On Wednesday, Italian tax authorities investigated Gucci’s Milan headquarters as part of a European Union inquiry investigating suspected business practice infractions.
According to the source, the Guardia di Finanza and European Commission agents inspected a location in the Italian financial capital that makes travel goods, purses, and leather goods on Tuesday.
Kering owns Gucci. Kering and Gucci declined to comment.
On Tuesday, the European Commission said antitrust authorities searched fashion companies in six EU countries.
The EU’s competition enforcer, the Commission, did not name companies or countries. It also requested information from similar firms.
Wednesday’s European Commission silence.
EU rulebreakers can be fined 10% of their global revenue.
On Tuesday, the Commission denied any connection to previous fashion sector raids.
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