Benetton reports heavy 2023 losses

By Agence France-Presse

May 30, 2024 12:28 am

MILAN, Italy – Italian fashion giant Benetton's net loss almost tripled to 230 million euros in 2023 amid a row between the brand's co-founder and its current chief executive.

This includes a write-down of 150 million euros, according to sources close to the group. Since 2013, the group has accumulated losses of more than 1 billion euros.

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