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Alessandro Benetton

FB Roundup: Benetton, Selfridges, Walmart

June 21, 2021

Benetton family channel $9.7 billion sale proceeds into co-investments, Weston family puts Selfridges up for sale for $5.5 billion, Walton family raises $2.1 billion from Walmart shares.

Benetton family channel $9.7 billion sale proceeds into co-investments

The Italian infrastructure company controlled by the Benetton family has offloaded its Italian road toll subsidiary for $9.7 billion and says it will use the proceeds to reinvest in technological, digital and sustainable partnerships.

Benetton co-founder returns to rescue embattled Italian icon

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.

Move over, Dad?

August 7, 2012

It can be hard for founders to let go of their businesses. But if the family firm is going to survive they’ve got to know when the buzz is gone.

The names trip easily off the tongue: Rothschild, Rockefeller, Sainsbury—the world is awash with great business dynasties. And, with one-third of Fortune 500 companies remaining in family hands, what are the best ways of securing the family fortunes through the generations? How can families pursue successful succession strategies?

Benetton family quits Telecom Italia and strengthens Slim ties

October 29, 2009

The Benetton family, founders of the international clothing group that bears its name, is pulling out of its investment in the Italian communication company Telecom Italia.

The Benetton family, founders of the international clothing group that bears its name, is pulling out of its investment in the Italian communication company Telecom Italia.

The family is part of a shareholder consortium, the Telco Group, which owns the Italian company's largest stake with 24.5%. The Benettons were the smallest investors in the group with an 8.4% stake.