Gucci parent company Kering is accused of tax evasion in France. Image credit: Gucci
Luxury Daily’s live news for Dec. 17:
Kering swept up in tax probe by French financial prosecutor’s office
Luxury conglomerate Kering, owner of Gucci, Balenciaga and Yves Saint Lauren, has confirmed it has been the subject of a tax fraud investigation by the French financial public prosecutor’s office since February 2019.
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Jaguar Land Rover invests in Circulor to trace sustainable supply chain
British automotive company Jaguar Land Rover’s venture capital and mobility services arm InMotion is investing in blockchain technology from information technology firm Circulor.
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Mercedes-Benz takes another step toward electrification
German automaker Mercedes-Benz is taking a concrete step toward sustainability with the announcement of six new electric vehicles to be launched by 2022.
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Waldorf Astoria opens new hotel in Xiamen
Hilton’s Waldorf Astoria is opening a new hotel in Xiamen, its fourth hotel in Greater China as it continues to invest in the region.
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Elie Saab joins Amazon’s Luxury Stores
Lebanese fashion label Elie Saab is the latest brand to join ecommerce giant Amazon’s Luxury Stores.
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Luxury Daily debuts new conference focused on luxury real estate
Register now for free for Luxury Daily's State of Luxury Real Estate 2021 (SOLRE) eConference Thursday, Jan. 14. The daylong event will focus on how affluent consumers are shaping the real estate market as they flee cities for more space and social distance, enabled by remote working and schooling.
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China’s luxury market remains resilient, domestic spending expected to grow
Thriving despite the effects of the COVID-19 pandemic, the global luxury market in China has nearly doubled this year and is expected to continue growing through 2025.
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