Dolce & Gabbana has reportedly raised €150 million in new funding to accelerate the growth of its beauty division.
The Italian luxury fashion house is said to have obtained the capital through a private bond placement, with backing from investors including Milan-based fund Algebris, according to Bloomberg.
The funds are expected to support both the brand’s beauty division and its broader lifestyle and real estate ventures.
This investment aligns with Dolce & Gabbana’s strategic shift towards in-house development of its beauty products.
In 2022, the company ended its licensing agreement with Shiseido and brought the development, manufacturing, and operations of its Beauty Division under direct control at its Milan headquarters.
This move marked the first time in its history that the company managed these aspects internally.
As previously reported by Cosmetics Business, Dolce & Gabbana aims to grow the retail value of its Beauty Division from €1bn to €3bn by 2026.
The strategy includes launching new female fragrance pillars, debuting into skin care, and overhauling its make-up offerings to align with the brand’s fashion identity.
The recent funding is expected to further support these initiatives, reinforcing Dolce & Gabbana’s commitment to establishing a strong presence in the beauty sector.
D&G also recently opened a “first-of-its-kind” beauty and accessories hybrid store in the UK to further expand its reach.
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