D&G sales expected to stagnate

Monday, 12 November 2012
Dolce & Gabbana's financial estimate for 2012 is likely to stagnate at 1.1 billion euro, due to the closure of its D&G line. The company maintains cash reserves of 400 million euro.

Dolce & Gabbana will expand their global presence 2013, opening mono-brand stores in Canada, Mexico, Brazil and Chile. The company's expansion in Brazil includes two new stores.

The company is focusing on a more luxury positioning for its label as well as craftsmanship and Made in Italy.

D&G showed its last collection during Milan Fashion Week in September 2011. It's aesthetic as the younger sister label to Dolce & Gabbana always appeared to be aimed at a woman with the taste of a cheerleader and the bank balance of a CEO, noted the Guardian.