Chanel Purchases Paris Montaigne Avenue Shops Suspected Of Tax Avoidance

< p > > the world's < a target= "_blank" href= "//www.sjfzxm.com/" > clothing < /a > a target= "_blank" href= "_blank" > shoes < < hat net "Xiaobian introduced to you is Chanel 140 million euros acquisition of Paris Montaigne Avenue shops suspected of tax avoidance.

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< p > according to MFFashion news, the Wertheimer family of Chanel Chanel owner has purchased nearly 600 square meters of shops on the two floor of Paris Avenue Montaigne Montaigne Boulevard No. 51, with close to 140 million euros, and the unit price per square meter is 233 thousand euros.

The shop originally belonged to Italy industrialist Carlo De Benedetti, which has been one of the Paris branches of Chanel Chanel since March 2012.

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< p > it is learnt that Chanel Chanel will continue to lease the shop to the Wertheimer family at the rent of more than 2 million euros per year.

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< p > take such action and there is a considerable tax avoidance space for Chanel. Chanel Chanel can export to the Wertheimer family interests through the rent that is higher than the market price.

In the first quarter of this year, Zara sayla parent company Inditex SA (ITX.MC) and Zara founder Amancio Ortega Gaona were accused of tax avoidance, and their tax avoidance measures were related to this.

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< p > < strong > related reading < /strong > < /p >

< p > > a href= "//www.sjfzxm.com/news/index_s.asp" > Zara < /a > boss Amancio Ortega real estate companies want to be listed and then get tax avoidance accusation "/p >.

< p > Turkey Chanel Chanel is accused of "systematic smuggling" and is under investigation. < /p >

< p > Chanel Chanel had previously passed the "systematical smuggling" to achieve tax evasion.

In March 2014, Turkey media reported that three Turkey employees, including Chanel Chanel Turkey business executives, smuggled Chanel Chanel products from their suitcases from foreign countries to Turkey, and systematically avoided subconsciously paying customs duties.

Chanel Chanel revealed that in the internal audit conducted in 2012, there had been "serious violations and faults" in the management of two stores in Turkey. At that time, the brand terminated the employment relationship of its store manager on the basis of these behaviors which did not conform to internal policies and business rules.

The brand emphasizes that this is a special case and has tightened control over overseas business since then.

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< p > in addition to the potential for tax avoidance, < a target= "_blank" href= "//www.sjfzxm.com/" > dress < /a > and luxury retailers are increasingly keen on the retail property of the core cities in Europe. Early this month, there was news that Cie. Financi re re Richemont (L), the peak group and the Canadian real estate developer, the Oxford property group, were close to acquiring the core commercial real estate from 130 to 137 of New Bond Street, London, which is currently held by the private sector and is the largest private property held by the New Bond Street, and the paction price is expected to reach 300 million pounds.

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< p > over the past five years, the rents of Paris Place Vendome fondin square, London Bond Street Bond Street and Knightsbridge Knights bridge, Milan Via Montenapoleone Mont Napoleon street have doubled to 12000 euros to 15000 euros per square meter.

Meanwhile, the industry has also warned the retail real estate bubble in major European cities.

"The existing signs have shown bubbles in European retail real estate," Marc-Christian Riebe, chief executive officer of Location Group, a retail real estate consultancy, told Reuters.

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