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Alessandro Benetton quits Italian fashion firm's board
30
Nov '16
Courtesy: Benetton Group
Courtesy: Benetton Group
Alessandro Benetton, the son of one of the founders of the Italy based global fashion company Benetton Group, has quit the brand's board. Until 2013, Benetton had served as the executive president of the company. His exit from the group has raised various concerns regarding the future of the company that has undergone multiple creative relaunches.

The fashion apparel brand confirmed Benetton's exit and called it a regular rotation within the board, according to Italian media reports. The board is likely to select the successor to Benetton in the next board meeting.

Alessandro Benetton is also the founding managing partner of 21 Investimenti, a private equity firm that buys companies to increase their competitive advantage in the market.

Benetton is the son of Luciano Benetton, who launched the fashion brand along with his siblings Gilberto, Giuliana and Carlo in 1965. (KD)

Fibre2Fashion News Desk – India


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