The Giant Brand Gucci, Donates $500,000 To UNICEF For Vaccine Supply

The famous brand Gucci,  owned by French group Kering (PA:PRTP), will donate at least $500,000 to UNICEF to help supply and distribute COVID-19 vaccines to vulnerable people around the world. On top of the  $500,000 donation, Gucci said it would match money raised for the United Nations Children’s Fund (UNICEF) by up to $100,000, and invited its followers to donate through their platform.

The U.N. agency is raising funds for COVAX, a program, conducted by the World Health Organization and the GAVI vaccine group, to accumulate funds from wealthier countries and non-profit organisations to buy and distribute vaccines to less fortunate countries. COVAX has so far raised $2 billion. Gucci’s money will fund activities such as the supply of test kits to restrain community transmission, cold chain equipment to keep doses of vaccines effective and the transport of vaccines.