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HomeWorldEU antitrust regulators, Italian tax police investigating Gucci Milan facility

EU antitrust regulators, Italian tax police investigating Gucci Milan facility

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The European Union (EU) antitrust regulators and Italian tax police inspected a facility of luxury goods company Gucci as part of a EU investigation spanning several countries and companies, two sources with knowledge of the matter said on Wednesday.

The inspection on Tuesday was carried out by the Guardia di Finanza in cooperation with European Commission agents at a site in Milan connected with the manufacture of travel items, handbags, and other leather goods, one of the sources said.

Gucci is part of the French luxury goods group Kering.

Gucci and Kering declined to comment.

The second source said other fashion companies outside the Kering group had been targeted by similar inspections.

The European Commission said on Tuesday that antitrust regulators had raided companies in the fashion sector in several EU countries.

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In line with its policy, the Commission, which acts as the competition enforcer in the 27-country EU, did not name the companies or the countries. It also sent requests for information to companies active in the same sector.

The European Commission declined to comment on Wednesday.

Companies found guilty of breaching EU rules face fines of as much as 10 percent of their global turnover.

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 that 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.

A second investigation, disclosed in June 2022 following raids on some fashion companies the previous month, focused on a group of designers who had called for changes in sales periods and discounts, according to people familiar with the matter.

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