By  on September 11, 2015

MILAN — Alessandra and Allegra Gucci, the daughters of the late Maurizio Gucci and Patrizia Reggiani, have been acquitted of accusations of tax evasion on the grounds of insufficient evidence. According to a legal source, Milan prosecutor Gaetano Ruta believes the tax evasion had been planned, but that the preliminary hearing did not provide enough proof of guilt.

The Gucci siblings last year were accused of each allegedly omitting to pay less than 4.5 million euros, or $5 million at current exchange rate, in the period ranging from 2004 to 2010. 
Alessandra Gucci in 2008 launched her own line of luxury handbags called AG Limited Editions. The sisters are the great-granddaughters of Guccio Gucci, who founded in 1921 the Florence-based firm now controlled by Kering.

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