BENETTON TO LAUNCH MANUFACTURING AND SALES OUTLETS IN SERBIA
May 1st, 2011
BY ZLATKO CONKAS
BENETTON is to invest Euro EUR43 million in clothing factory it is purchasing in the southern Serbian city of Nis, in a bid to strengthen its position in the Balkans.
The Italian knitwear giant is expected to become an official owner of the currently government-owned Nis-based 'Nitex' textile factory after a sale set for May 13. A Benetton spokesman said production would start immediately.
A four-year operation plan involves the Italians using the plant for knitwear and woven textile clothing production, primarily for export worldwide, ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.