The holding of the Benetton family, Editionapproved the budget for the tax year 2024, with a clear growth of both the revenues and the evaluation of the company. Alexander Benetton And Enrico Laghi were confirmed respectively president and CEO of the group.
In the meantime, the company that made the fortune of the Venetian family, Benetton Groupalways owned by the edition, is facing the most difficult period of its history, with the closure of dozens of stores in Italy and in the world.
The record balance of edition
The edition assembly approved a very positive balance for 2024. The holding of the Benetton family recorded consolidated revenues for 10.1 billion eurosgrowing compared to 9.5 billion in 2023
In addition to the confirmations at the top, the Assembly sanctioned the entry into the board of directors Laura Zanetti And Annachiara quickindependent members who make the share of women on the Board of Directors rise to a third.
In his letter to accompany the budget, the president Alessandro Benetton traced the next edition objectives:
In the next few years we intend to continue to grow in the industrial sectors where we already express a prominent expertise and to evaluate new ones, always bringing innovation and financial and industrial skills.
All companies controlled by the Benetton holding
Edition is the financial vehicle that allowed the Benetton family to diversify their activities, which started from the famous chain of clothing stores. Today, however, the main business of the Venetian family concerns the infrastructure Of transport.
The company that expresses the interests of the Benetton in this area is Mundyscontrolled for 57.01% by Alfa scheme, in turn owned by 100% edition.
Through Mundys, in Benetton they have participations in:
- Abertis (50%), which manages 8,200 kilometers of highways in 15 countries;
- Airports of Rome (99.39%), which manages the airports of Fiumicino and Ciampino;
- Azzurra Airports (60.40%), which in turn checks Aéroports de la Côte d’Azur (64%);
- Bologna airport (29.38%);
- Getlink (15.49%), the company that manages the Eurotunnel, the submarine tunnel that connects France and Great Britain;
- Yunex Traffic (100%), which creates mobility solutions for cities;
- Telepass (51%).
From 2023 edition also controls Avoltaa company born from the merger of Autogrill and Dufry, a Swiss company that manages many shops of duty free in different airports in the world. Holding also fully controls companies in the agricultural sector Maccarese, Cia De Tierras and Ganadera Condor.
To these participations is also added the role of edition in bank risiko Italian, with 4.83% of general insurance and 2.2% of Mediobanca. Finally, the clothing “from which everything started” remains, as written by Alessandro Benetton in the letter to the board. An increasingly relevant sector and more and more in difficulty.
The situation of Benetton Group
The group it is in crisis For years. The company has not been able to adapt to fashion changes and the Venetian family has gradually disengaged from its management, completely leaving the board of directors in May 2024.
After closing over 100 stores worldwide in 2024, Benetton aims to cut at least another 300 by the end of 2025. A strategy that is partially working in Reduce losses. In 2024 the liability was just under 100 million euros, 57.5% less than 235 million in 2023.
