Amadeusz Juskowiak

Benetton in financial services joint venture

Benetton Group Spa BTOMMI said it reached agreement with textiles concern GFTGruppo Finanziario Tessile Spa for a joint venture in the financial services sector

A Benetton spokeswoman said details of the accord would be outlined at a news conference on Thursday in Milan The Italian clothing group has targeted financial services as a sector in which to expand its activities

In January Benetton acquired a large minority stake in the Italian unit of the UK Financial services group Prudential Corp PLC PRULL