Currently Coveting: Go Gingham

Ever since I saw the gingham print pieces from DVF’s Spring/Summer 2015 runway show, I have been waiting for these pieces to hit the stores!! And, it seems others are taking the cue and taking the classic, wholesome print and reinventing it for the modern age. From the classic dress and the preppy shorts to the sheer top and the perforated skirt, gingham is taking over for spring. Here are a couple gingham pieces I’m coveting!gingham copy

1. MinkPink Gingham Crop Top and Shorts  ||  2. Theory ‘Hesha’ Textured Gingham Top  || 3. Dolce & Gabbana Gingham Dress  ||  4. Michael Kors Gingham Perforated Skirt  ||  5. Finders Keepers ‘Mad House’ Dress  ||  6. Forever 21 Two-Pocket Gingham Shirt  ||  7. Diane von Furstenberg ‘Karlyn’ Dress  ||  8. Carven Gingham Coat  || 9. Diane von Fursternberg ‘Genesis’ Gingham Pants  ||  10. Polo Ralph Lauren ‘Arquette’ Shorts  ||  11. Diane von Furstenberg Gingham Silk Scarf  ||  12. Madewell Shirred Organza Top

Milan Fashion Week: Favorite Looks Part 2

mfw favorites part 2

 

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Dolce & Gabbana Found Not Guilty in Tax Case

I’ve been following this case through the highs and lows of it all, and it seems that finally, there is a conclusion. The design duo behind one of the most revered Italian fashion houses, Domenico Dolce and Stefano Gabbana, have been found not guilty by Italy’s highest court. This legal saga has been going on for 4 years with a lower court and an appeals court both finding the designers guilty of tax evasion and were sentenced to 18 months of jail time.

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The design house was accused of committing tax evasion by selling their brand to the Luxembourg-based holding company, Gado Srl, in an effort to avoid higher corporate taxes in Italy, where the brand was originally based. The duo appealed the lower courts’ decision to Italy’s highest court with the their defense team arguing to the court that the two should not be held liable for any wrongdoing because they are of creative minds and don’t deal “with bills and schemes to cut their tax rate.”

Yesterday, a five-member jury deliberated the case and arguments presented and ruled that there were no grounds for a case, thus overturning the lower courts’ decisions.

And so, another legal saga concerning the tax practices of Italian brands comes to end. And, while the outcome is favorable for Dolce and Gabbana, other Italian brands would do well to take note and make sure their tax practices are above board, or else they may also be embroiled in a legal battle for years that could affect the reputation of the brand.

Milan Fashion Week: My Favorite Collections

Ah, Milano. My second favorite European city, after Paris. To me, Milan is like a second home, because my family and I travel there quite often. Whenever I am people watching in the Galleria, what I love most about the Milanese people is how effortlessly elegant they always seem to be. This uniquely Italian quality was ever present in the Spring/Summer 2015 collections presented last week, whether it was ethereal dresses or sleek suits, there was something rather Italian and effortless about the looks presented.

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Also, it is quite apparent that many of the designers and thus people of Milano are feeling a 70’s vibe. Whether it was the city vibe of 70’s Manhattan or the hippie vibe of San Francisco during the summer of love, one thing is certain, many of the collections at Milan Fashion Week were feeling nostalgic for that bygone era of peace, love, and disco. Check out all my favorite collections from Milan Fashion Week below!

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Dolce and Gabbana Found Guilty In Tax Case

Another day. Another Italian tax dispute. Last week I talked about how Domenico Dolce and Stefano Gabbana are two of many Italian designers and brands that have been embroiled in tax disputes with the Italian government. Well, it seems that the design duo have lost their case.

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Both designers and their accountant, Luciano Patelli, had appealed a lower court’s decision finding them guilty of tax evasion. And, today, the appeals court upheld that decision. The designers and their accountant were sentenced to one year and 6 months of jail time (though none of them will actually serve jail time because the sentencing is below the two-year minimum required in Italy).

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Armani Group Settles Italian Tax Dispute

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The Armani Group has been embroiled in a tax audit with the Italian government stemming from the operations of three foreign companies controlled by Armani between the years of 2002-2009. Even though the companies were based in foreign countries, the Italian tax authority claimed that the group should have paid the taxes to Italy. The group has settled this dispute with the authorities and have agreed to pay about $373 million.

Armani is one of many Italian brands that have been targeted for tax audits by Italian authorities, who have begun to crack down on the brands. Bulgari, Prada, Safilo, Marzotto and Luxottica all have settled with the authorities over tax disputes, rather than go to trial.

WWD quotes an Italian legal source as saying, “Twenty years ago, it was extremely common for Italian fashion groups to create subsidiaries abroad for a more favorable tax rate,” and that the Italian law allows these practices only if the companies can demonstrate that the subsidiaries are not only operative, but also feature an autonomous strategic management and an effective board of directors. He continued to state that, “In the last five years, the tax agency has tightened the belt, and fashion companies are reorganizing to avoid any agency’s audit, which can seriously damage their image.”

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