Benetton Group may sell stake to Uniqlo – report (translated)
Benetton, the privately-held Italian clothing group could sell a stake to Japanese retailer Uniqlo, Italian language daily Il Sole 24 Ore reported on 5 April.
Benetton is considering selling the stake, as it would allow the group to penetrate Asian markets, the unsourced article said.
Benetton could also sell a stake in Olimpias, the Italian hat manufacturer, which has a turnover of EUR 400m. The report said the aim would be to broaden Olimpias' operations in Europe.
Boston Consulting Group is advising on both the operations, the article noted.
In a recent interview, Gilberto Benetton, head of the Benetton Group, confirmed that a stake could be sold to either an industrial or financial investor. Benetton said that a relisting could also be a possibility or a combination of all three options could be pursued.
Both Benetton and Olimpias are owned by the Benetton family via their Edizione Holding.
Source Il Sole 24 Ore