MILAN — Closing its investigations into the Marzotto group, the public prosecutors’ office in Milan has notified and charged 13 individuals, including members of the Marzotto family and administrators of the company, for alleged omission of earnings declaration and tax evasion of more than 71 million euros, or $91 million at current exchange. This may lead to a request to hold a trial.As reported in November, the tax police have been investigating International Capital Growth, a company believed to be a fictitious entity based in Luxembourg but managed in Milan, and allegedly created for the purpose of selling 29.9 percent of Valentino Fashion Group in May 2007 to equity fund Permira for more than 782 million euros, or $1 billion. Allegedly, taxes on the profit derived from the transaction were never paid in Italy. This allowed the accused to net a capital gain of 200 million euros, or $256.7 million, and elude the payment of more than 71 million euros in tax, the police claim. They have confiscated Marzotto assets worth that sum. This figure has increased since November, when the police pegged it at 65 million euros, or $83.4 million.RELATED STORY: Dolce & Gabbana Fined $440M >>Among the individuals notified are Vittorio, Matteo, Diamante, Margherita, Maria Rosaria and Cristiana Marzotto and Andrea, Isabella and Rosanna Donà Dalle Rose. All those charged have denied the accusations.
Exclusive: @dsquared2 signs fragrance licensing agreement with Euroitalia, with the first effort of the new partnership being unveiled in September. The brand will launch two scents – one for men and one for women – in Italy. Read our interview with designer Dean and Dan Caten on WWD.com. #wwdbeauty #wwdnews (📷: @zefashioninsider)
@louisvuitton has officially renewed Nicolas Ghesquière’s contract as artistic director of women's collections. "I am very pleased to open the next chapter of the story I started with Louis Vuitton almost 5 years ago," said Ghesquière, who first signed on to design the French luxury brand's women's line in 2013. Get all the details on WWD.com. #wwdnews #wwdfashion (📷: @giovanni_giannoni_photo)
“I learned then and there that I had to figure out a way in life to maintain and preserve my sense of pride when I felt good about what I did or what I represented or created,” said @saintrecords on how being bullied for wearing capri pants inspired her to be the artist she is today. Knowles was at the 70th Parsons Benefit last night where she outbid the room for a Dapper Dan customized @gucci experience. #wwdeye (📷: @lexieblacklock)
“There’s this amazing braintrust of people who know the whole universe so well. So we talked to them and they gave us more input,” said actor Alden Ehrenreich on playing the young Han Solo in “Solo: A Star Wars Story.” The cast was at NYC’s SVA Theatre last night for an advanced screening of the film, which hits theaters this week. #wwdeye #starwars #hansolo (📷: @aurorarosedecrosta)
@asaprocky spent nearly two hours in a Plexiglas box Sunday night at @sothebys putting himself through a series of “tests” to demonstrate the process of completing his new album called “Testing.” Get all the details and see all the pictures on WWD.com. #wwdeye
“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)