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.
Israel’s top military legal officer Yifat Tomer-Yerushalmi, who resigned last week, has been arrested over the leak of a video showing soldiers brut...
Venezuelan President Nicolas Maduro has called on citizens to stand united as the United States increases its military presence in the Caribbean, accu...
AnewZ marks its first year — a short span in time, yet a period defined by meaningful progress, steady purpose, and a growing voice in global journa...
Chancellor Friedrich Merz said on Monday that Germany plans to deport Syrian citizens with criminal records and has invited Syrian President Ahmed al-...
Pakistan’s military has dismissed claims that it holds an agreement with the United States permitting attacks on Afghanistan from its territory....
Israel’s top military legal officer Yifat Tomer-Yerushalmi, who resigned last week, has been arrested over the leak of a video showing soldiers brutally assaulting a Palestinian detainee at the Sde Teiman military prison.
AnewZ marks its first year — a short span in time, yet a period defined by meaningful progress, steady purpose, and a growing voice in global journalism.
Pakistan’s military has dismissed claims that it holds an agreement with the United States permitting attacks on Afghanistan from its territory.
Since 8 August, Armenia and Azerbaijan have been making targeted efforts to consolidate progress and deepen dialogue, Armenian National Security Council Secretary Armen Grigoryan said at a conference in Brussels.
Russia said on Monday that its troops had advanced in the eastern Ukrainian city of Pokrovsk, a transport and logistics hub that they have been trying to capture for over a year, but Ukraine said its forces were holding on.
At least 37 people have died and five are missing after devastating floods and landslides hit central Vietnam, officials said Monday, as a new typhoon threatens to worsen the disaster.
Russia has launched its new nuclear-powered submarine, the Khabarovsk, at the Sevmash shipyard in Severodvinsk, the Defence Ministry said Saturday.
U.S. President Donald Trump said he does not believe the United States is going to war with Venezuela despite growing tensions, though he suggested President Nicolás Maduro’s time in power may be nearing its end.
On October 21, 2025, an Azerbaijani Airlines (AZAL) Gulfstream G650, call sign 4K-ASG, touched down at Yerevan’s Zvartnots Airport. It was a historic event, commented many.
Venezuelan President Nicolas Maduro has called on citizens to stand united as the United States increases its military presence in the Caribbean, accusing Western media of waging a psychological war against his country.
Chancellor Friedrich Merz said on Monday that Germany plans to deport Syrian citizens with criminal records and has invited Syrian President Ahmed al-Sharaa to Berlin for talks on the issue.
Pakistan’s military has dismissed claims that it holds an agreement with the United States permitting attacks on Afghanistan from its territory.
China has announced it will extend its visa-free policy for a further year, with Swedish citizens now included in the scheme.
Russian Prime Minister Mikhail Mishustin has said that cooperation between Moscow and Beijing is deepening despite turbulence in global politics and the world economy.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment