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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

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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.

Milan

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...

sentifi.com

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