Dolce & Gabbana Say Tax Woes May Force Them To Close

2013 hasn’t been very kind to Dolce & Gabbana.

In April, the Italian fashion duo,Dominico Dolce and Stefano Gabbana,were fined 343.3 million euros ($439.70 million U.S.) as restitution for allegations of evading taxes by selling their brand to a Luxembourg-based holding company that they controlled. In addition to the fines, the two were charged criminally on charges related to the same allegations.

Dolce and Gabbana fought back with their own public statement. Last weekend, Dolce & Gabbana closed up shop in Milan – every single one of their shops, cafes and other branded businesses shut down for three days.

Domenico Dolce knows exactly what the two will do. He said: “We will close. What do you want us to do? We will close. We will not be able to deal with it. (It’s) Impossible.”

Source: Forbes