Dolce & Gabbana eyes stock market listing

Italian luxury group Dolce & Gabbana is
considering bringing in outside shareholders and could seek a stock market
listing, its chief executive Alfonso Dolce said Monday.

“We are now ready to consider opening our capital to third parties through
a quotation or via other financial instruments,” he said in an interview with
daily Corriere della Sera.

However, such an opening should be done without “compromising the ethical
value of our company, its respectful growth,” said Alfonso, brother of
Domenico Dolce, co-founder of the brand along with Stefano Gabbana.

The closely held family company presented its collections for the first
time in Milan some 40 years ago.

Sales in its fiscal year ending March rose 17 percent to 1.9 billion euros
(2.1 billion dollars), and the chief executive said he expects a similar rate of
growth this year.
In the following 18 months, the Italian brand plans to open 12 new stores
in the United States, where it already has 72.

North America is “vital” for D & G because it represents 28 percent of
revenue, compared with 16 percent for China, Dolce said.(AFP)