MILAN May 16 Members of Italy's Marzotto family
and board members at the eponymous fashion and textile group
have made a 56 million euro ($72 million) tax payment after an
investigation by Italian prosecutors.
The investigation of 13 people alleged to have evaded about
72 million euros of tax related to the the Marzotto group's 5.3
billion euro sale of fashion houses Hugo Boss and
Valentino in 2007 was concluded last month.
The tax payment was confirmed by Piero Longo, lawyer for
some of the Marzotto family members, on Thursday and could pave
the way for criminal proceedings to be dropped.
Marzotto sold Valentino Fashion Group - then including both
the Valentino label and Hugo Boss - to private finance group
Permira in 2007.
The Marzotto family was not immediately available for
($1 = 0.7775 euros)
(Reporting By Manuela d'Alessandro, writing by Stephen Jewkes;
Editing by David Goodman)