Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your experience. Save up to 40% More details

Benetton scion Alessandro takes helm of family holding company

Stock MarketsJan 13, 2022 02:05PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters. FILE PHOTO: Posters offering special discount on sales are seen at a store of Italian fashion group Benetton, as the spread of the coronavirus disease (COVID-19) continues, at the Bahnhofstrasse shopping street in Zurich, Switzerland February 17, 2021. RE

By Francesca Landini and Elisa Anzolin

MILAN (Reuters) -Alessandro Benetton is set to become the chairman of the family's holding company Edizione, it said on Thursday, in a move that brings the Benettons back to the helm.

The appointment comes as Edizione looks to turn a page following the deadly collapse in 2018 of a bridge operated by the Italian motorway unit of its Atlantia infrastructure arm.

Atlantia has since sold that business in a deal which is due to be finalised by the end of March. Edizione said it had slightly increased its Atlantia stake to 33.1%.

It also holds stakes in airport and motorway caterer Autogrill, telecom masts group Cellnex, insurer Generali (MI:GASI) and investment bank Mediobanca (OTC:MDIBY).

Edizione said it deemed strategic its investments in Atlantia, Autogrill and Benetton Group, the unlisted clothing retailer famous for its colourful sweaters which is now struggling due to competitors such as Inditex (MC:ITX)'s Zara.

With Generali and Mediobanca both caught in shareholder battles, the Benettons' stakes in the two companies could become of interest to other investors.

Alessandro Benetton, 57, has led Italian private equity firm 21 Invest since its foundation in the 1990s. He also sits on the board of Autogrill and last year helped to organise the World Ski Championships as chairman of the 2021 Cortina Foundation.

He is the son of Luciano, one of four Benetton siblings who built the family's fortunes on a clothing business created in the 1960s, which then grew to diversify into transportation and catering.

Alessandro Benetton replaces Italian academic and former Alitalia special administrator Enrico Laghi, who is moving from the chairman role at Edizione to become chief executive.

New governance rules approved on Thursday envisage a lock-up period of five years and mechanisms, including pre-emption rights, to ensure that control of Edizione remains in the hands of the Benettons through the generational transition.

Control of Edizione is equally divided among four holding companies, each relating to one of the four founders.

Two of the four siblings, including former Edizione head Gilberto Benetton, died in 2018.

The family holding will appoint nine board directors, of which five members will be independent and the others will represent the family, it said.

Benetton scion Alessandro takes helm of family holding company

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email