A former Kiabi treasurer is suspected of having carried out “a sophisticated large-scale financial fraud” worth €100 million, according to France Info.
The French clothing store Kiabi discovered in July that it had been the victim of a “sophisticated large-scale financial fraud,” its management told AFP this Friday, confirming information from France Info that estimated this embezzlement at “100 million euros.” .
“This fraud in no way calls into question the financial solidity of Kiabi and has no impact on the maintenance of our annual performance,” added this source, who neither confirmed nor denied the amount of the embezzlement. Kiabi reached a turnover of 2.2 billion euros in 2023.
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Source: BFM TV
