Share this article with friends Share

Dolce & Gabbana Could Close its Doors in Wake of Tax Evasion Fines

It looks like the trouble is far from over for Dolce & Gabbana’s eponymous designers following

It looks like the trouble is far from over for Dolce & Gabbana‘s eponymous designers following the tax evasion scandal that resulted in prison sentences of 20 months for the label’s namesakes. In speaking to Vogue UK, Domenico Dolce and Stefano Gabbana confirmed that they would indeed close their label should they ultimately have to pay the entirety of the €343.3 million EUR (approximately $455 million USD) fine that’s been levied against them. “We will close,” said Dolce. “What do you want us to do? We will close. We will not be able to deal with it. It’s impossible.” The pair have already closed their nine storefronts in Milan after the city’s mayor publicly spoke out against the designers and their alleged crimes. Dolce & Gabbana were convicted of tax evasion in Italy back in June in a verdict stemming from the label’s controversial 2004 sale to Luxembourg’s Gado Srl.

SourceVogue UK
Read Full Article

What to Read Next

Tyga featuring Future - Show You
Mr. Hare "Killer" Video Showcases its 2013 Fall/Winter Collection
iamamiwhoami – Y (EP)
Givenchy 2013 Fall/Winter Accessories Collection
HYPEBEAST TV: Jadakiss Breaks Down Working with ALIFE
River Island 2013 Holiday Lookbook
Load More