European Union antitrust regulators have started inspecting a facility of luxury goods company Gucci as part of an EU investigation spanning several countries, Gucci's French owner Kering said on Wednesday confirming a Reuters report.
said in a statement.
Reuters had previously reported that Italian tax police and European Commission agents on Tuesday inspected a Gucci site in Milan connected with the manufacture of travel items, handbags and other leather goods, according to two sources with knowledge of the matter.One of the sources said other fashion companies outside the Kering group had been targeted by similar inspections.that antitrust regulators had raided companies in the fashion sector in several EU countries.
The Commission, which acts as the competition enforcer in the 27-country EU, did not name the companies or the countries, in line with its policy. It also sent requests for information to companies active in the same sector.The Commission said on Tuesday that the latest action was not related to other raids on the fashion industry in the past two years.
EU antitrust regulators said in January 2022 they were probing whether French fashion house Pierre Cardin's licensing and distribution deals with German clothing maker Ahlers might breach European Union rules on online and cross-border sales., disclosed in June 2022 following raids on some fashion companies the previous month, centred on a group of designers who had called for changes in sales periods and discounts, according to people familiar with the matter.
Additional reporting by Elisa Anzolin in Milan and Mimosa Spencer in Paris Writing by Keith Weir Editing by Catherine Evans
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European VC deal value falls sharply in Q1, PitchBook saysThe value and number of first-quarter venture capital deals declined in Europe on the back of inflation and higher interest rates, PitchBook said.
Read more »
European shares hold near 14-month top, sterling strengthensEuropean stocks held near a 14-month high on Tuesday, following better-than-expected Chinese economic data, while Sterling rose after wage growth numbers also exceeded forecasts and supported expectations for a further Bank of England rate rise.
Read more »
European Parliament backs reform of EU carbon marketThe European Parliament voted on Tuesday to approve sweeping reforms to the European Union's carbon market, which are expected to hike the cost of polluting in Europe in the coming years and cut CO2 emissions faster.
Read more »
Sloth steals the show during European rocket launch to JupiterMany viewers of the launch from French Guinea online found themselves distracted by something much more terrestrial than the sights soon to be seen via JUICE.
Read more »
Sloth steals the show during European rocket launch to JupiterMany viewers of the launch online found themselves distracted by a sloth who was caught staring into the European Space Agency cameras capturing the event.
Read more »
Zeekr electric cars confirmed for European launch in autumn 2023Geely start-up ZEEKRGlobal might be only two years old, but it's just confirmed its arrival in Europe later this year. Get the full lowdown on the 001 shooting brake and X urban crossover in our handy guide ⚡️
Read more »