The sportswear retailer has agreed on 73 percent of a query over value added tax of €674 million.
The sportswear retailer has agreed on 73 percent of a query over value added tax of €674 million.
The country's Finance Minister Bruno Le Maire says France is ready to go to the World Trade Organisation to challenge the US President's luxury goods tariffs.
The country's Finance Minister Bruno Le Maire says France is ready to go to the World Trade Organisation to challenge the US President's luxury goods tariffs.
The additional tariff of 25 percent on Chinese goods may add $7 billion in additional costs for US customers every year, the The Footwear Distributors & Retailers of America says.
The additional tariff of 25 percent on Chinese goods may add $7 billion in additional costs for US customers every year, the The Footwear Distributors & Retailers of America says.
"The hike will also cost the average American family of four $767, according to a report by the Trade Partnership."
"The hike will also cost the average American family of four $767, according to a report by the Trade Partnership."
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The settlement with the Italian revenue agency relating to Gucci and Swiss subsidiary Luxury Goods International SA requires the French group to pay €897 million in additional taxes, along with further payment for penalties and interest, for a total of €1.25 billion.
The settlement with the Italian revenue agency relating to Gucci and Swiss subsidiary Luxury Goods International SA requires the French group to pay €897 million in additional taxes, along with further payment for penalties and interest, for a total of €1.25 billion.
This would be the biggest tax settlement ever agreed by a company with the Italian tax authorities.
This would be the biggest tax settlement ever agreed by a company with the Italian tax authorities.
Both LVMH and Kering stand to benefit from their donations to save Notre-Dame, though a political backdrop of populism has raised the risk of a backlash.
Both LVMH and Kering stand to benefit from their donations to save Notre-Dame, though a political backdrop of populism has raised the risk of a backlash.
The outpouring of donations following the fire on Monday has prompted questions from charities, politicians and commentators about benefits from tax deductions.
The outpouring of donations following the fire on Monday has prompted questions from charities, politicians and commentators about benefits from tax deductions.
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Luxury brands lowered product prices in China as a cut in the country's VAT rate came into effect on April 1.
Luxury brands lowered product prices in China as a cut in the country's VAT rate came into effect on April 1.
The French luxury giant is facing a possible €1.4 billion tax bill in Italy after accounting practices linked to a Swiss subsidiary attracted scrutiny.
The French luxury giant is facing a possible €1.4 billion tax bill in Italy after accounting practices linked to a Swiss subsidiary attracted scrutiny.
Some business carried out by Kering employees in locations including Milan and Paris was billed through a Swiss unit, incurring lower tax rates, according to reports.
Some business carried out by Kering employees in locations including Milan and Paris was billed through a Swiss unit, incurring lower tax rates, according to reports.
The probe will weigh tax rulings that calculated Nike's royalty payments for intellectual property use in the EMEA region.
The probe will weigh tax rulings that calculated Nike's royalty payments for intellectual property use in the EMEA region.
The underwear company is anticipating net sales of at least $6.85 billion in the current fiscal year, exceeding analyst estimates and marking the highest revenue since its split from L Brands Inc in 2021.
The Japanese brand is accelerating its expansion in India to capture a greater share of the rapidly growing apparel market and affluent consumer base.
Activist fund Oasis Management Co. is calling on the Japanese personal care company to convene an extraordinary general meeting, seeking a probe into its supply-chain risk management and internal control.
The retailer surpassed annual sales forecasts but expects a $60 million drag from import tariffs in the first half of 2026.
The transaction gives FSI, a Milan-based private equity fund, a controlling share in the Italian luxury house, as more founder-owned brands turn to investors to fund growth and weather a tough global market.
Spend growth at off-price chains is among the strongest in retail, with gains across all income segments.
The retailer said it was accounting for the 15 percent tariff announced by US president Donald Trump after the Supreme Court struck down most of his earlier tariffs.
Melissa Sperau, formerly of Shiseido, will join the US prestige cosmetics maker effective March 6.