Today’s Fashion Headlines. March 5, 2012

March 5, 2012 • Fashion, Fashion Blog

Dolce & Gabbana set legal precedent, CFDA host American designers in Paris and Givenchy gets a new CEO

Dolce & Gabbana Case Make History

Stefano Gabbana and Domenico Dolce’s tax case could make legal history in Italy. The Italian Supreme Court earlier this week laid out the reasons why it decided to reopen the case, alleging the designers and several business associates evaded taxes. The designers originally were absolved of the claims by a lower court in April.

In a statement that could set legal precedent in Italy, the Supreme Court said tax avoidance, or tax mitigation, on an earnings declaration is a criminal offense under the law. This is a major ruling since tax avoidance — which allows taxpayers to take advantage of certain benefits, such as creating a separate legal entity to which one’s property is donated, for example — previously was not considered a crime.

In its verdict, the Supreme Court said, “If there is a criminal intent while compiling one’s earnings declaration and a consequent unfaithful declaration, the elusive behavior cannot be considered tout court penally irrelevant.” The designers have always denied any wrongdoing and in an interview with WWD in December, they expressed clear consciences and a lack of bitterness, albeit disappointment, over their battle with Italian authorities concerning the alleged tax evasion.

Hilfiger RTW Show in Paris?

Tommy Hilfiger was one of the notable speakers at the event, an initiative of the CFDA/Vogue Fashion Fund and hosted by Ambassador Charles Rivkin and his wife, Susan Tolson.
“Designers have to be not only creative people but business people,” Hilfiger explained during cocktails, where he mingled with the likes of Lanvin investor Ralph Bartel.

There he spoke about his history of the Hilfiger brand and hinted of European fashion show in the near future. In the interest of furthering the chances of the next crop of talent, Hilfiger said he will sponsor the “Americans in Paris” event for one more season. Addressing the crowd in French and English, Rivkin called fashion an “important bridge between our two cultures.”

LVMH Grabs Sebastian Suhl for Givenchy

Signaling expansion ambitions for one of its buzziest smaller brands, LVMH Moët Hennessy Louis Vuitton has snared a high-caliber executive from Prada Group to helm Givenchy, according to WWD. The French house, which staged its latest show here Sunday night, is to reveal today that Sebastian Suhl is its new chief executive officer, effective today. Suhl was most recently Prada Group’s chief operating officer.

He succeeds Susan Whiteley, a British national who is said to be returning to the U.K. for personal reasons. She joined Givenchy a year ago from Louis Vuitton, where she had been general manager of the U.K., Ireland and Scandinavia since 2004. Holder of an M.B.A. from the Barcelona business school Esade, Suhl is best known for his meteoric career at Prada. He joined the company in 2001 as general manager of France, following stints at the fashion houses Courrèges and Thimister.

– Taneisha Jordan

Source & Photo: WWD

See the Top Ten Summer 2016 Trends for Women Over 40

Tags: , , , , , , , , , , , , , ,

Leave a Reply