June 19, 2013
An Italian court Wednesday sentenced fashion house duo Dolce and Gabbana to one year and eight months in prison for tax evasion of around one billion euros ($1.33 billion), according to media reports.
Lawyers for Dolce and Gabbana, whose celebrity clients include Beyonce and Madonna, immediately said they will be appealing, and under Italian law the sentence will be suspended in the meantime.
Domenico Dolce and Stefano Gabbana were accused of having transferred control of their brands to a shell company in Luxembourg in 2004 and 2005 to avoid paying Italian taxes.
This article was posted: Wednesday, June 19, 2013 at 1:11 pm