"Dolce & Gabbana SpA reportedly has been fined for tax evasion. According to today's edition of Italian current affairs weekly L'Espresso, Italian tax authorities have ordered Dolce & Gabbana to pay a fine of 2 million euros, or $3 million at current exchange, for allegedly not declaring sales of stock to distributors via a satellite company. The company in question, Sto.Tex Srl, which is 80 percent owned by the fashion house and which sells company merchandise to distributors according to the article, allegedly resold more than 100,000 items of stock off the books." [WWD]
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