Italian fashion group Benetton continues its corporate reorganisation process designed to optimise its relaunch, having completed a first restructuring phase. According to Italian financial daily MF-Milano Finanza , which was able to glean some of Benetton’s internal documents, the group based in Ponzano Veneto “has created seven newcos (all based at Benetton’s corporate hub in Castrette) among which, following a complex partial double demerger and spin-off operation, various assets and corporate functions have been divided up.”

Seven new companies, which will become operational next January, have been created following the group's internal reorganisation. Benetton Group has become the coordinating holding company and will always have the final say on financial, legal and auditing de

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