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Dolce & Gabbana’s chief executive officer has stated that the Italian fashion brand is prepared to explore listing or other methods of raising finance.
According to an interview that appeared on Monday in Corriere della Sera’s weekly supplement L’Economia, CEO Alfonso Dolce said, “We are now ready to consider opening our capital to third parties through a listing or other financial instruments.”
Finance should “not compromise the ethical value of our company’s respectful growth,” stated Dolce, brother of Domenico, who established and heads the group with Stefano Gabbana.
Although the CEO did not explicitly say it was not a priority, he did not rule out going public in May.
Dolce&Gabbana noted that he planned to continue the increase in Dolce&Gabbana’s revenue from the previous fiscal year, which ended in March, which was up 17% to 1.871 billion euros ($2.04 billion).
The fashion brand will launch twelve new stores across the United States. One of these will be at 695 Madison Avenue, New York, which was formerly Hermes and boasts almost 2,000 square meters spread across five stories.
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