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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UK, US working to reach trade deal on whisky, other luxury goods
The United Kingdom and the United States are locked in negotiations to reduce trade tariffs on goods including whisky and textiles.
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Moët Hennessy unveils new partnership with WhistlePig
French luxury conglomerate LVMH has revealed that its Moët Hennessy wine and spirits division has forged a new partnership with WhistlePig, the U.S. rye whiskey distillery.
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McLaren reunites with Period Correct for clothing collection
British automaker McLaren Automotive is again joining forces with U.S. streetwear brand Period Correct to produce its second joint capsule collection.
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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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