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Gucci Parent Will Cooperate With French Tax Probe

Join us on January 26 at 11 am ET for a webinar with Lenzing, TextileGenesis and sustainable brand ArmedAngels for a discussion on how they’re using Fibercoin technology to realize traceability’s benefits to sustainability, brand loyalty and risk mitigation.

Following a media report alleging tax-related fraud, luxury titan Kering on Thursday confirmed that French Authorities had opened a probe in February of last year. “Kering had not previously been informed of this inquiry,” the French company said, adding that the preliminary inquiry was opened by France’s Parquet National Financier, the country’s financial public prosecutor’s…

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