Kering SA (PRTP.PA)
23 Mar 2018
ZURICH/MILAN, March 21 The Swiss attorney general's office (OAG) has opened a criminal investigation in a tax case involving a former manager of luxury goods maker Kering after a request for help from Italian authorities.
* Shares rise 3 pct (Updates with shares, comments on digital progress, strategy)
ZURICH, March 21 The Swiss attorney general's office (OAG) has opened its own criminal probe in a tax case involving luxury goods maker Kering's Gucci unit after fielding a request for help from Italian authorities, the agency said on Wednesday.
* Currency-adjusted sales to rise by 10 pct a year up to 2022
PARIS French luxury goods group Kering has complied with its tax obligations in Switzerland, it said on Friday, responding to newspaper reports alleging that the company used a Swiss-based scheme to evade taxes on earnings from brands such as Gucci and Yves Saint Laurent.
HONG KONG, March 12 Shares in Prada jumped 13 percent after the Italian luxury goods maker said it would return to growth this year having stemmed a sales slide in the second half of 2017.
METZINGEN, Germany German fashion house Hugo Boss expects heavy investment on integrating its websites and stores to keep a lid on profit growth in 2018 even as a shift to add more casual styles helps sales to accelerate.
* Shares down 4.4 percent (Adds comments from news conference)
PARIS Nowhere is fashion a bigger business than in France - and President Emmanuel Macron intends to keep it that way.
PARIS, March 5 Nowhere is fashion a bigger business than in France - and President Emmanuel Macron intends to keep it that way.