Dolce&Gabbana reports 13% turnover increase in 2015
According to preliminary figures at 31 March 2016, Dolce&Gabbana’s turnover amounted to 1.19 billion Euros (+ 13%), with a net debt estimated at 160 million, compared to the previous 233 million . There are no updates on EBITDA (12% of revenues in the prior year) and EBIT, which stood at 6%.
For Il Sole 24 Ore Domenico Dolce and Stefano Gabbana expressed their optimism, “despite the difficult global context.” “When we started – they point out – there was the invasion of Kuwait and the Gulf War and it seemed that the world would collapse on us. Faced with wars, the new socio-political and financial perspective, the only way is to work with sacrifice and respect for the consumer. ” “The money is not our primary concern: ´just think of the almost 390 million of revenues that we lost with the closure of the D & G collection. All are obsessed by money and success but, in our opinion, we should return to talk of beautiful dresses and understand that really what customers want. “
“Our greatest fortune – he concludes – is to be independent, free to decide what we want to do, including haute couture and high fashion.” Despite being “courted” by many over the years they have said no to all. “Now we have no one pressuring us to get results”