Dolce and Gabbana Acquitted


Photo courtesy of Imaxtree

Stefano Gabbana and Domenico Dolce

Italy’s top designers Domenico Dolce and Stefano Gabbana are no longer being tried for dodging up to $ 1bn (£880m) in tax.

Judge Simone Huerti from Milan cleared the two designers of all accusations of tax evasion on lack of evidence earlier this week at the preliminary hearing.

All senior members of the company were accused of avoiding paying taxes, however all denied the charges since the case went under investigation three years ago.

The accusations came to face after Dolce and Gabbana sold two of their brands Dolce and Gabbana and D&G to a Luxembourg based company called Gado in 2004 and 2005. It was believed that by giving Gado control over these two brands they could avoid paying Italian taxes and could have faced up to a three year sentence.

Dolce and Gabbana have stores in over 33 countries and a huge celebrity clientele such as Madonna, Naomi Campbell and Kylie Minogue.  Stefano Gabbana took to Twitter after being acquitted to thank people for their support:

‘Thanks to all for the great support!!!! Love :-)))) Stefano’

 

So, What do you all think?

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About KG

Mumblings of a final year student looking to get fit, eat well, study hard and still enjoy the finer things in life. View all posts by KG

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