Alexandre Arnault Joins Nike’s Board of Directors
The LVMH executive joins Nike’s board as the sportswear giant prepares to be removed from the S&P 100 index after nearly two decades.
tax
Financial Markets
Report: Italian Financial Police Visit Gucci Offices in Tax Probe
Milan prosecutors suspected the Kering-owned brand may have paid taxes on profits generated by sales in Italy in another country with a more favourable tax regime, according to a source.
Report: Italian Financial Police Visit Gucci Offices in Tax Probe
Milan prosecutors suspected the Kering-owned brand may have paid taxes on profits generated by sales in Italy in another country with a more favourable tax regime, according to a source.
China
Cuts to China’s Import Tariffs to Buoy Fashion and Cosmetics
Import taxes on almost 200 consumer goods categories, including fashion and cosmetics, are to be slashed in a bid to encourage more domestic spending.
Cuts to China’s Import Tariffs to Buoy Fashion and Cosmetics
Import taxes on almost 200 consumer goods categories, including fashion and cosmetics, are to be slashed in a bid to encourage more domestic spending.
Financial Markets
Nike Knocked by Unions for Company's Tax Avoidance Strategies
Following Nike's appearance in the 'Paradise Papers' earlier this month, the sports giant is now facing a push by organised labour to stop the practice.
Nike Knocked by Unions for Company's Tax Avoidance Strategies
Following Nike's appearance in the 'Paradise Papers' earlier this month, the sports giant is now facing a push by organised labour to stop the practice.
Financial Markets
Prada Signs Italian Tax Cooperation Agreement
The scheme involves an exchange of information between the Italian fashion house and authorities to avoid disputes and help the business to avoid unexpected tax demands.
Prada Signs Italian Tax Cooperation Agreement
The scheme involves an exchange of information between the Italian fashion house and authorities to avoid disputes and help the business to avoid unexpected tax demands.
Financial Markets
Bernard Arnault Responds to 'Paradise Papers'
Assets referred to by Le Monde newspaper in the 'Paradise Papers' leaks were known to tax authorities, said the LVMH chief executive in a statement.
Bernard Arnault Responds to 'Paradise Papers'
Assets referred to by Le Monde newspaper in the 'Paradise Papers' leaks were known to tax authorities, said the LVMH chief executive in a statement.
Retail
US Retailers Boost Lobbying Spend Amid Border-Tax Battle
Target, Best Buy and Gap almost quadrupled their combined spending on lobbying in Washington as they work to defeat a corporate-tax proposal that some have said threatens their industry.
US Retailers Boost Lobbying Spend Amid Border-Tax Battle
Target, Best Buy and Gap almost quadrupled their combined spending on lobbying in Washington as they work to defeat a corporate-tax proposal that some have said threatens their industry.
Financial Markets
Why Vetements is Moving to Zürich
The cult fashion collective is leaving Paris for a ‘clean slate’ — and a favourable tax regime — in Switzerland’s largest city.
Why Vetements is Moving to Zürich
The cult fashion collective is leaving Paris for a ‘clean slate’ — and a favourable tax regime — in Switzerland’s largest city.
Financial Markets
A Swinging Birkin Bag Can Swat Away US Border Tax Plan
The mooted US Border Adjustment Tax would penalise companies that manufacture overseas and is intended to promote American jobs.
A Swinging Birkin Bag Can Swat Away US Border Tax Plan
The mooted US Border Adjustment Tax would penalise companies that manufacture overseas and is intended to promote American jobs.
Financial Markets
Trump Tells Retail Executives Tax Overhaul Plan Is Coming Soon
The proposed overhaul of the corporate tax code would reward companies that sell products outside the US while punishing ones that rely on low-cost overseas suppliers.
Trump Tells Retail Executives Tax Overhaul Plan Is Coming Soon
The proposed overhaul of the corporate tax code would reward companies that sell products outside the US while punishing ones that rely on low-cost overseas suppliers.
Financial Markets
Report: Retail CEOs Head to Washington to Try to Kill US Border Tax
Their input has more urgency as US President Donald Trump is finalising his own tax plan that he plans to unveil in the coming weeks.
Report: Retail CEOs Head to Washington to Try to Kill US Border Tax
Their input has more urgency as US President Donald Trump is finalising his own tax plan that he plans to unveil in the coming weeks.
Financial Markets
The Real Dangers of Border Adjusted Tax for Fashion
The proposed reforms could cripple any American fashion brand reliant upon importing goods and services from abroad.
The Real Dangers of Border Adjusted Tax for Fashion
The proposed reforms could cripple any American fashion brand reliant upon importing goods and services from abroad.
Financial Markets
Italian Fashion Industry Hopes to Avert Additional US Tax
Carlo Capasa said that Italian luxury imports to the United States are currently taxed at an average rate of 20 percent.
Italian Fashion Industry Hopes to Avert Additional US Tax
Carlo Capasa said that Italian luxury imports to the United States are currently taxed at an average rate of 20 percent.
The News in Brief
Matthieu Blazy, Sarah Burton, Haider Ackermann Among Nominees for BFC Designer of the Year
The Fashion Awards ceremony, set for Nov. 30, will also recognise the BFC’s second Vanguard award recipient, recognising emerging British design talent.
Supergoop Announces Chief Commercial Officer
The sunscreen label has appointed former Coty executive Jamie Parker to the newly created role as it gears up to become a “global skin health company.”
Mytheresa Owner’s Sales Rise as Ultra Wealthy Keep Shopping
LuxExperience posted a rise in sales as the luxury multibrand platform’s strategy of catering to the ultra wealthy helped it navigate a difficult environment for high-end fashion.
The Independents Acquires Production Studio Smuggler
The global collective has brought film studio Smuggler under its umbrella to bolster its entertainment capabilities.
L’Oréal Steals French Stock Market Crown From LVMH
The cosmetics group became France’s most valuable listed company on Tuesday, the first time since 2017 that a non-luxury company has claimed the top spot at the end of a trading day.
Authentic Brands Targets Creator Economy, Eyes Public Offering
The licensor could pursue an IPO as early as the first half of next year.
Vogue Mexico and Latin America Editor-in-Chief Karla Martinez de Salas to Step Down
The industry veteran is joining Latino-focused media platform Avance Global to establish a new lifestyle brand that will span fashion, design, travel, food, culture and entertainment.