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FB Roundup: Benetton, Selfridges, Walmart

June 21, 2021

Benetton family channel $9.7 billion sale proceeds into co-investments, Weston family puts Selfridges up for sale for $5.5 billion, Walton family raises $2.1 billion from Walmart shares.

Benetton family channel $9.7 billion sale proceeds into co-investments

The Italian infrastructure company controlled by the Benetton family has offloaded its Italian road toll subsidiary for $9.7 billion and says it will use the proceeds to reinvest in technological, digital and sustainable partnerships.

FB Roundup: Lego, Dassault, Benetton Group

July 2, 2019

Lego buys back entertainment parks, Dassault Aviation signs French AI manifesto, Genoa bridge demolished.

Lego repurchase of Legoland Parks continues trend of de-listing
Lego’s parent company has bought back the entertainments company it sold to Merlin Entertainment in 2005 for £4.8bn with a consortium of private equity and institutional investors.

Lego’s parent company, Kirkbi, which is controlled by the third-generation of the Kirk Kristiansen family, already owned a 30% stake in Legoland Parks after selling 70% of the business for about £250 million in July 2005 to repay mounting debts.

Benetton family targeted over Genoa bridge collapse

August 17, 2018

Italy’s Benetton family is under attack from politicians and the public following the involvement of one of their companies in the Genoa bridge tragedy.

Italy’s Benetton family is under attack from politicians and the public following the involvement of one of their companies in the Genoa bridge tragedy.

Benetton co-founder shakes up governance with next gens

May 24, 2018

Luciano Benetton has overhauled the fashion empire he co-founded by forming a new corporate vehicle and appointing next generation family members to its board.

Luciano Benetton has overhauled the fashion empire he co-founded by forming a new corporate vehicle and appointing next generation family members to its board.

The truth and lies behind family stakes

May 8, 2012

The family behind Benetton looks all set to take full control of the fashion group, but the same cannot be said for Indian manufacturing firm Escorts Group – reports that the controlling Nanda family is increasing its stake in the business are “completely false”.

According to a spokesman for the Indian family business, a merger of the group’s subsidiary companies “is happening”, but the “Nanda family is not upping its stake”.

Benetton family seeks complete control

February 1, 2012

The family behind Benetton Group is considering making an offer to buy the shares it doesn’t already own, in a bid to take the Italian fashion retailer private.

Through its holding company Edizione, the Benetton family said it is considering buying the 33% of the company's shares that are listed on the Milan Stock Exchange.

Edizione controls 67% of the family business, which is famous for its coloured knitwear and owns brands such as Sisley and Playlife.