Dolce and Gabbana Court Case Closed & H&M Celebrates its Designer Collaborations
Dolce and Gabbana Win Their Tax Dispute
Italian luxury fashion house Dolce and Gabbana has emerged victorious from a decade long tax evasion dispute with the Italian government. In April 2014 an appeals court had found the pair guilty and sentenced them to 18 months in jail and a $550 million USD fine. In the wake of this verdict, the designers defense team lodged a final appeal, they successfully argued that the pair were too consumed with the creative process to realise they had broken Italian tax law. Following the not guilty verdict, Domenico Dolce and Stefano Gabbana issued an official statement saying "We have always been honest and we are extremely proud of this recognition by the Italian Court of Justice."
French luxury good conglomerate Kering, owner of brands such as Alexander McQueen, Balenciaga and Gucci amongst others, has closed its third quarter with a 3.3% increase and a turnover of 2.6 billion euro. In the first nine months of the year the group generated revenues amounting to 7.3 billion euros (+4.2% on a comparable basis). Sales to the group’s luxury division increased 3.5% on the back of solid performance in North America and Japan. Gucci, however registered its lowest growth rate since 2009, while Yves Saint Laurent posted a 28% increase in sales on a comparable basis.
The First Ten Years
Swedish high street behemoth H&M has released a book The First Ten Years that celebrates 10 years of its designer collaborations. Since its first collaboration with Karl Lagerfeld in 2001, the hotly anticipated collaborations have enraptured the fashion faithful and sparked an industry trend of designers collaborating with accessible, lower price point retailers. The book, released as a limited edition, includes exclusive imagery and unique contributions from the designers, along with compelling backstories.