Benetton restructures TVR holdings

Benetton Interational N.V., the Dutch division of the Italian clothing maker, acquired 50% of TWR Group from a Dutch company controlled by Edizione Holding, which is the holding company controlled by the Benetton family, for US$ 17 million. Tom ...

Benetton Interational N.V., the Dutch division of the Italian clothing maker, acquired 50% of TWR Group from a Dutch company controlled by Edizione Holding, which is the holding company controlled by the Benetton family, for US$ 17 million. Tom Walkinshaw owns the other 50%.

The deal was done "to improve the role that sports plays in Benetton's communications strategy."

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About this article
Series Formula 1
Drivers Tom Walkinshaw
Teams Benetton