19 months jail time for Dolce and Gabbana

19 months jail time for Dolce and Gabbana

Italian fashion designers Domenico Dolce and Stefano Gabbana have been convicted to 19 months in jail for fiscal fraud. The designers will undoubtedly appeal, so they will not have to go to jail just yet.

2.5 years demanded

All in all the mythical fashion duo gets off quite well, as the prosecutor had demanded 2.5 years. Five other employees of the fashion label have been convicted to jail time.

 

According to the judge in Italy the designers sold their brand to a company in Luxembourg in 2004 they had founded themselves. This way they could benefit from the better tax system in Luxembourg, causing the Italian treasury to lose out hundreds of millions or maybe even a billion euro. The two designers, who were not present at the trail, have always denied these accusations.

 

The company Dolce & Gabbana was founded in 1985 and has more than 3,000 employees and is sold in 250 shops in over 40 countries. The fashion label, which had sales of about one billion euro in 2011/2012 and has celebrities such as Madonna and Beyoncé among its fans, earlier received a fine of 343.4 million euro, also for tax evasion.

Questions or comments? Please feel free to contact the editors


AB InBev sells two German beers

17/01/2018

AB InBev has sold German beer brands Diebels and Hasseröder, alongside its breweries, to investment fund CKCF. The new owner wants to invest more in the two beer brands.

Nutella acquires Nestlé's American chocolate division

17/01/2018

Nestlé and Ferrero struck a deal regarding the former’s American chocolate division. The Nutella manufacturer will pay 2.4 billion euro to become the world’s third largest chocolate manufacturer. At the same time, Nestlé can turn its attention to healthier options in the United States.

Macron wants World Heritage recognition for French baguette

15/01/2018

French president Macron and the union of French bakers want to get the French baguette listed as Unesco World Heritage. If it succeeds, it will follow in the footsteps of Belgian beer and pizza from Napoli.

Lactalis recalls 12 million packs of baby milk

15/01/2018

Dairy manufacturer Lactalis is in the eye of the storm in France, because its baby milk has been contaminated with salmonella. It had to recall 12 million packs across 83 countries.

Larger packaging does not always equal lower prices

15/01/2018

Many supermarket items in large packaging are cheaper by the kilo or the liter than small packages, but in some cases, the reverse is true. Much depends on the standard packaging.

Delhaize reshuffles board

15/01/2018

Delhaize just announced it will rearrange its board of directors. New CEO Xavier Piesvaux assembled his team, which contains several familiar names and several newcomers as well. 

Back to top