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Dolce & Gabbana is not discussing a possible merger with Kering, the Italian fashion group’s chief executive said in a press interview published on Tuesday.
Dolce & Gabbana is not discussing a possible tie-up with Kering, the Italian fashion group’s chief executive said in a press interview published on Tuesday.
“I can absolutely deny it,” said Alfonso Dolce, when asked about a marriage with the owner of Gucci.
However, he did not rule out the possibility of his group taking part in a “wider Italian project” bringing together several brands.
Recall that in 2019, in Milan, designers Domenico Dolce and Stefano Gabbana, indicated in an interview that they wanted the Dolce family to run their Dolce&Gabbana brand after their departure.
This announcement followed an interview given in April 2018 to the daily Il Corriere della Sera in which Stefano Gabbana had clearly ruled out any continuation of the company’s activities after the death of the two designers: “Once we are dead, we are dead. I don’t want a Japanese designer to start designing Dolce & Gabbana,” he said.
The design duo changed their minds in autumn 2019, when members of the Dolce family met to discuss the future of the company.
“We would like to give the family our jobs”, Stefano Gabbana, one of the founders of D&G with Domenico Dolce since 1985, had told Vogue Business in December 2019.
It should also be remembered that the Dolce family is already heavily involved in the company. Domenico’s parents moved to Milan from Sicily to help the duo launch the brand.
Domenico Dolce’s brother Alfonso, 54, is D&G’s managing director, while his sister Dora, 64, is in charge of research and development for ready-to-wear.
Nephews and nieces also work in the company, such as Giuseppina Cannizzaro, who is in charge of haute couture, and her brother Christian, who is in charge of shoes and accessories.
Domenico Dolce, 61, and Stefano Gabbana, 57, each own 40% of D&G, with the rest in the hands of the Dolce family, via Alfonso and Dora.
The company employs 5,500 people worldwide and recorded a 4.6% increase in sales to €1.35 billion in the 2018/2019 fiscal year.
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