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Dolce&Gabbana, the famed Italian fashion house, is considering opening up its capital to new investors.
Dolce&Gabbana, the iconic Italian fashion house, is contemplating opening its capital to new investors, considering options such as a stock market listing or other financial routes.
CEO Alfonso Dolce disclosed this strategic move in an interview with Corriere della Sera’s L’Economia weekly supplement.
“We are now ready to consider opening our capital to third parties through a listing or other financial instruments,” stated Dolce.
He emphasized that financing must align with the company’s ethical values and support respectful growth. Alfonso Dolce, the brother of co-founder Domenico Dolce, manages the fashion house alongside Stefano Gabbana.
Alfonso Dolce mentioned the possibility of a stock market listing in May but noted that it was not an immediate priority. The recent statement indicates a shift towards actively exploring investment opportunities.
For the fiscal year 2023-2024, which ended in March, Dolce&Gabbana reported a 17% increase in revenue, reaching 1.871 billion euros ($2.04 billion). Dolce expressed optimism about maintaining this growth trajectory in the current year.
The fashion house plans to open 12 new stores in the U.S., including a flagship location at 695 Madison Avenue in New York, formerly occupied by Hermes. The flagship location will cover over 2,000 square meters across five floors.
“The United States is vital. We already have 72 stores, plus four in Canada. Together, they represent 28% of our turnover, compared to 16% in China,” said Dolce. This expansion underscores the brand’s focus on the North American market as a critical component of its growth strategy.
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