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06 February 2022, Mumbai:
Italian luxury group Dolce&Gabbana has set up a new company to directly manage the development, production and sale of its perfumes and cosmetics, Chief Executive Alfonso Dolce said on Monday.
The move to bring in-house a multi-million business, which is key for many fashion houses but often managed through licensing, is the first by an Italian luxury group.
"We are thinking of a business model which could see tie-ups and partnerships with our producers," Dolce told Corriere della Sera's L'Economia financial weekly.
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*Figures mentioned in the above article have been sourced from REUTERS article.
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