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Tuesday 23 September 2014

Dolce and Gabbana threaten to pull multi-million dollar advertising with Condé Nast if tax story is published

Freya Drohan

Published 05/08/2014 | 11:43

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NEW YORK, NY - MAY 06: Designer Stefano Gabbana (L) and designer Domenico Dolce attend the Costume Institute Gala for the "PUNK: Chaos to Couture" exhibition at the Metropolitan Museum of Art on May 6, 2013 in New York City.  (Photo by Jamie McCarthy/Getty Images for The Huffington Post)
NEW YORK, NY - MAY 06: Designer Stefano Gabbana (L) and designer Domenico Dolce attend the Costume Institute Gala for the "PUNK: Chaos to Couture" exhibition at the Metropolitan Museum of Art on May 6, 2013 in New York City. (Photo by Jamie McCarthy/Getty Images for The Huffington Post)

The designers’ court battle is the subject of an upcoming Vanity Fair feature, which they are not happy about.

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The Italian designers were found guilty of tax fraud on $1 billion (€746 million) in earnings last year and were fined $470 million (€350 million) plus sentenced to 18 months in jail.

It is believed that American magazine Vanity Fair is planning to publish a story on the company’s legal battle (they are currently appealing the court’s decision.)

As Vanity Fair is a Condé Nast publication, Domenico Dolce and Stefano Gabbana called the media giant’s artistic director, Anna Wintour, who is also Editor-in-Chief of Vogue, to stop the story running.

According to Page Six, the gossip site of The New York Post, sources have reported that the designers have threatened to pull their advertising at Condé Nast’s titles which include GQ, Allure, Glamour, Lucky and W if the feature is printed.

It is thought that their fashion and beauty advertising deals could be worth up to $20 million (€15 million) between all the titles.

Wintour has always been a patron of the pair, who embody the glamour and sexiness of Italian fashion.

The editrix was in attendance last month at the Alta Moda couture show on the island of Capri, along with Hamish Bowles, editor-at-large of American Vogue.

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