
The day after the luxury group announced that it will pay a record fine of 1.25 billion euros to Italian tax authorities, shares in the company rose 1%, reflecting a certain confidence as this chapter draws to a close.
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The day after the luxury group announced that it will pay a record fine of 1.25 billion euros to Italian tax authorities, shares in the company rose 1%, reflecting a certain confidence as this chapter draws to a close.
French luxury goods group Kering said on Thursday it had agreed to a 1.25 billion euro (1.08 billion pounds) settlement to draw a line under a dispute with Italian tax authorities centered on its fashion brand Gucci.
The North Carolina-based lifestyle group announced on Thursday that it has become a signatory of the Fashion Industry Charter for Climate Change, reinforcing its commitment to climate advocacy and sustainability.
Gucci, which is part of the Kering conglomerate, is set to make a return to the makeup sector with a new beauty collection designed by creative director Alessandro Michele.
French luxury group Kering is close to agreeing to pay between €1.3 billion (£1.1 billion) and €1.4 billion to settle a dispute with Italian authorities over unpaid taxes by its fashion brand Gucci, sources said.
Luxury leather goods maker Hermès reported a 16% rise in first-quarter sales on Thursday, helped by strong demand for its core leather offering in mainland China.
Forget how many carats -- how ethical is your gold? As high-end consumers demand to know the origin of their treasures, some jewellers are ensuring they use responsibly sourced, eco-friendly or recycled gold.
Kering's shares fell by nearly 6 percent on Thursday after signs of a slowdown at the French fashion company's Gucci brand, particularly in the United States, took the shine off a broader rise in sales.
Gucci growth is slowing but Kering is OK with that as it's still surging. Meanwhile Saint Laurent and Balenciaga are powering ahead and Bottega Veneta sales may be down, but the omens are good for Daniel Lee's designs.
France accounts for over one quarter of the total sales of the top 100 luxury corporations worldwide according to Deloitte’s 2019 report, with 9 groups listed and LVMH, L'Oréal, Kering and Chanel in the top 10.