Benetton Group is leaving the stock exchange after 26 years of trading. Shareholders tendered 92.37 percent of the shares in Benetton Group for €4.60 a share by the deadline last Friday. That was below the 95 percent level originally requested by Edizione for completion of the transaction, but the company has indicated that it considers it sufficient for its delisting. Benetton is no longer involved in sporting goods with the exception of Playlife, a brand of sport-inspired clothing. Meanwhile, Gianni Mion, the Italian executive who masterminded the creation and the development of the former Benetton Sportsystem (Nordica, Kästle, Prince, Rollerblade, Killer Loop, etc.) in the 1990s as a subsidiary of Benetton Group, is resigning as chief executive of Edizione, the holding company of the Benetton family that controls Benetton Group and manages other family investments in highways, restaurants, airports and other operations. He has been with the company for 26 years. Reportedly, Mion did not agree with Edizione's decision to launch a bid for full ownership of Benetton Group.

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