Italy's highest court, the Corte di Cassazione, found fashion designers Domenico Dolce and Stefano Gabbana not guilty of tax evasion charges on Friday.
The new sentence will overturn the sentences of two lower courts, where Dolce and Gabbana had previously been tried. In April, Dolce and Gabbana were given a suspended 18-month jail sentence, and the investigation into the pair's business practices was sparked by a fraud investigation in 2009.
After deliberating for three hours, the jury found Dolce and Gabbana, as well as several other employees of the company, not guilty.
"I am very satisfied," Massimo Dinoia, the designers' lawyer, told WWD. "We have been saying that they were innocent for the past seven years. Nobody can take back the negative publicity they received over these seven years, but we knew we were in the right all along."