Gucci, Chloe and Loewe have been fined a total of 157 million euros ($182 million) by the European Union's antitrust watchdog for fixing the resale prices of their retail partners.
Kering PRTP.PA owned Gucci was fined 119.7 million euros, Chloé 19.7 million euros and Loewe 18 million euros, highlighting growing regulatory scrutiny of luxury groups.
"The three fashion companies interfered with their retailers' commercial strategies by imposing restrictions on them, such as requiring them to not deviate from recommended retail prices; maximum discounts rates; and specific periods for sales," the European Commission said in a statement on Tuesday.
Kering said the EU probe was resolved following a cooperation procedure with Gucci and the financial hit was provisioned in the group's 2025 first-half results.
LVMH's Loewe also confirmed the deal with the EU and pledged to operate "in strict compliance with antitrust laws". LVMH LVMH.PA is due to report third-quarter sales later.
Richemont CFR.S, which owns Chloe, did not immediately reply to a request for comment on the EU fine.
The practices deprived retailers of pricing independence and reduced competition while protecting the brands' own sales channels from retailer competition, the Commission said.
Brands including Armani, Dior, Loro Piana and recently Tod's have also come under pressure from Italian authorities about alleged worker abuse in their supply chains.
Meanwhile, recent breaches of protected client data at some companies have added to regulatory problems facing the sector.
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Four people were killed, including a child, in Ukrainian strikes on the Russian port city of Novorossiysk overnight, according to the governor of the Krasnodar region. Ukraine's drone forces commander, Robert Brovdi, said Russian military ships were destroyed in the attacks.
A TV channel was struck during a live broadcast on Tuesday, Ukrainian President Volodymyr Zelenskyy said, as Russian strikes on Kyiv killed at least three people, the city's Mayor Vitali Klitschko said. Meanwhile, drones hit civilian infrastructure in Russia's southwestern Saratov region.
Wildfires have broken out in Türkiye’s Antalya province, forcing hundreds of people to evacuate as strong winds fuelled the flames.
U.S. Central Command (CENTCOM) said its forces destroyed five Iranian crude oil carriers after the Islamic Revolutionary Guard Corps (IRGC) allegedly launched two ballistic missile attacks against a U.S. Navy warship over the past two days.
Iran’s Revolutionary Guards (IRGC) said on Wednesday they attacked two U.S. vessels and eight oil tankers in the Persian Gulf, calling the strikes a response to a U.S. attack on five Iranian tankers.
Ukrainian forces struck a Russian oil refinery in Siberia and a seaport in Dagestan in the past 24 hours, President Volodymyr Zelenskyy said. He will meet Canadian Prime Minister Mark Carney on Thursday to discuss air defences for Ukraine over winter.
Oil has crossed the $100-a-barrel mark again, but for Gulf countries this is not simply good news. Brent reached about $100.07 on Wednesday, its highest level since July, as the U.S.-Iran war and attacks on Saudi energy facilities raised fresh fears about supplies.
Start your day informed with the AnewZ Daily Brief. Here are the top stories for the 10th of September, covering the latest developments about AI and technology.
U.S. President Donald Trump has pledged to send every American adult a $5,000 payment if the Republicans keep control of the House of Representatives and the Senate in November's midterm elections.
At least five people have died and more than 80 others remain unaccounted for after a passenger ferry caught fire off the western Philippines, prompting a major search-and-rescue operation involving the coast guard, government agencies and local fishing communities.
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