2024-07-23 21:58:58
The luxury fashion house Dolce & Gabbana wants to open up to new investors. The target group is also set to change.
Almost 40 years after its founding, the Italian fashion house Dolce & Gabbana is considering bringing in new investors, according to its boss. “We are now ready to open up our capital to third parties through a stock exchange listing or other financial instruments,” said Alfonso Dolce, brother of co-founder Domenico Dolce, in an interview with the newspaper “Corriere della Sera” published on Monday.
However, this step should not endanger the “ethical value” of the company and its “respectful growth”, stressed Alfonso Dolce. His brother Domenico Dolce and Stefano Gabbana founded the fashion house in Milan in 1985 and are both CEOs today.
In the 2023/2024 financial year, sales rose by 17 percent year-on-year to just under 1.9 billion euros. “This is a rhythm that we want to repeat next year,” Alfonso Dolce told the newspaper. In the next 18 months, the opening of twelve more stores in the USA is planned – there are already 72 there. The USA is “vital” for D & G, according to Dolce, the company generates 28 percent of its sales there and in Canada. In China, the figure is 16 percent.
Dolce also told the newspaper that D&G wanted to pay less attention to “the new, young walk-in clientele” in the future – but rather to “the more mature, yet young-at-heart consumer” who “feels attracted by the quality of the product and its ethical dimension”.