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Italy launches probe into Gucci for alleged tax evasion

Officials are looking at up to 1.3b euros in taxes and why the firm declared its profits in Switzerland

Gucci is the latest in a long line of Italian fashion brands - such as Giorgio Armani, Prada, Bulgari and Dolce & Gabbana - that have been investigated by the Italian prosecutor's office.


GUCCI, Italy's greatest fashion success story and a brand whose renaissance has become a model the whole industry wants to emulate, is being investigated as perhaps among the country's biggest tax evaders.

The Italian tax police searched the Gucci Hub, the 377,000-square-foot...