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Benetton

July 19, 2019

Benetton and LVMH are the latest global family businesses to enhance their brands by touting their sustainability commitments, but family experts note the value-adds of marketing authenticity to millennials and reputational rehabilitation.

Benetton and LVMH are the latest global family businesses to enhance their brands by touting their sustainability commitments, but family experts note the value-adds of marketing authenticity to millennials and reputational rehabilitation.

From 2020, Benetton Group collections will be increasingly sustainable with the use of mono-fibre, organic cotton, natural fibres, cellulose-based labels, natural dyes and laser and ozone treatments.

August 22, 2018

Prioritising family-centred non-economic goals could have mitigated the reputational damage the Benetton family is suffering in the wake of the deadly bridge collapse in Italy, an academic says.

Prioritising family-centred non-economic goals could have mitigated the reputational damage the Benetton family is suffering in the wake of the deadly bridge collapse in Italy, an academic says.

Instead, the Italian public and media see the Benettons as a family that prioritised profits over public safety.

August 17, 2018

Italy’s Benetton family is under attack from politicians and the public following the involvement of one of their companies in the Genoa bridge tragedy.

Italy’s Benetton family is under attack from politicians and the public following the involvement of one of their companies in the Genoa bridge tragedy.

December 8, 2017

The 82-year-old co-founder of iconic Italian fashion retailer Benetton has taken over control of the family business from non-family executives as it struggles with mounting losses. 

The 82-year-old co-founder of iconic Italian fashion retailer Benetton has taken over control of the family business from non-family executives as it struggles with mounting losses. 

In 1965 Luciano Benetton (pictured) established the company with his three siblings that became famous for colourful knitwear and provocative advertising campaigns in the 1980s and 1990s.

He served as Benetton's chairman from 1978 to 2012.

December 2, 2016

Murdoch loses $100 million on Theranos investment; Benetton heir quits board; and Lundin Petroleum announces Barents Sea discovery

Murdoch loses $100 million on Theranos investment

Australian-American media mogul Rupert Murdoch, chairman and CEO of global media holding company News Corporation, is expected to lose the $100 million he invested in beleaguered blood testing group Theranos.

Murdoch, who purchased his stake when Theranos’ valuation was at the $9 billion mark, is likely to notice the irony after his own financial paper, The Wall Street Journal, played an instrumental role in questioning the reliability of its blood testing device.

September 10, 2015

For decades, wealthy European families have been deploying part of their capital into infrastructure – and often directly into assets. 

For decades, wealthy European families have been deploying part of their capital into infrastructure – and often directly into assets. 

April 17, 2015

Samsung launches screen division for Apple; Benetton Group falls short on factory disaster fund; and Hyundai to revamp outdated wage system

Samsung launches screen division for Apple

South Korea’s Samsung has created a standalone team of 200 employees that will work exclusively on screens for their largest competitor Apple, according to Bloomberg.

Apple is currently the biggest customer for Samsung components and relations between the two companies have improved since they dropped all lawsuits against each other outside of the US.

April 2, 2015

Benetton family sells stake in World Duty Free; Family-backed Antofagasta and Teck Resources in merger talks; and Gehl Foods sold to Chicago-based firm

Benetton family sells stake in World Duty Free

Edizone, the family office behind Italy’s Benneton family, said on Monday that it has sold its 50.1% stake in World Duty Free to Swiss competitor Dufry.

According to a company statement, the deal values the group at €3.6 billion ($3.8 billion) and will make the combined group the world's largest travel retailer.

Dufry reportedly paid €10.25 per share.

March 6, 2015

Malacalza family becomes top investor in Italy’s Carige; Benetton launches global living wage scheme; and Van de Velde sees core profit rise

Malacalza family becomes top investor in Italy’s Carige

Malacalza Investimenti, the Italian holding company headed by entrepreneur Vittorio Malacalza, has this week agreed to buy a 10.5% stake in troubled lender Banca Carige for €66.2 million ($73.6 million).

The deal makes Malacalza Investimenti the largest investor in Banca Carige, which recently failed a health check of lenders across the Eurozone and needs to raise €700 million in order to plug a capital shortfall.

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