The fact that? Dolce & Gabbana has assured 150 million euros in new financing to accelerate growth in its beauty division, indicating a strategic pivot in the midst of luxury market changes.
The details The Italian fashion house confirmed that it has reached an agreement with banks to obtain additional debt funds, partial guaranteed by the credit insurer backed by Italy Sace Spa. The new financing will support the expansion both in beauty and property, while refinancing existing loans, originally with a value of 400 million euros. The discussions with the lenders had been lighting as the diversity of Dolce & Gabbana Eyes. The company expects the income of its beauty products to increase in 20% for the fiscal year that ends in March 2025.
Why? With the luxury fashion demand and colleagues who pursue consolidation, Dolce & Gabbana is betting on beauty to boost future growth and preserve its independence. The brand sees cosmetics and fragrance as a high resistant margin category in an evolving luxury landscape.
