Tuesday, November 6, 2012

Castle seized in tax probe


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The Financial Times is reporting that this is the castle that was seized in Italy in a tax probe
involving the €5.3bn sale of fashion houses Hugo Boss and Valentino in 2007.
Police said on Monday they had confiscated real estate, including the 15th century castle, land and corporate holdings of 13 people "linked to one of Italy's most important families in the fashion and textile sector".
The probe is apparently linked to the Marzotto family, which sold Valentino Fashion Group - then including both the Valentino label and Hugo Boss - to private finance group Permira in 2007.
-The Telegraph

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