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FASHION NEWS: GIORGIO ARMANI SETTLES 270 MILLION EURO TAX DISPUTE
The Giorgio Armani Group has consented to paying a total of $373M USD or €270M (calculated at current exchange rates) to the Agenzia delle Entrate, Italy’s revenue agency. The mammoth amounts extracted from Armani has the group joining Dolce & Gabbana, Prada, and Bulgari, who have all settled cases with the Italian taxman recently. In...