MILAN — Victor Uckmar, the tax lawyer hired by former Valentino chairman Matteo Marzotto earlier this week in response to a probe initiated by Italy’s financial police, on Friday clarified several of the judge’s statements regarding the confiscation of some of the family’s assets.
Uckmar noted that the investment fund to which the capital derived from the sale of Valentino Fashion Group was allegedly transferred, is based in Ireland and not in the Cayman Islands, as the judge stated.
He added that, since 2007, the fund is publicly listed in the Netherlands, on the Euronext Stock Exchange in Amsterdam, under the watch of the Dutch Stock Exchange authorities, or Autoriteit Financiële Markten, the equivalent of the Securities and Exchange Commission in the U.S.
Another point Uckmar made is that the investment management of the fund is entrusted to Leo Fund Managers Ltd., a London-based firm, controlled by the Financial Services Authority, the equivalent of the Bank of Italy. Uckmar highlighted that “primary institutional Italian investors have invested in this fund” and that all this information and data are available on the Web sites of the fund. “The above is also already known to the Italian tax authorities, which have acquired all the relevant information after a specific inspection activity carried out in Italy at primary Italian financial intermediaries,” concluded Uckmar.
As reported, 13 individuals, including members of the Marzotto family, are being investigated for alleged omission of earnings and assets declaration in association with the sale of Valentino Fashion Group to private equity fund Permira in 2007.
A Milan branch of the Guardia di Finanza, an Italian police force under the authority of the national Minister of Economy, has confiscated assets, including land and real estate properties, worth more than 65 million euros, or $83.4 million at current exchange, owned by a number of Marzotto family members. The properties include villas in the luxury mountain resort Cortina d’Ampezzo; apartments in Milan and Rome, and a castle in Trissino, near Vicenza and not far from the Marzotto headquarters in Italy’s Valdagno.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast