Dolce & Gabbana looks beyond fashion to safeguard independence

Quick Summary:

Dolce & Gabbana bets on beauty for independence, eyeing €1 billion in sales by 2027 as it expands beyond fashion into real estate and hospitality.

Still, Dolce insists his firm can thrive as an independent.“If the macroeconomic environment deteriorates further, we have our own properties, our warehouses and we can always cut ad spending, which is twice as high as our peers,” he said.

The 2022 Russian invasion of Ukraine shaved off more than €100 million from the top line, while sales to Chinese customers tumbled as the country’s economy dipped and consumer tastes shifted.

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Article Details

Author / Journalist: Antonio Vanuzzo, Luca Casiraghi, Flavia Rotondi, Bloomberg

Category: EconomyBusiness

Markets: United StatesUkraine

Topics: LondonWires Italy Luxury Beauty Fashion Russia

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-18 @ 09:57:11 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 640 words

Reading Time: 4 minutes read

Sentences: 4 lines

Sentence Length: 160 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27145659

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Official Website: fortune.com

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