Dolce & Gabbana (D&G) CEO Alfonso Dolce is thinking about opening up the company’s capital to new investors.
The luxury house is “now ready to consider opening our capital to third parties through a listing or other financial instruments,” Dolce told Italian newspaper Corriere della Sera's L'Economia weekly supplement.
He added that the financing must "not compromise the ethical value of our company, its respectful growth”.
D&G’s revenue for fiscal year 2023-2024 was up by 17%, reaching €1.8bn.
Dolce is hoping to repeat this growth this year, especially in America, where 12 new D&G stores are expected to open.
“The US is vital,” Dolce told L'Economia on 22 July. “We already have 72 stores, plus four in Canada, together they represent 28% of our turnover, compared to 16% in China."
Turning D&G’s beauty division into a €3bn machine is also part of the plan.
This has included a complete overhaul of its cosmetics offering, with the new Boundless Beauty Makeup Collection having debuted this month.
D&G has invested in new fragrance pillars, including its first gourmand scent, and launched dedicated beauty spaces within existing boutiques to further fuel growth.
Breaking into the skin care category is also on the cards for 2025.
D&G brought its beauty business back in-house two years ago, ending its six-year licensing agreement with Japanese beauty group Shiseido.
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