MILAN — Bulgari Group has settled its tax case with Italy’s internal revenue service, the Agenzia delle Entrate, and, while insisting it “remains certain of being in the right,” has agreed to pay a total of 42 million euros, or $57.2 million.
The company said the settlement will help “avoid a lengthy and costly confrontation over an issue whose interpretation is objectively uncertain.” Bulgari and the agency settled on a payment of 28 million euros, or $38.1 million, but the addition of taxes, interest and other fines brings the total amount to 42 million euros.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"