Dolce and Gabbana Headed to Jail?

Posted by Robin Paulson Categories: Fashion Designers, News,

Looks like fashion designers Domenico Dolce and Stefano Gabbana will soon be trading in their designer duds for some blasé prison jumpsuits.

Prosectors in the Italian creatives' tax evasion case are seeking to have them thrown in jail for not having paid €400 million in taxes, seeking to get them five years in prison between the two of them (I guess tax attorneys are less harsh when it comes to sentencing female singers).

The tax evasion case has been a long time coming, as the pair's accounting habits became suspect with their 2004 sale of their D&G and Dolce & Gabbana brands to holding company Gado, which is based in Luxembourg. Tied to the alleged tax crime was their board member Cristiana Ruella and accountant Luciano Patelli, both of whom have been previously prosecuted (Patelli was sentenced to three years in jail).

While it's disheartening to think that one of fashion's most beloved fashion duos are facing length prison time, one must wonder who will take over the reigns and emerge as the next talent in the industry?

Read More | Huffington Post

Betsey Johnson Files for Bankruptcy

Posted by Andru Edwards Categories: Fashion Designers, News,

Betsey Johnson has filed for bankruptcy.

The designer - who showcased her latest collection at New York Fashion Week in February - used the Chapter 11 US Bankruptcy to file her case and although she will remain creative director of her brand, the majority of its 63 stores and 350 employees will lose their jobs.

"The decision to seek protection under Chapter 11 comes after months of rigorously pursuing alternative restructuring arrangements to address Betsey Johnson LLC's cash-flow problems. After exhausting our resources and possibilities, it became apparent that neither a restructuring arrangement with a new equity investor nor a sale of the business enterprise as a going concern outside of bankruptcy was to be forthcoming. Accordingly, our board made the determination that a Chapter 11 store-closing process will likely be the best way to maximise the value of the company's assets, for the benefit of its creditors," said the company's LLC chief financial officer, Jonathan Friedman.

Click to continue reading Betsey Johnson Files for Bankruptcy

Items Du Jour: Siriano Designs Sponges and Beyonce’s New Look

Posted by Robin Paulson Categories: Celebrities, Fashion Designers, Fashion Shows, Models, News,

-- Freelance model/photographer/retoucher Felice Fawn defends and provides proof of her Facebook conversation with Terry Richardson, which (not surprisingly) perpetuated his sleazy image. A fan of his work, Fawn is still holding out that the person who messaged her was a fraud.

-- American Apparel is supposedly even closer to filing bankruptcy.

-- Male model Eric Zentner -- who appeared in Versace ads, Teen Vogue editorials, and a Katy Perry music video -- was killed in a hit and run accident while he was en route to visit his mother last Saturday. Police are still searching for the suspect.

-- Beyonce was spotted on the set of her latest music video, which features the first single off her new album. In the photos, she wears Roberto Cavalli Pre-Spring 2011 and Fall/Winter 2011. Like her gal pal Gaga, she seems to have again reinvented her look.

Click to continue reading Items Du Jour: Siriano Designs Sponges and Beyonce’s New Look