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Belgian Fashion Designer Dries Van Noten to Step Down at the End of June 

Belgian fashion designer Dries Van Noten accepts applause after his Fall/Winter 2024-2025 ready-to-wear collection presented Wednesday, Feb. 28, 2024 in Paris. (AP)
Belgian fashion designer Dries Van Noten accepts applause after his Fall/Winter 2024-2025 ready-to-wear collection presented Wednesday, Feb. 28, 2024 in Paris. (AP)
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Belgian Fashion Designer Dries Van Noten to Step Down at the End of June 

Belgian fashion designer Dries Van Noten accepts applause after his Fall/Winter 2024-2025 ready-to-wear collection presented Wednesday, Feb. 28, 2024 in Paris. (AP)
Belgian fashion designer Dries Van Noten accepts applause after his Fall/Winter 2024-2025 ready-to-wear collection presented Wednesday, Feb. 28, 2024 in Paris. (AP)

Belgian fashion designer Dries Van Noten says he will step down from his namesake brand at the end of June.

Van Noten said in a statement Tuesday that the 2025 men’s Spring-Summer collection will be the last in his current role. He added that the women’s collection will be designed by his studio.

Van Noten’s successor will be announced at a later stage, he said.

“I have been preparing for this moment for a while, and I feel it’s time to leave room for a new generation of talents to bring their vision to the brand,” Van Noten said.

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Fashion

Dolce&Gabbana CEO Ready to Open Capital to New Investors

The logo of Italian designers Dolce & Gabbana is seen at a branch office at Bahnhofstrasse shopping street in Zurich, Switzerland September 9, 2020. REUTERS/Arnd Wiegmann
The logo of Italian designers Dolce & Gabbana is seen at a branch office at Bahnhofstrasse shopping street in Zurich, Switzerland September 9, 2020. REUTERS/Arnd Wiegmann
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Dolce&Gabbana CEO Ready to Open Capital to New Investors

The logo of Italian designers Dolce & Gabbana is seen at a branch office at Bahnhofstrasse shopping street in Zurich, Switzerland September 9, 2020. REUTERS/Arnd Wiegmann
The logo of Italian designers Dolce & Gabbana is seen at a branch office at Bahnhofstrasse shopping street in Zurich, Switzerland September 9, 2020. REUTERS/Arnd Wiegmann

Dolce&Gabbana is ready to consider opening up its capital to new investors either through a listing or other routes, the Italian fashion house's CEO said.
"We are now ready to consider opening our capital to third parties through a listing or other financial instruments," CEO Alfonso Dolce said in an interview published on Monday in Corriere della Sera's L'Economia weekly supplement.
The financing must "not compromise the ethical value of our company, its respectful growth," said Dolce, brother of Domenico, who founded the group and runs it in partnership with Stefano Gabbana, Reuters reported.
In May, the CEO did not rule out a possible future stock market listing, but said the move was not a priority.
Dolce&Gabbana's revenue for the 2023-2024 fiscal year, which ended in March, was up 17% to 1.871 billion euros ($2.04 billion), said Dolce, adding that he hoped to repeat this growth this year.
The fashion house will open 12 new stores in the US, including at 695 Madison Avenue in New York, the former Hermes location, with more than 2,000 square meters over five floors.
"The United States are vital, we already have 72 stores, plus four in Canada, together they represent 28% of our turnover, compared to 16% in China," said Dolce.