However, Pietro Marzotto abruptly stopped negotiations, which led to Pietro's resignation of his function as chief executive and the take-over by Jean de Jaeger, the first non-Marzotto to be promoted to such a function. Pietro nonetheless remained the majority shareholder of Marzotto S.p.A. and he purchased Liteksas, a Lithuanian wool garments manufacturer, in 2000, so that the company could shift part of its production to the lower-cost market.
Pietro Marzotto abruptly halted negotiations, resulting in his resignation as CEO and Jean de Jaeger's promotion to the position. Pietro remained the majority shareholder of Marzotto S.p.A., and he acquired Liteksas, a Lithuanian wool garment manufacturer, to relocate some production to a more cost-effective market.