Karlie Kloss and Joshua Kushner Announce Plan to Revive Life Magazine
The announcement comes more than 20 years after Life, which was initially founded in New York City in 1883, stopped its regular publications.
The sportswear retailer has agreed on 73 percent of a query over value added tax of €674 million.
The country's Finance Minister Bruno Le Maire says France is ready to go to the World Trade Organisation to challenge the US President's luxury goods tariffs.
The additional tariff of 25 percent on Chinese goods may add $7 billion in additional costs for US customers every year, the The Footwear Distributors & Retailers of America says.
"The hike will also cost the average American family of four $767, according to a report by the Trade Partnership."
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The settlement with the Italian revenue agency relating to Gucci and Swiss subsidiary Luxury Goods International SA requires the French group to pay €897 million in additional taxes, along with further payment for penalties and interest, for a total of €1.25 billion.
The settlement with the Italian revenue agency relating to Gucci and Swiss subsidiary Luxury Goods International SA requires the French group to pay €897 million in additional taxes, along with further payment for penalties and interest, for a total of €1.25 billion.
This would be the biggest tax settlement ever agreed by a company with the Italian tax authorities.
Both LVMH and Kering stand to benefit from their donations to save Notre-Dame, though a political backdrop of populism has raised the risk of a backlash.
The outpouring of donations following the fire on Monday has prompted questions from charities, politicians and commentators about benefits from tax deductions.
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Luxury brands lowered product prices in China as a cut in the country's VAT rate came into effect on April 1.
The French luxury giant is facing a possible €1.4 billion tax bill in Italy after accounting practices linked to a Swiss subsidiary attracted scrutiny.
Some business carried out by Kering employees in locations including Milan and Paris was billed through a Swiss unit, incurring lower tax rates, according to reports.
The probe will weigh tax rulings that calculated Nike's royalty payments for intellectual property use in the EMEA region.
The announcement comes more than 20 years after Life, which was initially founded in New York City in 1883, stopped its regular publications.
A deadline to submit initial offers passed on Thursday, with a final deal expected to close mid-April.
Shoppers “get bored very quickly,” Régis Schultz, JD Sports’ CEO, said.
British sportswear retailer JD Sports said trading conditions remained challenging after its like-for-like sales dropped in January, resulting in fourth-quarter growth of just 0.1 percent.
Luxury watchmaker Favre Leuba plans to unveil more than two dozen timepieces later this year, priced as much as 24,000 Swiss francs ($26,489), as part of a brand relaunch that seeks to expand the Swiss pioneer’s appeal beyond its majority Indian consumer base.
L Catterton, backed by French luxury group LVMH Moet Hennessy Louis Vuitton SE, is launching a new vehicle to invest in Indian consumer-sector companies as it increases the focus on the fastest-growing major economy in the world.
The online market for secondhand apparel hit $20 billion in the US in 2023 and is expected to more than double over the next five years, according to a new report from ThredUp and Global Data.
The Swedish retailer recorded operating profit of 2.08 billion Swedish krona ($196 million), with operating margin more than doubling from the year before.