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.
Planned U.S.-Iran talks in Switzerland on Friday will no longer take place after Vice President JD Vance withdrew from a scheduled trip to meet Irania...
Nearly 300 students and staff were evacuated after a fire broke out at an elementary school in northern Tokyo on Friday morning, leaving 10 people wit...
The United Arab Emirates has set a minimum age of 15 for social media use, becoming the first Arab country to introduce such a restriction as governme...
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 19 June, covering the latest developments you need to know....
Islamic Society of Milwaukee President Salah Sarsour, a Palestinian American detained by U.S. Immigration and Customs Enforcement in March, was rel...
Planned U.S.-Iran talks in Switzerland on Friday will no longer take place after Vice President JD Vance withdrew from a scheduled trip to meet Iranian negotiators, Swiss authorities said.
The United Arab Emirates has set a minimum age of 15 for social media use, becoming the first Arab country to introduce such a restriction as governments worldwide seek to address growing concerns over the impact of online platforms on children.
Labour mayor Andy Burnham cleared a path to ousting British Prime Minister Keir Starmer after winning a parliamentary seat in northern England on Friday in what could be most consequential local election in more than six decades.
World Cup action delivered impressive wins and late drama on 18-19 June. Mexico booked their place in the knockout stage as Group A winners, while Jonathan David's hat-trick inspired Canada to a 6-0 thrashing of Qatar.
Donald Trump has said the U.S. will resume bombing Iran if Tehran doesn't "behave," at the sidelines of the G7 summit in France. Earlier, the U.S. President criticised Israel for its tactics against Hezbollah, saying it was unnecessary to bomb entire apartment buildings to tackle militants.
U.S. President Donald Trump sought a deal with Iran "out of deperation," Iranian Supreme Leader Mojtaba Khamenei has said, in a statement on social media. Khamenei added that he himself "held a different view," to Trump, but allowed the agreement after receiving assurances from Iran's President.
Britain has announced an additional £8 million ($11 million) to help Pakistan combat illegal migration, human trafficking and organised crime, while praising Islamabad's role in diplomacy that helped secure the recent U.S.-Iran agreement.
Caleb Yirenkyi’s stoppage-time goal secured a 1-0 win for Ghana over Panama as World Cup action delivered a mix of late drama and key results. Colombia and England also began their campaigns with victories, while DR Congo held Portugal in a historic 1-1 draw and Austria beat Jordan 3-1.
The European Commission has announced €493 million in emergency support for the Ebola response, including funding for vaccines, treatment and health security measures.
Nearly 300 students and staff were evacuated after a fire broke out at an elementary school in northern Tokyo on Friday morning, leaving 10 people with minor injuries, according to Japanese media.
The United Arab Emirates has set a minimum age of 15 for social media use, becoming the first Arab country to introduce such a restriction as governments worldwide seek to address growing concerns over the impact of online platforms on children.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 19 June, covering the latest developments you need to know.
Islamic Society of Milwaukee President Salah Sarsour, a Palestinian American detained by U.S. Immigration and Customs Enforcement in March, was released from detention on Thursday after an order by a federal judge.
Labour mayor Andy Burnham cleared a path to ousting British Prime Minister Keir Starmer after winning a parliamentary seat in northern England on Friday in what could be most consequential local election in more than six decades.
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