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French luxury goods group Kering has agreed to pay €1.25bn (£1.08bn) to Italian tax authorities to settle a dispute concerning its fashion brand Gucci.
Heads of French luxury fashion groups LVMH and Kering have both pledged to help finance the reconstruction of Notre-Dame Cathedral, which was ravaged by fire last night in Paris.
Unlocking communication has been the key for the current global mindset shift around sustainability, Kering director of sustainability Michael Beutler argued at today’s Drapers Sustainable Fashion Forum.
Revenues at grew 26.3% year on year to €13.7bn (£12bn) at luxury brand group Kering in its full-year results for 2018, thanks to a strong performance from Gucci.
Luxury group Kering is adopting the mantle of sustainability, and has ambitions to transform its own business at every level – and change the entire industry in the process.