The company is leveraging its distinct identity and direct control over beauty operations to reinforce its independence.
ITALY – Dolce & Gabbana, an Italian luxury fashion house, has obtained €150 million(USD 171.09 million) in financing, marking a major step in its expansion efforts within the beauty industry.
The brand obtained the funding through a private bond placement, backed by investors including Milan-based fund Algebris.
This financial boost is expected to accelerate the growth of its Beauty Division, as well as support broader lifestyle and retail ventures.
The move follows the brand’s strategic overhaul of its beauty operations.
Dolce & Gabbana ended its licensing agreement with Japanese cosmetics giant Shiseido in 2022, taking complete control of its Beauty Division from development to distribution.
This transition has allowed the company to directly oversee its fragrance, skincare, and makeup offerings, positioning the brand to compete more aggressively in the high-end beauty market.
Dolce & Gabbana is aiming to triple the retail value of its Beauty Division, targeting growth from €1 billion(USD 1.14 billion) to €3 billion(USD 3.42 billion) by 2026.
To achieve this milestone, the company plans to focus on initiatives that include the launch of new fragrance pillars, entry into the skincare market, and an updated makeup range designed to reflect its signature fashion aesthetic.
The financing package includes additional debt funding, partially guaranteed by Italy’s state-backed credit insurer SACE SpA.
Aside from supporting the brand’s beauty expansion, the funds will be used to refinance existing loans initially valued at €400 million(USD 456.32 million).
Dolce & Gabbana projects that revenue from its beauty products will increase by more than 20% for the fiscal year ending March 2025, highlighting the resilience of luxury cosmetics and fragrances in an evolving market.
As luxury brands navigate shifting consumer trends, Dolce & Gabbana is betting on its beauty segment to drive future growth.
With the fashion sector facing headwinds and competitors moving toward consolidation, the company is leveraging its distinct identity and direct control over beauty operations to reinforce its independence.
Recently, Dolce & Gabbana expanded its physical retail presence with the launch of a beauty and accessories store in the UK at London’s Covent Garden,
This launch marks the company’s first-of-its-kind retail concept for the luxury fashion house.
The 850-square-foot store seamlessly integrates the brand’s cosmetics, fragrances, and eyewear collections under one roof, offering a curated shopping experience alongside a dedicated makeup consultation area.
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