Author: SARAH MEYSSONNIER | Reuters
Agents of the Italian Financial Guard (tax crime police) carried out an inspection offices of the luxury brand Gucci in the city of Milan, as part of the European antimonopoly investigation. The inspection was carried out this Tuesday afternoon at the Milan headquarters of the company, which belongs to the French Kering group, according to local media.
The operation, the other details of which have not yet been released, ordered by the European Commission (EC) as part of the anti-monopoly investigation in the fashion sector, as the French group recognized this Wednesday.
In a short statement, he explained that the inspection was carried out on Tuesday and is part of it “preliminary investigation of the fashion industry in various countries under the antitrust rules of the European Union (EU)”. “The group is fully cooperating with the Commission in the context of this investigation,” he added.
Brussels suspects several companies in the fashion industry may have breached Community competition rules prohibiting price fixing or cartels and other “restrictive” business practices, the EC announced on Tuesday.
European Commission, whose officials were accompanied during inspections carried out at Gucci by the competent authorities of the Member States, in any case stated that these inspections are not related to those already carried out in June 2021 and May 2022 in the same sector.
Kering, directed by the French magnate François-Henri Pinault, is one of the flagships of fashion and the global luxury market. by controlling famous brands like GucciYves Saint-Laurent, Alexander McQueen, Bottega Veneta or Balenciaga.
Source: La Vozde Galicia
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
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