MILAN — Judge Antonella Brambilla presided over an eight-hour hearing Wednesday as witnesses called by prosecutors Laura Pedio and Gaetano Ruta took the stand in the ongoing trial of Domenico Dolce and Stefano Gabbana, who are charged with omitted and unfaithful earnings declarations. The defendants have denied the charges.
Of note was the testimony of Marco Tanzi Marrotti, an executive of PricewaterhouseCoopers, the consultancy tapped by Dolce and Gabbana to set a price for their brands in spring 2003. “I was told that the designers were looking at the possibility of publicly listing their company,” said Tanzi Marrotti, explaining that an initial public offering would have required the brands to be “brought back into the group,” and controlled by a company rather than two individuals.
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