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Dolce & Gabbana Appealing Tax Evasion Conviction

The designers plan to plead their case at Italy’s supreme court after their guilty verdict was upheld and they were sentenced to 18 months in jail at the appeal for their ongoing tax evasion case on Wednesday (30.04.14).Dolce & Gabbana

The duo are accused of hiding millions of euros from Italian tax authorities by using Luxembourg-based holding company Gado to avoid paying taxes on around €1 billion (£820 million) of royalties.

Massimo Dinoia, the lawyer representing Dolce and Gabbana, said: “I am speechless and astounded, this sentence is inexplicable. After all, the general prosecutor already realised that there was really nothing to the case. We will surely present our appeal to the Corte di Cassazione. This is an unfair verdict and we are sure the Cassazione will reform it.”

The designers and their accountant, Luciano Patelli, were previously sentenced to 20 months each and fined up to €10 million in a verdict issued last June, but the initial sentence was reduced by two months yesterday.

An investigation was launched in 2008 when Italian tax authorities were keen to catch people evading tax when the recession hit. Fashion houses were scrutinised as they performed well during this period, despite many other companies struggling. A partner at Grant Thornton in Milan told The Guardian newspaper: “Luxury is one of the few sectors to have done well in recent years.

“It is easier to go and ask for money where there is money as opposed to going to a troubled sector.” However, according to Italian law, the defendants won’t have to serve jail time as their sentences are below the two year minimum.

Source: Designerzcentral

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Fendi Hosts Dinner at Sotheby’s in London

We’ve come from Brooklyn to here,” said Kiesza, the Canadian singer-songwriter, as she cast her eyes around the grand gallery at Sotheby’s where Fendi held a dinner party on Thursday night to mark the opening of its new Bond Street store. “We don’t even know which fork to use!” Kiesza, who attended the dinner with her friend and choreographer Ljuba Castot, has recently moved from New York to the U.K., where her single “Hideaway” hit number one on the U.K. charts last week. She’ll be doing the European music festival circuit this summer, and her first album is due out in October. “I think we have one day off in Ibiza,” said the singer, who was already planning her precious free time.Carla Fendi

She wasn’t the only crooner there: Anna Calvi, the British singer-songwriter and guitarist, performed a live set before dessert. The dinner was co-hosted by Fendi’s chairman and chief executive officer Pietro Beccari, Silvia Venturini Fendi and Karl Lagerfeld, and guests included Carla Fendi, Arizona Muse, Rocco and Aliai Forte, Elisa Sednaoui, Cara Delevingne, Poppy Delevingne, Suki Waterhouse, Lily Allen, Naomi Campbell, Delfina Delettrez Fendi, Kristen Mcmenamy, Anna Calvi, Talullah Harlech, Tinie Tempah, Aluna Francis, Luke Evans, Sam McKnight, Pat McGrath and Tim Noble.

Before dinner, Carla Fendi chatted about her foundation’s restoration of a theater in the ancient town of Spoleto, Italy, and an upcoming concert that Riccardo Muti will be conducting there later this summer. Muse, who attended the dinner with her boyfriend Marc Abegg, said she has some “exciting upcoming work” with English brands, and — separately — has just finished interviewing Patrick Demarchelier for i-D. “I found his mannerisms very interesting, and he speaks with a very thick French accent — despite having spoken English for the past 30 years!” she said.

Sednaoui is balancing motherhood — her son is nearly a year old – with modeling, acting and filmmaking. Her first documentary, “Tomorrow, God Willing,” deals with themes of love in the Egyptian countryside, and will be finished in early June. Sednaoui has recently returned from Egypt, where her eponymous foundation provides children with after-school arts projects. Guests gathered at Sotheby’s, across the street from the new store, where one-off Fendi Peekaboo bags designed by the likes of Tracey Emin, Jerry Hall, Adele, Gwyneth Paltrow, Georgia May Jagger, and Cara Delevingne were on display — and on the block. The auction of the bags is in aid of the Kids Company charity, and closes on Friday, May 30.

Beccari was particularly happy that Lagerfeld was there: “I know you don’t like dinners, Karl, but thank you for coming to this one. I really appreciate it,” he said before guests sat down to a four-course meal of tuna tartare, pasta with fish, wild sea bass, and apple tart.

Source: Designerzcentral