Benetton Group SpA

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ITALY: Benetton Warns Of Fall In Full-Year Sales, Profits | 18 Nov 02

Clothing group Benetton has warned that slowing demand and ongoing problems at its sporting goods unit mean its full year sales are likely to fall by between 3.5 per cent and 4 per cent. Profits will also drop by around 5 per cent the company said.

ITALY: Benetton Says Adidas, Puma Not After Sports Brands | 29 Oct 02

The chairman of Italian fashion giant Benetton Group SpA confirmed on Tuesday the firm wants to sell its sportswear units and has already received several offers from various suitors. Gilberto Benetton declined to name the interested parties in an interview with leading German business publication Handelsblatt but said they did not include German titans Adidas Salomon AG and Puma AG.

CHINA: Shanghai Opens Benetton's Biggest Store | 16 Oct 02

Italian fashion giant Benetton Group SpA on Wednesday opened its largest store in the world in China. Chairman Luciano Benetton opened the four-storey, 3,000 square metre, store in the main shopping area of Shanghai during a special ceremony.

ITALY: Benetton To Sell Sports Unit To Head? | 9 Oct 02

Italian fashion group Benetton SpA was on Wednesday reported to be in talks over the possible sale of its sports equipment unit to Head.

ITALY: Benetton Up 11 Per Cent On Sports Unit Revamp | 13 Sep 02

Italian fashion chain Benetton SpA revealed an 11 per cent climb in first half net profit on Thursday as results were boosted by a reorganisation of its sports unit and the sale of manufacturing unit Color Service. Benetton said net profit rose to 60 million euros but sales for the first six months of the year slipped four per cent to one billion euros. Gross operating income climbed 1.3 per cent to 453 million euros.

ISRAEL: Browzwear, Kopperman Design Strategic Partnership | 11 Sep 02

Two companies supplying cutting edge technology to the apparel industry have entered into a strategic partnership, which they believe will provide designers with a tool for enhanced garment and store design. Israeli firm Browzwear International Ltd and Koppermann Computersysteme GmbH of Germany say one of their goals is to tightly integrate Browzwear´s V-Stitcher product with Koppermann´s Tex-Design drawing and Tex-Store visual merchandising products. This will enable customers to apply patterns generated in Tex-Design directly on V-Stitcher's avatars, eliminating the need for format conversions.

Seamless garments surge into new sectors | 5 Aug 02

As recently as l997 seamless garments comprised a mere one per cent of knitted production. Today's figure is more than seven per cent - and growing. Swimsuits, bras and knickers have all embraced the concept, but now new body size machinery is helping to swell the seamless market into new sectors. Sonia Roberts reports.

ITALY: Benetton Chief Joins Prada Board | 26 Jun 02

Luxury goods maker Prada today announced the appointment of the boss of Italian fashion giant Benetton Group, Luciano Benetton, to its board. In a statement, Prada said Mr Benetton will be joined on the board by another new arrival, Manuel Puig, chairman of the Prestige Beauty division of the Puig group.

ITALY: Benetton Denies Sports Brands Sale Report | 25 Jun 02

Leading Italian fashion firm Benetton SpA on Monday dismissed reports that claimed it has decided to sell its sports equipment brands that include Killer Loop, Nordica, Prince and Rollerblade. The company issued the statement in response to claims in the Il Sole 24 Ore newspaper at the weekend but did reaffirm its desire to cut losses on its sports brands to 14.4 million euros this year from 48 million euros in 2001.

BOSNIA: Benetton-Led Consortium Pulls Out Of Store Deal | 12 Jun 02

Plans by a consortium led by Italian fashion group Benetton to buy a huge department store in the heart of Sarajevo's fashion district appear to have collapsed, officials said on Wednesday. The consortium won a tender six weeks ago to buy the state-owned Sarajka store as part of a $45 million deal, but privatisation officials said it has failed to meet conditions and the building will now be offered to another bidder.

ITALY: Benetton Off To A Flyer | 14 May 02

Italian fashion group Benetton said on Tuesday its first quarter net profit rose to 19.1 million euros from 18 million euros in the year-ago period which also included extraordinary costs of five million euros. In a statement, the company said revenues in the 13-week period fell to 446.8 million euros from 464.7 million euros, with income from its sports division hit by lower sales of in-line skates.

BOSNIA: Benetton Leads Store Acquisition Group | 2 May 02

Italian fashion group Benetton has led a consortium that fought off several rival bidders to win a multi-million dollar tender for a state-owned Sarajevo department store. The huge Sarajka store is in the heart of the Bosnian capital and its new owners include Benetton's property arm Edizione Property.

Iran: a land of apparel opportunity? | 8 Apr 02

‘Made in Iran’ could be the next label to appear in some of the world’s leading fashion brands. Several European firms are already looking at investing money in Iran’s clothing and textile industry, and its good availability of raw materials, large number of manufacturing facilities and cheap labour mean more foreign investors could soon follow. There are opportunities for manufacturing joint ventures, plant and machinery sales - and easy access to export markets with a potential 300 million customers.

ITALY: Benetton Opens New Barcelona Megastore | 22 Mar 02

Italian fashion giant Benetton on Wednesday threw open the doors to its new $620 million megastore in the heart of Barcelona. The new shop covers an area of 2,700 sqm and stocks the entire range of women's, men's and children's collections as well as Benetton's new youth-oriented line called The Hip Site.

ISRAEL: Browzwear Launches New Version Of V-Stitcher | 22 Feb 02

Browzwear, a leading developer of real-time 3D solutions for the fashion and apparel industry, has announced the release of its latest configuration of V-Stitcher.

The virtual world Bobbin Publishing Group | 18 Feb 02

Improved technologies for online fit prediction, virtual try-on, mass customisation and customer relationship management are giving apparel brands and retailers increased opportunities to maximise both their online and brick-and-mortar sales. Bobbin spoke recently with several industry executives at information technology firms about various online and virtual tools available for retailers to better service their customers. Here's what they had to say.

SWITZERLAND: Officials Fight To Stop Bin Laden Fashion Brand | 21 Jan 02

Worried Swiss officials were on Monday reported to be desperately trying to stop a half-brother of Osama Bin Laden from launching a fashion label named after the notorious terror chief and world's most wanted man. According to the New York Post, the Swiss Federal Institute of Intellectual Property has begun moves to revoke the trademark issued to Yeslam Binladin who wants to set up a casual clothing label bearing the family name.

SWITZERLAND: Osama's Brother Plans Bin Laden Fashion Label | 17 Jan 02

The world's most wanted man, Osama bin Laden, is set to have a clothing line named after him after one of his brothers applied for trademark protection in Switzerland and the EU, the Wall Street Journal reported on Thursday.

JAPAN: Benetton Unveils Plans For New Mega-Stores | 6 Dec 01

Leading Italian clothes and apparel group Benetton has announced it is to invest $24 million in three new mega-stores in Japan as part of its strategy to advertise its brand image and the quality of its products in major cities worldwide. Chairman Luciano Benetton said the company was looking to build on the success of its existing mega-stores in Tokyo, Kobe and Hiroshima, Paris, New York, London and Berlin. The Benetton Group currently operates 230 outlets in Japan, including franchise stores.

ITALY: Teddy Looks To Expand In France And Germany | 23 Nov 01

Italy's number one in ready fashion or "pronto moda", Teddy SpA, has announced it wants to expand its Terranova retail chain in France and Germany next year. The Rimini-based company, second only to Benetton in Italy's clothing retail sector, has operated pilot stores in Düsseldorf and Lünen for one year with its fashion ranges targeted at the same female customers of Spanish rival Zara.

FRANCE: Benetton Opens New Paris Megastores In Global Expansion Plan | 22 Nov 01

Clothing group Benetton SpA announced on Wednesday it had opened two new megastores in Paris in the latest step of its strategy to move out of franchising and concentrate sales at fully-owned sale points.

ITALY: Benetton CEO Says US Attacks Had "Limited Impact" | 19 Nov 01

Luigi de Puppi, chief executive of Italian clothing manufacturer Benetton Group, has told an Italian newspaper that a fall in demand after the September 11 terrorist attacks in the US will have a "limited impact" on the company's business. "We haven't substantially revised down our estimates," de Puppi told Milano Finanza. "For end-2001, the estimates indicate a revenue of EUR2.1 billion and a slight drop in profit."

ITALY: Benetton Reveals Third-Quarter Profit Increase | 13 Nov 01

Italian fashion retailer Benetton announced on Monday that its net profit rose to 31.3 million euros in the third quarter from 22.3m in the same period last year. In a statement, the clothing group said nine-month net profit after extraordinaries fell to 98.6m euros against 108.1m euros in January-September 2000.

HONG KONG: Benetton Chairman Slams Sky-High Rental Costs | 22 Oct 01

The founder and chairman of controversial Italian fashion chain Benetton Group, Luciano Benetton, has hit out at the high cost of rental properties in Hong Kong. Mr Benetton told Business Post that Hong Kong rentals were still high despite the deteriorating economic conditions and that as a result, his group had become more cautious in its ambitions of developing its own office building there.

Keeping up with global pacesetters Bobbin Publishing Group | 8 Oct 01

Although breaking through national borders is difficult in the apparel industry, communications are broadening, and the world is becoming a continually smaller arena in which to do business. The industry's global leaders are setting the pace for what may become the norm - a global presence that borders cannot contain. This feature takes a look at 10 diverse leaders in the global apparel industry, from Europe to Asia to the Middle East.

ITALY: Sales Up But Profits Down At Benetton | 12 Sep 01

Clothing and retail group Benetton reported a 15 per cent drop in net profits after adjusting for extraordinary items in the first half and forecast steady earnings on the same basis for the year as a whole.

Bobbin World's technology spotlight | 3 Sep 01

Established alongside IMB in Cologne and JIAM in Japan as one of the three global exhibitions for apparel technology, the organisers of this year's Bobbin World could not help but be disappointed by a low visitor turnout. Unfortunate timing, which coincided with a backdrop of increased global competition, retail pressures, rising material costs and economic downturn meant that the show was a quiet affair, with technical innovations few and far between. Niki Tait and Leonie Barrie report.

INDIA: DCM Benetton Puts $15 Million Into Retail Growth | 3 Sep 01

DCM Benetton, a joint venture between the Italian Benetton Group and DCM, plans to grab a greater share of India's readymade apparel market. The company says it will invest $15 million over the next three years on both back-end factory operations as well as front-end retail, and will add between 50 and 60 more stores to the current 100 already in India over the next year.

RUSSIA: Benetton To Set Up Shop In Moscow | 24 Jul 01

Benetton has bought 2,500 sq ms of retail space in Moscow, including the Krasnopresnensky department store, the Moscow Times reported. The Italian group said it would open several outlets in the complex, including Benetton and Sisley clothes stores and a restaurant. It also plans to sell Benetton furniture there, making it one of only two stores to offer the home interiors line - the other is in Vienna.

ITALY: Benetton Blames G-8 Activists For Letter-Bomb | 20 Jul 01

Benetton is blaming anti-globalisation protestors for a letter bomb that was delivered to its headquarters on Wednesday. The bomb, which was delivered to Gilberto Benetton's secretary, caused no injury but has prompted the retailer to increase security measures in the weeks before the upcoming G-8 economic summit, which is to be held in Genoa.





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