Dolce & Gabbana Found Guilty of Tax Evasion, Sentenced to Jail
(ImaxTree) Dolce & Gabbana's fall 2013 collection
After a long, drawn out court battle following the 2004 sale of fashion label Dolce & Gabbana to a Luxembourg-based holding company called Gado, which pretty much functioned as a tax shelter and was owned by Domenico Dolce and Stefano Gabbana themselves, the designers are heading to jail.
Earlier today, Italian judge Antonella Brambilla found the duo, and five of their colleagues, guilty of tax evasion (to the tune of nearly $550 million), WWD reports.
They'll be sentenced to one year and eight months in jail, and, considering that the prosecution recommended a three-year prison term, their punishment isn't too harsh.
Both designers — who have repeatedly proclaimed their innocence — and the high-ranking executives who were also sentenced to jail time, are expected to appeal. And, according to Reuters, the length of this appeals process means it’s “unlikely” they’ll actually spend any time imprisoned.
Dolce & Gabbana hasn't released an official statement yet, but Stefano Gabbana did retweet this: