Benetton to Close 500 Stores, But Still Not Considering Bankruptcy
Benetton, the iconic Italian fashion brand founded in 1965, is planning to close approximately 500 stores worldwide in an effort to regain profitability, but bankruptcy is not part of the plan. These closures are part of a broader restructuring led by new CEO Claudio Sforza. The strategy includes cutting costs, shaving collection production time from […]
