MILAN — Matteo Marzotto’s tax trial is expected to kick off on March 21 and will be held at Milan’s courthouse, a source said.
State prosecutors Laura Pedio and Gaetano Ruta, who also headed up the Domenico Dolce and Stefano Gabbana tax case, which wrapped up in June, initiated the probe following allegations that involve Marzotto and his family’s association with the sale of Valentino Fashion Group to private equity fund Permira in May 2007 for more than 782 million euros, or $1 billion. They were indicted for alleged omission of earnings declaration and tax evasion of more than 71 million euros, or $95.8 million at current exchange.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)