By  on January 31, 2012

MILAN — Benetton Group may be going private.

The storied Italian firm’s majority shareholder, Edizione Srl, is mulling a delisting of the company’s shares. Benetton shares were suspended on the Milan Stock Exchange on Tuesday after they rose 9.3 percent to 4.05 euros, or $5.32 at current exchange, in midday trading. Benetton, which went public in 1986, denied speculation that its shares had gained following rumors of a merger with Spain’s giant Inditex Group, owner of the Zara brand.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus