ROME (AFP) - An Italian court has ordered the Dolce & Gabbana fashion house to pay a fine of 343 million euros plus interest for failing to declare millions of euros in revenue to tax authorities, local media reported.
The international fashion giant, whose celebrity clients include Beyonce and Madonna, plans to appeal the verdict and the payment of any fine would be suspended pending the appeal, reports said. The fashion house was found to have “violated legislation with the sole objective of procuring a fiscal advantage,” according to the ADN Kronos agency which quoted the verdict.