MILAN — Benetton Group is setting in motion its three-year program to restructure its operations and grow its business and is expected to let go of about 130 employees, according to a market source.
As first reported in December, the group plans to further grow its United Colors of Benetton and Sisley brands and to divest its other labels, including Jean’s West, Killer Loop, Anthology of Cottons and Playlife, by the end of the year. As per this strategy, all stores managed directly by the group that operate under the Playlife retail brand, where such labels are currently primarily distributed, and their related business and support structure will close.
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