After 60 years of history, United Colors of Benetton declares bankruptcy and closes all its stores

The renowned clothing brand, United Colors of Benetton, announced its bankruptcy after 60 years of career in the fashion industry. The company, known for its colorful, modern and accessible clothes, faces an unprecedented financial crisis. Debts, which exceed $31.5 million, left the company in a critical situation, the company reported. The digital commerce sector, known as e-commerce, profoundly transformed the business landscape in recent year…

Benetton, an iconic Italian brand, faces bankruptcy and closure of branches in Chile after millions of debts and fierce competition in the fashion sector.

The Italian fashion brand Benetton faces a crisis that has led to the closure of 400 establishments worldwide. In Spain, this situation is also reflected by the closure of 31 stores. A decision that marks the beginning of a new era for the company.Among the closings in the country stands out one of its stores in Valladolid. For its part, in León, the closing of the shop in Espacio León several months ago marked the beginning of this decline in t…

United Colors of Benetto n is on the verge of bankruptcy . The iconic Italian fashion brand has decided to take this step in the framework of a restructuring that has already led it to close approximately 400 stores globally, according to the financial express media and the Italian Les Echos. Founded in 1965, the company faces financial challenges arising from the transformation of the fashion market since the rise of the fast fashion in 2000 an…