George Zimmer and now Italian design duo Dolce & Gabbana have been found guilty of tax evasion and were sentenced to prison, according to WWD.
Italian judge Antonella Brambilla ruled that Domenico
Dolce and Stefano Gabbana will serve one year and eight
months in jail for tax evasion. This is reduced from
what the prosecution recommended they serve which was
two and a half years. Their accountant Luciano Patelli
may be sentenced to three years as he is considered the
orchestrator of the evasion scheme.
The charges stem from the sale of D&G brands back in
2004 to Gado Srl, in the effort to evade Italian taxes,
according to the prosecution. They were first sought
after for this back in 2010 but the case was dropped due
to lack of evidence. However, in 2012 they paid a $440
million fine related to the same charges.
The impact this could mean for the Italian fashion
industry is the brand may miss four consecutive fashion
seasons. It stands to reason to keep their brand
relevant there will be a temporary head designer to take
charge while Dolce & Gabbana serve out their sentences.
The designers are probably hoping it will not come to
that and they are expected to appeal the decision.
This has been one crazy day in fashion and it's not over yet. Here's hoping only good news for the remainder of the day!
Stay out of trouble lovelies!