Marco Picone has left Benetton

Marco Picone has left Benetton

Italian fashion giant Benetton has lost its manager, as Marco Picone has left the company. His departure follows a restructuring program which was announced in November 2013.

Restructuring

 

The changes meant that the company would be split in three separate divisions starting in 2015, one for brands, one for real estate and one for industry. Marco Picone's duties were to take care of United Colors of Benetton and those tasks will now temporarily be handled by CEO Marco Airoldi.

 

The restructuring program is designed to cut down on losses and to regain its former position in the market. The company has 6,500 stores in 120 countries and used be an important name within the fashion world, mainly because of several ad campaigns.

 

The Benetton family withdrew the company from the stock exchange and paid 276.6 million euro to do so. The goal was to guarantee market value.

Questions or comments? Please feel free to contact the editors


Small Belgian brewery conquers Brazil thanks to playing cards

13/09/2017

Het Nest, a small brewery from Turnhout, will get its beers brewed in Brazil as well. It has struck a deal with Cervejaria Premium Paulista, which will brew and distribute the beers locally.

Price cuts drive 25 % more customers to Whole Foods

12/09/2017

Supermarket chain Whole Foods welcomed an additional 25 % of customers in the first few days following Amazon’s price cuts.

Ter Beke enters British food service industry

12/09/2017

Belgian food group Ter Beke has acquired a 90 % stake in British competitor KK Fine Foods for an undisclosed fee. The current shareholders hold onto the other 10 %.

Godiva wants to conquer the world through supermarkets

12/09/2017

Belgian praline brand Godiva will soon sell its chocolate in supermarkets all over the world after signing a deal with chains like Albert Heijn and Sainsbury’s. Previously, it sold nearly all its chocolate through its own store network.

Insight: Xavier Piesvaux' seven labours at Delhaize

10/09/2017

Can one French and several Dutch managers do what the Belgian management failed to do these past few years at Delhaize Belgium? Its new CEO will face plenty of challenges: we count at least seven.

Nestlé USA acquires food manufacturer Sweet Earth

08/09/2017

Nestlé USA has acquired American Sweet Earth for an undisclosed fee. The company mainly manufactures meat replacements, a rapidly-growing market, but also several frozen meals.

Back to top