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MILAN - Italy's Benetton family is readying plans to address mounting losses at its eponymous clothing retailer, including parting ways with CEO Massimo Renon after four years, two people close to the group said on Monday.
Renon, who built his career in the eyewear industry working at Luxottica, Safilo and Marcolin, declined to comment. Benetton has struggled to withstand growing competition from fast-fashion giants such as Zara owner Inditex which have developed a nimbler production and distribution model, able to more quickly respond to consumers' changing tastes.
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