Vivienne Westwood out of a tough year?

In the report submitted to the British company registration authority (CompaniesHouse), "2014 is a challenging year". "In the retail environment, profits are still under pressure."

After a hard year, Vivienne, Westwood, a famous designer in the UK, increased its sales significantly, but its profits fell slightly.

It is still an independent Vivienne Westwood brand. Its total sales of clothing, leather products and perfume last year were 32 million pounds, an increase of 8.4% over the previous year.

From 3 million 200 thousand to 2 million 900 thousand.

The brand plans to open new stores in the north of England.

The founder of the brand, famous in England.

The Duchess of Vivienne Westwood (figure below) was involved in tax evasion last year, and the British Green Party (GreenParty) policy, which was consistently supported by it, could not allow the party to take a clear-cut stand against tax avoidance through Off Shore Company.

In short, Vivienne Westwood, a low tax state registered company such as Luxemburg, exports interest to Luxemburg company through its own company.

Starbucks also allegedly adopted the same way of tax avoidance.

In 2002, Vivienne WestwoodLtd, a British company of Vivienne Westwood, sold the brand trademark to Luxemburg LatimoSA at 840 thousand pounds, while the actual controlling shareholder of LatimoSA and Vivienne WestwoodLtd was DameVivienne Westwood.

In 2012 and 2013, Vivienne WestwoodLtd paid a license fee of 2 million per year to LatimoSA. In 2014, Vivienne WestwoodLtd paid a license fee of 1 million 600 thousand to LatimoSA, and paid 646 thousand corporate income tax, a 17% decrease compared with the previous year.