Luciano Benetton, 89, the founding father of the textile empire, introduced on Saturday his intention to step down as president of the Italian household group, after accusing its normal director Massimo Renon of undermining the group’s accounts.
“I trusted and I used to be flawed, I used to be betrayed in an actual manner. A number of months in the past I noticed that one thing was flawed and that the picture of the workforce that the administration was presenting to us on the board conferences was not the actual one. ” he instructed Corriere della Sera newspaper.
“Before leaving the workforce, I intend to obviously clarify what occurred to me with out avoiding my accountability,” he confirmed.
According to Luciano Benetton, Mr. Renon left a “gap of 100 million euros” after 4 years on the head of the well-known clothes model.
During the board assembly, “the bomb went off” when “immediately an enormous gap within the finances appeared, which shocked us and left us speechless,” commented Mr. Benetton.
“We misplaced 4 years and that makes issues very tough, as a result of we do not have a magic wand,” he notes. “Unfortunately, there might be sacrifices to be made,” he warns.
“Great efforts might be made to recuperate the vitality of higher occasions and breathe new life into this breed which means a lot to our household and bears our title,” he affirms. Alessandro Benetton, 60, son of Luciano Benetton, took over the reins of the family-run firm Edizione in January 2022.
The picture of the rich household was tarnished after the collapse of the Genoa bridge, owned by one in all its subsidiaries, which left 43 individuals lifeless and highlighted the dire state of Italy’s transport infrastructure.
To make a clear slate, the Benetton household determined in March 2023 to vary the title of their Italian motorway and airport group Atlantia, now referred to as Mundys.
Founded in 1965 in northeastern Italy by 4 brothers and sisters, Benetton was initially recognized for its gentle wool sweaters obtainable in lots of colours.
The success of “United Colors of Benetton” then grew, turning into worldwide between 1982 and 2000 with the stunning promoting campaigns of the photographer Oliviero Toscani. But this product then went via very tough occasions.
Luciano Benetton took the pinnacle of the model in 2018 to attempt to remodel the corporate, however the usage of Massimo Renon as normal supervisor didn’t give the anticipated outcomes.
“I left the corporate in 2012 when it was in good well being, with a turnover of two billion euros and a revenue,” Mr Benetton recalled.