Dolce & Gabbana found guilty of tax evasion

d-and-g-and-katy-perry168298160.jpg

Jail terms handed to designers Domenico Dolce and Stefano Gabbana.

By Halle Engel

Fashion icons Domenico Dolce and Stefano Gabbana have been sentenced by a court in Milan to one year and eight months in jail for tax evasion, reports the BBC.

The designers deny the accusation and did not attend the trial, where they were charged with failing to declare over £850 million in earnings. Prosecution in the case argued the pair avoided taxes by funnelling money through a business in Luxembourg, and that they sold their company for well below its market value.

Story continues below
Advertisement

The investigation which brought the men to court was started roughly six years ago by the Italian government as a means of getting tough on tax evasion. In 2006, Dolce and Gabbana were cleared of the charges at a different trial, but the case was reopened after the decision was overturned by Italy’s highest court.

Dolce & Gabbana spin off D&G has been a popular staple of the high street jewellery offer in recent years but the brand is winding this brand down to focus on mainline brand Dolce & Gabanna brand. D&G Jewellery is still on sale in some stores, including Ernest Jones, but is heavily discounted.

Dolce & Gabbana recently launched its first collection of fine jewellery. 

 

Authors

*

Related posts

Top