Kering
Shares in the conglomerate dropped eight percent Wednesday morning.
Avoiding an estimated €2.5billion EUR in taxes between 2010 and 2017.
Less surprisingly, LVMH, Kering and Estée Lauder are the industry’s biggest earners.
Forming the “Mylo Consortium” and investing a seven-figure sum.
The German sportswear brand’s shares tumbled in response.
The Pyer Moss founder and Francois-Henri Pinault created a conscious lifestyle imprint.
Gucci’s revenue took the biggest hit.
Unsurprisingly, high turnover is purely a result of the bottom line.
Major points to Gryffindor.
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