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Report: Dolce & Gabbana Founders Have Received Offers For Group

The designers have no plans to sell, according to Italian newspaper reports.

Stefano Gabbana and Domenico Dolce at Milan Men's Fashion Week Fall/Winter 2018/19 | Source: Getty Images

Reuters

14 February 2020

MILAN, Italy — Italy's Dolce & Gabbana founder Stefano Gabbana said on Friday he had received proposals to buy the group but had no intention to sell.

The unlisted group is one of the ten largest fashion groups in Italy by revenues and had sales of €1.38 billion ($1.49 billion) in the year ended March 2019, according to a filing to Italy's Chamber of Commerce seen by Reuters.

"We carried out the negotiations since we wanted to understand how our work was valued both economically and ethically," Gabbana, who founded the fashion house together with Domenico Dolce, told Italian newspaper Il Messaggero.

"But we have no intention to sell."

By Gianluca Semeraro; editor: Stephen Jewkes.

In This Article

Topics

Luxury

Organisations

Dolce & Gabbana

Location

Milan, Italy

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