Genoa bridge disaster sharpens focus on Benetton strategy shift [Reuters]
TELECOM ITALIA (TI.A)
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Source: Reuters
Genoa bridge disaster sharpens focus on Benetton strategy shift | Reuters 5 Min Read * Benettons diversified as fashion sales declined * Atlantia sales have tripled since 2000 * Agreed joint 18 bln euro deal for Abertis * Atlantia share price graphic: reut.rs/2vX14vx By Sarah White and Melissa Fares PARIS/NEW YORK, Aug 20 (Reuters) - A world away from the brightly coloured knitwear that made the family name, what had looked an inspired move into infrastructure by Italy’s Benettons faces increased scrutiny after this month’s Genoa motorway bridge disaster. The Benettons’ diversification, which countered declining fortunes at their eponymous fashion brand, has been richly rewarded. But the collapse of the Genoa bridge run by a unit of Benetton-controlled Atlantia - killing 43 people - has sparked a crisis for their prized asset as the government moves to revoke its concessions. Atlantia shares were down more than 7 percent at 1333 GMT on Monday and have tumbled by about 28 percent sinc
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