Dolce&Gabbana is contemplating opening its capital to new investors through a listing or other financial avenues, according to CEO Alfonso Dolce. “We are now ready to consider opening our capital to third parties through a listing or other financial instruments,” Dolce stated in an interview with Corriere della Sera’s L’Economia. However, the financing must “not compromise the ethical value of our company, its respectful growth.”
In May, the CEO hinted at a possible future stock market listing but emphasized it was not a priority. For the fiscal year 2023-2024, Dolce&Gabbana reported a 17% revenue increase, reaching €1.871 billion ($2.04 billion), with hopes to maintain this growth.
The fashion house plans to open 12 new stores in the U.S., including a significant location on Madison Avenue in New York. “The United States are vital, with 72 stores already, plus four in Canada, contributing 28% of our turnover, compared to 16% in China,” Dolce noted.