Alessandro Benetton has resigned, due to his disagreement with the Italian fashion group’s future projects, from the Board of Directors of the Benetton Group. Ever since 2013, when Alessandro was replaced as Executive President of Benetton by Gianni Mion and Marco Airoldi, he appeared to be against the ongoing company restructuring and was in favour of relaunching the historic label.
In 2017, Benetton’s holding company will be led by new managers Marco Patuano, appointed as CEO in place of Gianni Mion, and Fabio Cerchiai, who takes over as President, replacing Gilberto Benetton. Cerchiai is currently in-charge of Atlantia, the controlling company of Autostrade per l’Italia and Aeroporti di Roma. Already hard hit by the group’s split in three areas: manufacturing, real estate and retail operations, this will further upset the balance of power within the Benetton family.
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In 2015, the Benetton Group was once again in the red, and recorded a net loss of Euro 46 million, with revenue at Euro 1.5 billion, down 1.2 per cent compared to the then previous year.
