Betrayed by Benetton: A Bitter Farewell

Unraveling the Benetton Scandal: Luciano Benetton’s Interview on Betrayal, Financial Loss, and Responsibility

Luciano Benetton, founder of the clothing group, has expressed his feelings of betrayal and disappointment in an interview with Corriere della Sera. He admitted that he had trusted those in top management, only to realize that the images they presented were not a reflection of reality. This realization was a shocking blow to him.

Benetton acknowledges the impact of this betrayal on the company, its employees, and customers worldwide. Despite taking Benetton off the stock market to keep entrepreneurial risks within the family’s control, he feels a strong sense of responsibility to address the situation with transparency and honesty before exiting the group.

In an interview last year, Benetton began to notice discrepancies in financial numbers during board meetings. By the end of 2023, a significant budget shortfall was revealed, which he describes as a bomb exploding. This revelation left everyone stunned and struggling to comprehend the gravity of the situation.

When pressed about financial losses, Benetton estimates them to be around 100 million but emphasizes that ongoing revelations since September 2023 have been nothing short of a disgrace. He remains committed to addressing these issues head-on and taking responsibility for their consequences despite the personal and emotional toll it has taken on him.

Overall, Luciano Benetton is determined to make things right for his family business and those who rely on it by acknowledging his mistakes and making necessary changes for transparency and accountability in future endeavors.

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