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By
Reuters API
Published
Feb 15, 2020
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Dolce & Gabbana founders have received offers but have no plans to sell - paper

By
Reuters API
Published
Feb 15, 2020

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".
 

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