Kering said it is in talks with Italian tax authorities regarding a tax probe focused on its Alexander McQueen brand.
“The company and the Kering group are confident about the correctness of their operating mode and are pursuing these discussions in a spirit of constructive dialogue,” it added.
Reuters quoted unnamed sources as saying that prosecutors in Florence have opened an investigation for omitted tax declarations after Italy’s financial police alleged that Alexander McQueen failed to declare between 60 million euros and 70 million euros in taxable income between 2016 and 2022.
Among the international companies that have settled with the Italian Revenue Agency, in 2016, Apple paid a sum of 318 million euros and the following year, Google paid a total of 306 million euros to regularize its fiscal position in the country. Other fashion companies that have settled with the Italian tax authorities over the years range from Prada to Bulgari.
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