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The raid on the Gucci fashion house. The EC suspects collusion

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An antitrust investigation is underway at the European Commission, involving companies in the fashion industry in several European Union Member States. Unannounced inspections were carried out as part of the investigation. On Tuesday, officials from the European Commission and the Italian Financial Guard entered the Milan offices of the Gucci fashion house.

We are fully cooperating with the European Commission on this investigation,” Kering, the owner of Gucci, said in a statement. The inspection affected the company’s departments that produce travel bags, handbags and other leather accessories, according to Reuters.

Violation of competition regulations

The European Commission’s communication on Tuesday did not name the fashion companies suspected of breaching competition regulations. For breaking EU antitrust law, companies can be fined up to 10% of their turnover. their global turnover.

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Read also: They broke into the company of the richest man in the world. “You’re looking for money, take it from the pockets of billionaires”

Main photo source: Shutterstock

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