Could this the end of Dolce & Gabbana as we know it?
Last month, Dolce & Gabbana were sentenced to jail for tax evasion, and now another Italian fashion house has found itself connected to a similar scandal. According to WWD, Matteo Marzotto, former Valentino chairman, along with his sister and several others, have been indicted for evading $75 million in taxes, relating to the 2007 sale of a chunk of the Valentino label to private equity fund Permira.
Dolce & Gabbana designers Domenico Dolce and Stefano Gabbana have been found guilty of tax evasion and sentenced to prison.
Good thing Domenico Dolce and Stefano Gabbana just became billionaires--because the designers may have to fork over a good chunk of their fortune to the Italian government.