The book

The Benetton family's longest hour

We anticipate an excerpt from 'Never Stop', in which the author reveals the 2021 meeting in which the family decides together to renew the group

Alessandro Benetton

4' min read

4' min read

Villa Minelli has belonged to my family since 1969: it is a 17th-century Venetian villa that my father and his brothers restored together with Afra and Tobia Scarpa, installing the heart of Benetton there. It is the place that most represents the history of the company and it is there, next to my father's office on the ground floor, that I ask my cousins to meet us.

Since, before being partners, we are a family, it is to the latter that I speak, without mincing words: 'Under these conditions I cannot stay, everything our parents believed in is crumbling before our eyes'.

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I am ready to leave, in agreement and together with my father, but there is a problem: I am not the one who leaves, I am the one who finishes the race. One never quits, even if there is only one, tiny chance of succeeding: my father taught me that, by word and example. And in fact a die-hard part of me doesn't listen to reason, tells me: 'No, wait, try again, underneath they think like you'.

They are intense hours, we speak frankly. I thought the cousins would do nothing to hold me back, that they would be relieved by my decision: Alessandro is always the one to disagree, what can you do, thank you and goodbye, friends as before. Instead I was wrong. Or rather, perhaps I hoped it would be that way. They too are realising that we cannot make up for mistakes by relying on mechanisms and logic from the past. That we cannot work with a management we do not trust, just as we cannot work with a management that does not trust us.

So we start again: from identity. "What do you think Edizione should be?" I ask. "From my point of view, if it exists to make money, then we can consider it a financial company, but in that case we would be better off with a specialised fund, which certainly performs better than all of us put together. However, I remember the year Edizione was born, and I remember that the aim was to export our parents' entrepreneurship, their values, their far-sightedness to sectors other than clothing. And I bet you remember that too. Here, if we want to pick up that baton, to be long-term entrepreneurs, to play a positive role in the country, with projects that go beyond us because they are oriented towards the welfare of the next generations, then I am here to build with you. And I dare, I propose my project once again: a completely new edition.

Finished speaking, I remain silent, take a breath, sit down and watch my cousins. I can sense it, I can almost touch it, the pride of being part of our family, our DNA. Everything is intact: the seriousness, the dedication, the respect, the passion, the creativity, the ability to take risks and responsibility. Not even my cousins want to retire.

We could have become what many already thought we were, i.e. quitters, only interested in profit, selling out and leaving, or we could have risen again as a second generation capable of picking up the baton of the first, carrying it forward under their own leadership. We chose this second possibility.

We steer and accelerate at full force, compact as a Roman tortoise. We are heirs to an important tradition and now is the time to project it into the future...

The following months are very busy and, in 2021, Atlantia sells Autostrade to a consortium of public and private players led by Cassa Depositi e Prestiti. At that point, we have to rethink everything. We focus on the keystone of the holding company's design and economic relaunch: its culture. We decide that Edizione must be animated by an entrepreneurial spirit, focused on the challenges of the millennium, namely innovation and sustainability, in all their many declinations, and act with a global perspective, since nobody does anything alone.

All that remains is to identify who will lead this transformation. Enrico Laghi's mandate expires at the end of the year, but nobody has any doubts and we ask him to stay on as CEO of the new Edizione, which becomes a joint-stock company in January 2022. A chairman is needed and everyone agrees that I should take on this role. I accept with joy, happy to be able to put the maximum of my entrepreneurial and creative skills at the service of all the subsidiaries... We therefore intend not so much to manage the existing, but to write a new volume of family history by taking care of its roots. We put this intention into practice first of all by revolutionising Atlantia, together with a handful of good and capable managers. Awareness, responsibility, sense of duty: these are the values on which we have founded its renewal. Without ever forgetting what happened. In three years Atlantia was restructured in terms of shares, management and lines of development, which now focus on network infrastructure and integrated mobility, technological innovation and sustainability. At the end of this process, we realise that there is very little, if anything, left of the previous company: finding this new player a name of its own is almost an act of duty. In 2023 we christen it Mundys, because it makes explicit the horizon of our daily endeavour: the planet and the living beings that inhabit and traverse it.

In his second book Mai fermi. Otto punti fissi per la tua traiettoria (Mondadori, pp. 204, € 20) Alessandro Benetton talks about the eight 'masters' who have inspired him in the most important moments of his life. In the last chapter dedicated to his father Luciano, entitled Perseverance, the author reveals a meeting that until now has remained confidential, held in 2021 in the headquarters that for years has been the heart of the Benetton Group, during which his cousins unexpectedly ask him to take over the leadership of Edizione, the family holding company. This is the first step of the new generation, which decides to take charge of the severe difficulties the Group is going through, to open a phase of total renewal, recovering the values of the 'founding fathers'.

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