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.
Acne is reportedly up for sale and Carven on the look out for new investors. Add to this the recent announcement of Piquadro's potential acquisition of Lancel, and the fashion and luxury sector looks set for a shake-up.
The German fashion house expects sales growth to accelerate in 2018 thanks to a shift to add more sportswear and casual styles but is more cautious on profit as it keeps up investment in revamping stores and its website.
From Jean Paul Gaultier to Elie Saab, designers attended the Elysee Palace for dinner on Monday, as Macron sought to further boost one of the country's most profitable sectors with an appeal to brands from far and wide.