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

Fashion
8,178 Hypes 0 Comments

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.

Read Full Article

What to Read Next

Tyga featuring Future - Show You
Music 

Tyga featuring Future - Show You

Tyga and Future hit the tropics for their collaborative jam that can be found on the Young Money

Mr. Hare "Killer" Video Showcases its 2013 Fall/Winter Collection
Footwear Fashion

Mr. Hare "Killer" Video Showcases its 2013 Fall/Winter Collection

Eccentric English fashion label Mr. Hare knows that quality speaks for itself. With its new

iamamiwhoami – Y (EP)
Music 

iamamiwhoami – Y (EP)

This week, Swedish singer-songwriter Jonna Lee, better known by her iamamiwhoami moniker, has

Givenchy 2013 Fall/Winter Accessories Collection
Fashion

Givenchy 2013 Fall/Winter Accessories Collection

Givenchy’s 2013 fall/winter accessories line infuses modern fashions with classic symbols,

HYPEBEAST TV: Jadakiss Breaks Down Working with ALIFE
Music 

HYPEBEAST TV: Jadakiss Breaks Down Working with ALIFE

New York rap icon Jadakiss began to roll out promotion of his new album — Top 5: Dead or Alive –


River Island 2013 Holiday Lookbook
Fashion

River Island 2013 Holiday Lookbook

Once again fusing the aesthetics of high-end streetwear and luxury menswear, British clothier River

Hasselblad Stellar Camera
Tech & Gadgets

Hasselblad Stellar Camera

Bringing its luxurious craftsmanship to the world of pocket cameras, Swedish camera manufacturer

Slam City Skates x Vans Syndicate Derby
Footwear Fashion

Slam City Skates x Vans Syndicate Derby

London skate shop pioneer Slam City Skates has come to us today with the news of its latest

Diamond Supply Co. x Been Trill 2013 Capsule Collection
Fashion

Diamond Supply Co. x Been Trill 2013 Capsule Collection

With what seems like everyone utilizing a social media platform forcing their way into the dialogue

Kanye West to Collaborate with Bret Easton Ellis on a New Script?
Music

Kanye West to Collaborate with Bret Easton Ellis on a New Script?

After working together on a Scott Disick-starring spoof of the author’s controversial American

More ▾
 
We got you covered. Don’t miss out on the latest news by signing up for our newsletters.

By subscribing, you agree to our Terms of Use and Privacy Policy.