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Kering refutes allegations over taxes

The French luxury conglomerate said the inquiry by the French National Financial Public Prosecutor’s Office appears to be linked to legal proceedings initiated in November 2017 involving LGI, the Group’s Swiss subsidiary.


Brazilian justice blocks JBS owners funds

Brazil’s Parliamentary Commission of Inquiry (CPI) on Irregularities Tax and Fiscal Affairs Justice announced on October 5 that it has ordered J&F Investimentos, owner of JBS, to block almost R$116 million (US$52.6 million) in order to guarantee resources for a possible reimbursement to the Brazilian state of Mato Grosso do Sul.