While not related to the Canadian Fashion/Retail scene, this is pretty big news anyways!

Shortly after a three-hour jury room meeting today in Italy, Judge Antonella Brambilla has found fashion design duo Domenico Dolce and Stefano Gabbana guilty of tax evasion and handed down a 1 year 8 month jail sentence to both parties.

The verdict comes down after the designes had already paid a $440 million USD in fine, regardless the Italian courts found that this payment and the sale of the brand to Gado SRL was a way to avoid paying Italian Taxes.

As many website are pointing out, this could be disastrous for the brand as a 20 month Jail sentence will likely interfere with at least 4 major collections.

Source: WWD

Image source



Scroll Up