MILAN — Italian eyewear giant Luxottica on Thursday confirmed a tax audit over some of its accounting practices, but insisted it follows universally accepted practices.
The audit concerns alleged irregularities in the use of a practice called transfer pricing, which is understood to be the price at which divisions of a company transact with each other. Transactions may include the trade of supplies or labor between departments.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)