• Benetton family invests 300 million euros into business

    11 days ago - By Fashion United

    Image: United Colors of Benetton Facebook page
    The Benetton family, owners of the Benetton Group and its production assets, has injected 300 million euros to help save the struggling business. Benetton is best known for their brand United Colors of Benetton. The news was reported by Reuters.
    Last year, Benetton Srl's losses quadrupled to 361 million euros last year. The company was hit particularly hard by the COVID-19 pandemic and has yet to rebound even after other competitors and retailers saw rebounds after lockdown reopening.
    The injection of capital came specifically from Edizione...
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