link.png Karl Lagerfeld caught up in tax evasion scandal← Back

 
One of the luxury fashion industry’s most respected figures could be in trouble. News has surfaced that Karl Lagerfeld is allegedly facing tax evasion charges. An article published in French newspaper L’Express suggested that the luxury fashion designer has omitted declaring over 20 million euros to tax officials.
 
Known across the world for his signature monochrome style, typically finished off with a pair of black sunglasses, Lagerfeld has had an incredibly prolific career in fashion, and is currently the creative director at Chanel, Fendi as well as his own eponymous label. He is also an enthusiastic photographer, regularly shooting advertising campaigns as well as magazine editorials. He recently earned the Oustanding Achievement Award at the British Fashion Awards, for his contributions to the fashion industry throughout his career. 
 
 
According to the report by the French newspaper, Lagerfeld managed to conceal earnings through multiple business transactions. Lagerfeld’s 7L bookshop located in Paris is particularly in the spotlight, since the bookshop also houses a photo studio, which is held by a British owned company. Foreign financial activity would allegedly have allowed the designer to evade tax. L’Express also suggested that a tax adjustment made in the late nineties is being investigated, as well as property investment.
 
These allegations haven’t been confirmed by French tax officials nor by Lagerfeld’s spokesmen.
This wouldn’t be the first time a designer has been embroiled in such allegations – in 2014 Italian design duo Domenico Dolce and Stefano Gabbana were sentenced to prison for tax evasion, a sentence that was they were then cleared of in a later court ruling. More recently, British designer Vivienne Westwood was also accused of tax evasion in March this year, a charge that she strongly denied.  
 
In Lagerfeld’s case, with these accusations still hot off the press, we’ll have to wait and see to find out to what extent these claims are actually true.