By  on April 24, 2012

PONZANO VENETO, Italy — Luciano Benetton, co-founder and chairman of Benetton Group, said Tuesday that, after 47 years, he was passing the baton to his son Alessandro, who was previously executive vice chairman.

The shift confirms earlier WWD reports and comes as Benetton’s parent company, Edizione Srl, has decided to delist from the Milan Stock Exchange.

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