Benetton Group S.r.l. [1] is a global fashion brand based in Ponzano Veneto, Italy, founded in 1965. Benetton Group has a network of about 5,000 stores worldwide.[2] It is a wholly owned subsidiary of the Benetton family's holding company Edizione.
History
In 1965, the Benettons opened their first store in Belluno, in the Veneto region of northern Italy,[3] and three years later, in Paris. The company's core business consists of clothing brands United Colors of Benetton[4] and Sisley.[5]
Benetton was an iconic brand in the 1980s and 1990s, but has since struggled to regain this position. In 2000, it ranked 75th in Interbrand's ranking of the best global brands; however, by 2002, it had dropped out of the list.[6]
In 2012, Benetton Group was delisted from the stock exchange and is now a fully owned subsidiary of the Benetton family company Edizione holding.[7]
In 2017, the group posted a loss of €180 million.[8] Prompted by the heavy losses, Luciano Benetton, who was then 83 years old, returned from retirement as executive chairman for the brand.[9]
Revival efforts also included appointing French designer Jean-Charles de Castelbajac as artistic director and re-appointing photographer Oliviero Toscani.[10] As of 2020, United Colors of Benetton had 1,500 employees and used 25,000 workers through subcontractors.[11] In March 2020, Massimo Renon was named CEO of the company.[12]
On May 25, 2024, Luciano Benetton announced that the group had a loss of €100 million and accused Renon and other executives of mismanagement.[13]
Following Renon's departure, in 2024 Claudio Sforza was appointed CEO of Benetton Group while Christian Coco became president.
In 2025 it was announced that more than 418 stores will close.[14] 180 of 418 were already closed since 2024.[15]
Marketing
Benetton is known for its innovative and often controversial advertising campaigns. In 1982, Benetton hired Oliviero Toscani as creative director, marking a shift from conventional fashion promotion to raising awareness of global social issues.[16] In 1984, Toscani photographed the first multiracial ad for the brand,[3] and by 1989, he had refocused Benetton's advertising strategy under the "United Colors of Benetton" slogan.
The company's large-scale billboard ads depicted a variety of subjects intended to provoke debate. One featured the deathbed photograph of a man (AIDS activist David Kirby) dying from AIDS, used in a 1992 Benetton campaign during the height of the AIDS crisis in the US.[17][18] Another showed a bloodied, unwashed newborn baby with umbilical cord still attached. This ad prompted roughly 650 complaints to the British Advertising Standards Authority, which noted in its 1991 annual report that it had "attracted more complaints than we have ever previously known."[19]
Sport and sponsorship
Benetton Group entered Formula One as a sponsor of Tyrrell in, then Alfa Romeo in ; this arrangement was extended to both Alfa and Toleman in. Benetton Formula Ltd. was formed at the end of 1985 when the Toleman and Spirit teams were sold to the Benetton family. The team saw its greatest success under Flavio Briatore, who managed the team from to. Michael Schumacher won his first Drivers' Championships with the team in and, and the team won their only Constructors' title in 1995. From, the team raced under an Italian licence, although it continued to be based, like Toleman, in Oxfordshire in England. The team was bought by Renault for US$120 million in and was rebranded Renault F1 in 2002.
In 1979, Benetton first sponsored their (then amateur) local rugby team, A.S. Rugby Treviso. Benetton Rugby has since become a major force in Italian rugby, with 11 league titles and supplying many players to the national team.[36] Benetton Group was the main sponsor and majority owner of basketball club Pallacanestro Treviso (then known as Benetton Basket) during its golden era from 1982 to 2012, when the club won 17 Italian titles and 2 European cups. Benetton Group has been also main sponsor of Sisley Volley (1987–2012).
Criticisms
In 1991, Edizone Holding International, a Benetton subsidiary, bought Compañía de Tierras del Sud Argentino S. A. and became the largest private landowner in Argentina after taking over the land the company had inherited from the 19th century Conquest of the Desert.[37] Benetton has faced criticism, particularly from Mapuche organizations, over its ownership and management of traditional Mapuche lands in Patagonia.[38] In 1997, Benetton invested in a museum in Leleque which presented the Mapuche as migrants from Chile, which was interpreted as an attempt to diminish the Mapuche's traditional claims.[39] The Curiñanco-Nahuelquir family was evicted from their land in 2002 following Benetton's claim to it, but the land was restored in 2007.[40] The company published a position statement regarding the Mapuche in Patagonia in 2012.[41]
See also
- Benetton family
- Colors (magazine)
External links
References
- DOP Dizionario.rai.it, retrieved 28 June 2012^
- At a glance Benetton Group, retrieved 5 May 2010^
- Donald L. Brady. Essentials of International Marketing Routledge, 18 December 2014^