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Benetton

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Samsung launches screen division for Apple; Benetton Group falls short on factory disaster fund; and Hyundai to revamp outdated wage system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

July 12, 2012

When it comes to fashion, few countries get it as right as Italy. CampdenFB looks at some of Italy’s better-known family-controlled fashion houses – and the important role of the family within them.

When it comes to fashion, few countries get it as right as Italy. After all, the country has given rise to such iconic brands as Armani, Prada, Gucci and many, many more.

May 8, 2012

The family behind Benetton looks all set to take full control of the fashion group, but the same cannot be said for Indian manufacturing firm Escorts Group – reports that the controlling Nanda family is increasing its stake in the business are “completely false”.

The family behind Benetton looks all set to take full control of the fashion group, but the same cannot be said for Indian manufacturing firm Escorts Group – reports that the controlling Nanda family is increasing its stake in the business are “completely false”.

According to a spokesman for the Indian family business, a merger of the group’s subsidiary companies “is happening”, but the “Nanda family is not upping its stake”.

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