Italy's Intesa Sanpaolo to boost financing for Gucci supply chain
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MILAN (Reuters) - Italy's biggest retail bank Intesa Sanpaolo has signed an accord with Gucci to ease financing for the small businesses that supply the Florentine luxury goods group owned by France's Kering .Italy is home to thousands of artisans in the leather, textile and jewellery sectors that supply big luxury brands who have seen sales slump due the COVID-19 pandemic.Intesa said it would apply to Gucci's suppliers, which employed more than 20,000 people, the financing conditions enjoyed..