Dolce & Gabbana founders have received offers but have no plans to sell - paper

Reuters API
today Feb 14, 2020
Download the article
Click here to print
Text size
aA+ aA-

Italy's Dolce & Gabbana founder Stefano Gabbana said on Friday he had received proposals to buy the group but had no intention to sell.

Dolce & Gabbana - Spring-Summer2020 - Womenswear - Milan - © PixelFormula

The unlisted group is one of the ten largest fashion groups in Italy by revenues and had sales of 1.38 billion euros (£1.2 billion) in the year ended March 2019, according to a filing to Italy's Chamber of Commerce seen by Reuters.

"We carried out the negotiations since we wanted to understand how our work was valued both economically and ethically," Gabbana, who founded the fashion house together with Domenico Dolce, told Italian newspaper Il Messaggero.

"But we have no intention to sell".

© Thomson Reuters 2020 All rights reserved.