Showing posts with label Benetton foreign investment. Show all posts
Showing posts with label Benetton foreign investment. Show all posts

Wednesday, May 18, 2011

Benetton invests in Serbia thanks to Sepia

Last week, the Italian group Benetton, through 21 partners have concluded, after months of negotiations, an agreement with Serbia. Benetton at the end was able to purchase the company in Nis Nitex to just over € 3 million. Nitex is a thriving textile industry abandoned due to the veto imposed by the Serbian government in view of the planned privatization.

There are currently six hundred jobs remained unemployed due to closure of the plant. Benetton aims to restart production to aim to cover the Serbian market. Right at the end of last month we had the news of the opening of new flagship store in Ljubljana. The agreement is proof that the Serbian team Benetton watch with great interest the prospect of expanding markets in Eastern Europe.