French Luxury group Kering recently announced grouping most of its Swiss logistics activities into a single hub by relocating those to Italy over the next three years. The new hub near Novara will raise Kering’s stock-keeping capacity and improve its logistical efficiency. The company’s logistics activities in Switzerland will be substantially sized down, but will stay in use. Kering has also decided to move its central US warehouse to a new location in New Jersey, which is under construction, and will also need to make new investments in Asia.

Earlier this month, Kering settled a charge with the Italian tax authorities regarding its Swiss logistics subsidiary, Luxury Goods International SA, for a high amount of $1.39 billion.