Luxury group Kering has confirmed that it is in a new “constructive dialogue” with the tax authorities in Italy.

In 2019 and 2022, disputes with Italian authorities led to Kering paying €1.25 billion and €187 million to settle the tax affairs of Gucci and Bottega Veneta, respectively.

This time, the dispute is over the tax affairs of its Alexander McQueen brand. Reuters has reported that prosecutors have opened an investigation into the brand’s tax affairs for the years 2016 to 2022.

It said it had received confirmation from Kering that discussions were under way, with the luxury group insisting that it was confident it had acted correctly.

Share this story: