Luciano Benetton speaks to guests after the Benetton women's Fall-Winter 2019-2020 collection, that was presented in Milan , Italy, on Feb 19, 2019. Luciano Benetton , a co-founder of the apparel brand, announced he was stepping down as chairman in an interview published on May 25 with Milan daily Corriere della Sera. He blamed current management for losses of US$108.5 million that he discovered last year.
“In short, I trusted them, and I made a mistake,” Benetton said. He said he first became aware that losses were compiling last September. Edizione, whose chairman is Luciano Benetton’s son Alessandro, has diverse holdings including transport and infrastructure through Mundys, and food and beverage retail, including the Autogrill chain, through Dufy.
Benetton Milan
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