Luciano Benetton, the 89-year-old co-founder of the eponymous textile company, announced on Saturday his intention to step down as chairman of the Italian family group, after accusing its chief executive of digging “hole of 100 million euros” in four years.
- “I believed and I was wrong. I was betrayed in the literal sense of the word”. This Saturday, Luciano Benetton announced his intention to step down as chairman of the Italian family group, after accusing its CEO Massimo Renon of corrupting the group’s accounts. “A few months ago, I realized that something was wrong and that the image of the group, represented by the management, was not real”he told the Italian daily Corriere della Serra.
- According to Luciano Benetton, Massimo Renon has left “hole of 100 million euros” after four years at the helm of the clothing brand. During the board meeting, “the bomb exploded” when it was discovered “a sudden dramatic hole in the budget, a shock that leaves us speechless”supported by the co-founder of the group.
- Luciano Benetton took over at the helm of the brand in 2018 to try to turn the company around, but the use of Massimo Renon as CEO did not produce the expected results. “I left the company in 2012 when it was in good health, with a turnover of 2 billion euros and a profit.”recalls Luciano Benetton for an Italian daily.
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