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At Dolce & Gabbana<\/strong>, the perfumes and cosmetics activities will be internalized. This decision is a first for an Italian luxury group. “We are thinking about a business model that could include links and partnerships with our producers<\/em>,” Dolce<\/strong> told the financial weekly L’Economia of Corriere della Sera<\/strong><\/em>.<\/p>\n <\/p>\n The licensing agreement with Japanese cosmetics giant Shiseido<\/strong> ended in December. For the group, this initiative is part of a “long-term strategy that commits us to consolidate, cultivate and promote the excellence of Italian craftsmanship and manufacturing<\/em>“, adds Mr.Dolce.<\/p>\n <\/p>\n The new company will start with a capital of between 200 and 250 million euros<\/strong>, thanks to self-financing and the “support of the banking system<\/em>“, says Dolce. It will employ between 130 and 150 people in Italy by March 2023 and another 100 to 120 abroad.<\/p>\n <\/p>\n Dolce will be the president and former LVMH executive Gianluca Toniolo<\/strong> will be the CEO. The latter told L’Economia that the retail value of<\/strong> Dolce&Gabbana’s beauty business is just over \u20ac1 billion<\/strong>, with fragrances accounting for the majority, adding that the new company’s goal will be to “double or even triple<\/em>” its market share in the fragrance sector, strengthen its position in makeup and develop skin care products, which the group does not yet have.<\/strong><\/p>\n <\/p>\n <\/p>\n Read also >\u00a0AFTER MONCLER, DOLCE & GABBANA ALSO SAYS GOODBYE TO ANIMAL FUR<\/a><\/p>\n <\/p>\n Featured photo : \u00a9 The LDN Diaries[\/vc_column_text][\/vc_column][\/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]<\/p>\n <\/p>\n <\/p>\n At Dolce & Gabbana<\/strong>, the perfumes and cosmetics activities will be internalized. This decision is a first for an Italian luxury group. “We are thinking about a business model that could include links and partnerships with our producers<\/em>,” Dolce<\/strong> told the financial weekly L’Economia of Corriere della Sera<\/strong><\/em>.<\/p>\n <\/p>\n […][\/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…<\/p>\n<\/h4>\n
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The Italian luxury group Dolce&Gabbana has created a new company to directly manage the development, production and sale of its perfumes and cosmetics.<\/h4>\n