Fast Clothes

Foà's solution has been "a matter of shifting resources," while redesigning and streamlining about 20% of the processes that he felt were redundant. To some extent, he adds, the project has been helped by Benetton's decision a few months ago to delist from the New York Stock Exchange. Though Foà doesn't want to lose any of the benefits of being Sarbox compliant — such as greater process visibility — the delisting has freed up resources that can be redirected to other work aimed at producing better information. All told, he reckons he's better off than other CFOs — his team has both the skills and the tools, Foà says with relief, they just need to be "fine-tuned."

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