Giorgio Armani settles 270m euro tax dispute with Italy

Models present a creation from the Giorgio Armani Autumn/Winter 2014 collection during Milan Fashion Week, 24 February

Related Stories

The fashion house Giorgio Armani has paid 270m euros (£222m; $374m) to the Italian authorities to settle a tax bill.

A company spokesman confirmed reports that the payment concerned the group's subsidiaries abroad but declined to comment further.

Last year the designers Domenico Dolce and Stefano Gabbana were convicted of concealing millions of euros in tax.

They have appealed against a 20-month jail sentence.

All tax claims against Armani, which saw sales rise to more than 2bn euros in 2012 according to Reuters news agency, are now closed, the Italian newspaper Il Sole 24 Ore reports.

More on This Story

Related Stories

More Europe stories


Features & Analysis

Elsewhere on the BBC


  • Former al-Qaeda double agent Aimen DeanHARDtalk Watch

    Islamic State is about revenge says former al-Qaeda member turned spy Aimen Dean

Try our new site and tell us what you think. Learn more
Take me there

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.