ever since it was founded. Its Montebelluna head offices are host to R&D facilities, which are unique in their kind[citation needed]. Here, 15 engineers, chemists and physicists are employed in research on perspiration and human-generated heat-movement patterns, testing all materials used in their footwear and manufacturing clothing.

The Montebelluna based team of scientists have created and patented new machinery to help them pursue their research. Geox also works with major research labs and universities to test and refine new technology.

References[edit]

  1. ^ a b c d e f "Annual Report 2010". Geox. Retrieved 18 November 2011. 
  2. ^ Digital PR. "portale di informazione aziendale del Gruppo Geox". Geox.biz. Retrieved 2011-09-03. 
  3. ^ Digital PR. "portale di informazione aziendale del Gruppo Geox". Geox.biz. Retrieved 2011-09-03. 

External links[edit]