Benetton founder steps down for son

Benetton founder steps down for son

Benetton founder steps down for son


MILAN (Reuters) - Luciano Benetton will hand over the helm of the Italian fashion clothing company he helped found 47 years ago to his son this week, he said in an interview published on Sunday. Benetton and his family turned the company into one of Italy's best known brands with more than 6,500 stores in 120 countries and a reputation for controversial advertising and bold colors, but it has struggled against new competitors. "The baton passes to my son Alessandro, who will become chairman," Benetton, who turns 77 in May, said in an interview published in Italian newspaper Corriere della ...

Source: Fashion News Headlines - Yahoo! News