On May 25, in Italy, Luciano Benetton, Co-Founder of the eponymous Italian fashion retailer (sales of €1.09 billion in 2023 up by 8.5%, after a 19%-uplift in 2022), announced his intention to step down as Chairman of the Group due to worse-than-expected results, allegedly hidden from him by Managing Director, Massimo Renon. The Co-Founder accused the Managing Director of having dug “a €100 million hole” in four years. “I trusted him and I was wrong. I was betrayed in the truest sense of the wor
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Article authors
Morgane Monteiro
Journalist
Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.