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4 Dec 10:04am

Gucci confirms its offices were raided over suspected tax evasion

The Guardian
Fashion house follows Prada and Dolce & Gabbana in facing investigation as tax authorities seek to recover more than €1bn The Italian fashion house Gucci has confirmed that its offices in Milan and Florence were raided last week over suspected tax evasion. The company, which is owned by the French luxury group Kering, was forced to issue a statement after the Italian newspaper La Stampa reported on Saturday that police had spent three days searching the offices, including its new Milan headquarters, for evidence amid suspicions that levies on profits made from sales in Italy were instead declared in the more favourable tax regime of Switzerland.
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