MILAN--Girolamo (Gimmo) Etro was at home under house arrest Thursday after being released from the San Vittore jail here late Wednesday, his lawyer confirmed. Etro was arrested for paying a bribe of $321,000 (500 million lire) to a tax official in exchange for a lenient audit of the luxury goods firm he heads. "He explained what happened--he was forced to pay," said Massimo Noia, Etro's lawyer, adding that he thought Etro would also be freed from house arrest in a few days. "We're really hoping he will be out in time to be at his own show, so he can participate in what he created," said Ippolito Etro, one of Gimmo Etro's three sons--all of whom are involved in the business--and financial and administrative director for the family-owned company. Etro is slated to show its collection Sunday as part of fashion week. Meanwhile, Etro's accountant, Franco Eller Vainicher, was arrested and interrogated Thursday morning, and placed under house arrest in the afternoon in connection with the bribe. The arrests were part of a massive probe into corruption among Italy's tax officials by investigating magistrates here. Although details of the probe are still under wraps, it appears that corrupt officials of SECIT, the elite corps of tax controllers, deliberately targeted profitable fashion companies for audits. The audits were then carried out by local tax officials or officers of the Guardia di Finanza, Italy's national tax police, who subsequently split bribes with SECIT officials, according to sources. The timing of the investigation--just before the designer collections, which start here Saturday--has stirred bitterness in the fashion community, especially since all the designers questioned in the probe claim they were extorted by tax men. "The fact is that [tax officials] asked for the money," said Ippolito Etro, adding that his father "didn't want to pay it, and in the end he was forced to pay. This is extortion." Having paid off the tax officials, the firm didn't get any fiscal benefit or a more lenient audit, he claimed: "The payment that was made did not give the company or the people running the company any advantages." Despite the shock of the arrest and the unpleasantness of the situation, Etro had praise for the work the investigating magistrates are carrying out: "Maybe they don't have time to be subtle or nice, but these people are working 24 hours out of 24 hours, and the civil order that is coming from these changes is going to make it much better to live and work in this country."
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)
Not only does #TheProfit return to CNBC tonight, but @marcuslemonis has launched @shopmarcus, a new shopping and lifestyle retail experience in Aspen and Chicago, with more locations to come. The retail stores offer in-store stylists and a variety of contemporary womenswear selections.
“It’s life, I’m going to face it,” @mingxi11 sighed. “I fell, but you know, I think the most important thing is that I get back up. I had the love, the help from my sister — the girl next to me Gizele [Oliveira] — she’s so nice. When I went backstage everybody was trying to comfort me like ‘Oh Ming, it’s OK.’ I’m really, really touched. I think it’s them who gave me the courage to go back on stage for the finale,” Xi told WWD of her fall at the @victoriassecret fashion show. (📷: David Fisher) #wwdfashion #vsfashionshow #victoriassecret
@louisvuitton tapped @therealpeterlindbergh for its latest city-centric photo book, which is part of a series called Fashion Eye. The primarily black and white book captures the spirit of Berlin in 57 images shot between 1989 and 2019. “Berlin is an inspiration for me, more than a city. I mean @millajovovich is simply Berlin!” said Lindbergh. #wwdfashion
“You know, I think audiences expect a certain performance so I have to deliver to them what they’re expecting to a certain degree. But I’m also a different actor and a different person, I have my own spin on the character,” says @noahegalvin of his takeover of the leading role in “Dear Evan Hansen” following the departure of @bensplatt, who originated the role. Read WWD’s interview with the 23-year-old actor on WWD.com #wwdeye (📷: @jilliansollazzo)
For pre-fall 2018, @etro created richly-colored wonderland, using tapestries, textiles and wallpapers from the Eastern world at large. The line featured floral and graphic prints and jacquard motifs, like this two-piece look featured here. #wwdfashion (📷: Giovanna Pavesi)
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)