Tax conciliation between Kering and the italian revenue agency: a future benchmark?

The decision of Kering group, world leader in the Haute Couture industry, at the head of companies like Gucci, YSL and Balenciaga, to accept a fiscal conciliation with the Revenue Agency for a record amount of 1.25 billion euros caused a sensation in the Fashion industry. It follows the opening of the dossier accusing the group of tax evasion for over 14 billions.

In this WWD article we go through the analysis of this resounding transaction by our Giovanna Brambilla and other authoritative sector commentators.

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