Gucci is set to pay a record fine of nearly 1.5 billion euros ($1.7 billion) in a tax evasion case.
The owner of Italian fashion giant Gucci is set to pay a record fine of nearly 1.5 billion euros ($1.7 billion) in a tax evasion case, according to media reports Friday.
"Lawyers are still negotiating with the tax authorities over a few hundred million euros, but the fine that the (French luxury) Kering group is about to pay is the highest (in Italy)," the La Stampa newspaper said.
"It's a cheque for nearly 1.5 billion euros," it added.
It follows a probe by Milan's public prosecutor into the fashion house on suspicion of declaring several years worth of Italian sales in Switzerland, thereby saving around 1.3 billion euros in domestic tax.
Kering is expected to sign an agreement on the amount due on May 2, according to the financial newspaper Il Sole 24 Ore.
"At this stage, no agreement has been reached on any specific amount," the French group told AFP.
A Delhi-based fashion brand Doodlage provides the perfect antidote to fast fashion by making chic garments with scraps of waste cloth. Designing clothes out of scraps of fabric and second-hand garments, Doodlage’s creative team dreams up new designs and sells its wares in 30 shops and online.
The story about the inmates of a high security prison in Brazil, finding reformation in crochet is a story of hope (“Inmates show off crochet creations in Brazil prison fashion show,” May 23, Gulf Today). Prisons are known for punishment, and that’s the least that inmates need. Prisons should have been reformative, in whatever
Easy to pair with everything from ankle boots to T-shirts and trainers, a slip skirt should be at the top of your new season shopping list
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Inspired by the kebabs and keftes of the Middle East, these meatballs include aromatic spices and a dip. While savory yogurt sauces are the classic pairing.