By Luisa Zargani

Federico Marchetti, chief executive officer of Yoox Net-a-porter Group, is the winner of the annual Ernst & Young Entrepreneur of the Year Award. The award, which Marchetti received on Thursday evening at the Italian Stock Exchange, recognizes his "original intuition" about the future possibilities of the Web and his creation of Italy's biggest tech firm, with a market capitalization of more than 3 billion euros, or $3.18 billion, at current exchange.

"Anything is possible," said Marchetti. "I started from scratch and as an outsider in 1999, so I would like to dedicate this award to the younger generation. Italy is a country of innovators and talents, which has given us a great competitive advantage. It's not a question of capitals, but rather of execution. People are more important than capitals, they are the ones that turn ideas into reality," said the entrepreneur, who also credited his team for growing the group.

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Source: http://wwd.com/