Benetton buys into Serbia - sportstextiles: Lea SportsTextiles

News

Benetton buys into Serbia

03/06/2011
Reports from Serbia say the Nitex textile company, based in the southern city of Niš, has been sold to Italian apparel firm Benetton. The minister for the economy and regional development, Nebojsa Ciric, and Benetton chief executive, Biagio Chiarolanza, signed the contract, with Serbia’s president, Boris Tadic, and a member of the Benetton family, Luciano Benetton, in attendance.

Mr Chiarolanza stated that over the next few years, Benetton will create a new centre of the Serbian textile industry in Niš, and Luciano Benetton said that this would involve an investment of around EUR 50 million and the creation of up to 3,000 new jobs.

Sportstextiles.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.