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.
Taking the final spot on the mens’ portion of New York Fashion Week calendar next month will be none other than @tomford. Though he’s shown his men’s wear in New York in the past, this will mark the first time the designer has shown his men’s collection alone during New York Fashion Week: Men’s. His runway show will debut on February 6 at the Park Avenue Armory. #wwdfashion
London-based couture house @ralphandrusso has certainly been in the spotlight, having its dresses worn by @beyonce, Angelina Jolie, Meghan Markle in her engagement photos and more. For couture, Tamara Ralph focused on ornamentation — think: feathers with chain mail, jet embroidery and clusters of pearls and crystals. See the rest of the collection on WWD.com #wwdfashion #couture (📷: @giovanni_giannoni_photo)
Minnie Mouse celebrated her 90th birthday by getting her own star on the Hollywood Walk of Fame. For her celebratory luncheon, @coach’s creative director @stuartvevers dressed her in a custom made prairie dress, complete with Vever’s take on the polka dot – black sequined versions – under a cropped motorcycle jacket. The designer also put his own mark on Minnie’s classic red shoes, infusing the color with sparkles and adding some Coach crystals. “We chose colors that were very Minnie and also represented quintessential Coach elements,” said Vevers. #wwdfashion #nationalpolkadotday (📷: George Chinsee)
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@margotrobbie steps out onto the red carpet wearing @miumiu. The actress is nominated for “Outstanding Performance by a Female Actor in a Leading Role” in “I, Tonya” at the #SagAwards. (📷: Stewart Cook) #wwdfashion
For @massimogiorgetti of @msgm, the Nineties are his favorite decade. “They had a huge impact on my personal growth. What I like of the Nineties is that they are not so precise in terms of style as other decades…there was actually a bit of everything,” he said. As seen on MSGM’s Spring 2018 show: tie-dye and a bit of grunge, two styles that are synonymous with the decade #wwdfashion #wwddecades (📷: @kukukuba)