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European Commission Fines Gucci, Chloé, Loewe Over €157M

10/15/2025

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Summary

Story summary

The European Commission fined Gucci, Chloé, and Loewe a total of more than €157 million for anti-competitive practices that restricted retailers' pricing freedom.
The fines break down as €119.7 million for Gucci, €19.7 million for Chloé, and €18 million for Loewe, following a 2023 investigation.
Kering, Gucci's parent company, said the financial impact was accounted for in its 2025 results.
Loewe reaffirmed its commitment to competition laws.

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Story summary

The European Commission fined Gucci, Chloé, and Loewe a total of more than €157 million for anti-competitive practices that restricted retailers' pricing freedom.
The fines break down as €119.7 million for Gucci, €19.7 million for Chloé, and €18 million for Loewe, following a 2023 investigation.
Kering, Gucci's parent company, said the financial impact was accounted for in its 2025 results.
Loewe reaffirmed its commitment to competition laws.