MILAN — The Italian tax authorities are said to be targeting another luxury company: Bulgari SpA.
According to Italy’s newspaper Il Corriere della Sera, the Guardia di Finanza, an Italian police force under the authority of the national minister of economy and finance, is accusing the Rome-based jewelry firm of evading tax payments of more than 70 millions euros, or $92 million at current exchange rates.
The inquiry is focusing on the last few years and in particular on 2011, when LVMH Moët Hennessy Louis Vuitton took control of Bulgari in a cash-and-share swap valued at more than $6 billion.
“I’ve struggled my whole life to find a bathing suit that fits me that doesn’t look like a maternity bra. I’m proud of the line because it’s an accurate representation of me rather than me putting on someone else’s clothes,” says @atlantabean of her swimwear collaboration with @piaarrobio, LPA X ATL. The two decided on a swimwear collab and increased the industry standard size for the pieces. Read more about the line — and our interview with de Cadenet Taylor and Arrobio — on WWD.com #wwdfashion
Exclusive: Cate Blanchett has been named the first global beauty ambassador for @armanibeauty. Blanchett has been the face of the brand’s Sì fragrance franchise since 2013, and is now representing all of the label’s beauty categories including makeup and skin care. #wwdbeauty (📷: @zefashioninsider)
“From concept to creation, my goal was to create beautiful pieces, with a variety of sizes, all at affordable prices,” said @joansmalls of the swimwear and intimate apparel she designed for @smartandsexysocial. The collection includes neon laced bras, sheer bodysuits and swimwear separates. The intimates collection will launch in July, while the swimwear collection will be available for purchase on Tuesday at select @walmart stores, walmart.com and smartandsexy.com. #wwdfashion