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Italian fashion influencer Ferragni will donate $1.3 million in a deal to close an antitrust probe
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FILE - Chiara Ferragni poses for photographers as she arrives for the CNMI sustainable fashion 2023 awards in Milan, Italy, on Sept. 24, 2023. Italian fashion influencer Chiara Ferragni will donate at least 1.2 million euros ($1.3 million) under a deal with Italian anti-trust authorities investigating misleading communications that led consumers to believe proceeds from the sale of Easter eggs with her logo were going to a children’s charity. - photo by AP Photo/Antonio Calanni, File
MILAN (AP) — Italian fashion influencer Chiara Ferragni will donate at least 1.2 million euros ($1.3 million) under a deal with Italian antitrust authorities investigating misleading communications that led consumers to believe proceeds from the purchase of Easter eggs with her logo would go to a children's charity, officials said Friday. Three Ferragni companies will pay 5% of profits over three years, with a minimum set at 1.2 million euros, to a charity for disabled children, called Children of the Fairies, according to the AGCM antitrust agency. The maker of the eggs, Cerealitalia Industrie Dolciare, a subsidiary of the toy company Giochi Preziosi, will pay at least 100,000 euros ($108,000) to the charity.