Until 1950, Italian fashion did not exist: there were able tailors and creative designers, but they were known only as individuals and not as part of a wider movement that identified with a specific Italian style. Despite the existence of advanced skills, with the potential to realize an Italian fashion in its own right, there was neither a cultural identity to bind them together nor an international legitimization that would allow the new form to compete with the dominant haute couture of Paris. The revival of the Renaissance and its invention as an intangible asset was fundamental in resolving this ‘dual’ absence, and it therefore became a key factor in the international success of Italian fashion. From the 1950s to today – the period of increasing international success of the ‘Made in Italy’ label – in the rhetoric of entrepreneurs, managers and marketing experts, the Renaissance has become almost an integral part of the DNA of Italian fashion, itself at times represented as the direct descendant and legitimate heir of the excellence of Renaissance taste. This is a link, now taken for granted, for which a term has even been coined: the ‘Renaissance effect’. The fundamental argument that supports this so-called Renaissance effect is in fact that of the continuity between the craftsmanship of the Renaissance age and today's fashion houses; a continuity, however, that has been elaborated through ‘manipulations’ of history which are in part simplistic and in part distorted.