Kering Settles Bottega Veneta Tax Dispute

Kering is settling a tax case related to Bottega Veneta by paying 186.7 million euros to the Italian Revenue Agency.

relates to additional taxes and interest the prosecutor claims is owed to the Italian government.

“In the spring of 2019, given the rapid changes in its business environment, its strong international growth and some uncertainties of Italian legislation,proactively made contact with the Italian Revenue Agency to discuss its tax position,” Kering said Friday in a statement. “This agreement is the result of those discussions.

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