Dolce & Gabbana Secures €150 Million to Fuel Beauty Business Growth
Dolce & Gabbana has secured €150 million in new financing to accelerate growth in its beauty division, signaling a strategic pivot amid luxury market shifts. The post Dolce & Gabbana Secures €150 Million to Fuel Beauty Business Growth appeared first on Global Cosmetics News.
THE WHAT? Dolce & Gabbana has secured €150 million in new financing to accelerate growth in its beauty division, signaling a strategic pivot amid luxury market shifts.
THE DETAILS The Italian fashion house confirmed it has reached a deal with banks for additional debt funding, partially guaranteed by Italy’s state-backed credit insurer SACE SpA. The new financing will support expansion in both beauty and property, while also refinancing existing loans, originally worth €400 million. Discussions with lenders had been ongoing as Dolce & Gabbana eyes diversification. The company expects revenue from its beauty products to rise over 20% for the fiscal year ending March 2025.
THE WHY? With luxury fashion demand softening and peers pursuing consolidation, Dolce & Gabbana is betting on beauty to drive future growth and preserve its independence. The brand sees cosmetics and fragrance as a resilient, high-margin category in an evolving luxury landscape.
Source: Bloomberg
The post Dolce & Gabbana Secures €150 Million to Fuel Beauty Business Growth appeared first on Global Cosmetics News.
