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Dolce & Gabbana CEO Could Look at IPO in Future, Priority Now Is a Stronger Business

Models present creations for Dolce & Gabbana Fall/Winter 2024/25 men's collection in Milan, Italy January 13, 2024. (Reuters)
Models present creations for Dolce & Gabbana Fall/Winter 2024/25 men's collection in Milan, Italy January 13, 2024. (Reuters)
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Dolce & Gabbana CEO Could Look at IPO in Future, Priority Now Is a Stronger Business

Models present creations for Dolce & Gabbana Fall/Winter 2024/25 men's collection in Milan, Italy January 13, 2024. (Reuters)
Models present creations for Dolce & Gabbana Fall/Winter 2024/25 men's collection in Milan, Italy January 13, 2024. (Reuters)

Dolce & Gabbana is not ready for an initial public offering but is prepared to consider it in the future, the Italian luxury group's chief executive said on Monday.

"We are open to looking at (a listing) but before that we want to consolidate our business," CEO Alfonso Dolce said, answering a question at the Milano Fashion Global Summit 2024.

"We have the social responsibility of so many families," he added, referring to the group's employees, and of those working in companies that supply it.

In July, Dolce had said the fashion company was ready to assess opening up its capital to new investors either through a listing or other routes, in an interview published Corriere della Sera's L'Economia weekly supplement.

Domenico Dolce and Stefano Gabbana founded the company in 1985 and they are still in charge of creative direction.

They have no direct heirs. Alfonso and Domenico Dolce are brothers.

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Fashion

Hermes to Hike US Prices to Offset Tariff Impact

FILED - 22 October 2020, Hamburg: The Hermes brand logo, can be seen at a Douglas store on Jungfernstieg. French luxury fashion brand on Thursday reported a rise in revenue for the first quarter, helped by growth across all geographical areas. Photo: Daniel Reinhardt/dpa
FILED - 22 October 2020, Hamburg: The Hermes brand logo, can be seen at a Douglas store on Jungfernstieg. French luxury fashion brand on Thursday reported a rise in revenue for the first quarter, helped by growth across all geographical areas. Photo: Daniel Reinhardt/dpa
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Hermes to Hike US Prices to Offset Tariff Impact

FILED - 22 October 2020, Hamburg: The Hermes brand logo, can be seen at a Douglas store on Jungfernstieg. French luxury fashion brand on Thursday reported a rise in revenue for the first quarter, helped by growth across all geographical areas. Photo: Daniel Reinhardt/dpa
FILED - 22 October 2020, Hamburg: The Hermes brand logo, can be seen at a Douglas store on Jungfernstieg. French luxury fashion brand on Thursday reported a rise in revenue for the first quarter, helped by growth across all geographical areas. Photo: Daniel Reinhardt/dpa

French luxury group Hermes said Thursday it would hike its prices in the United States to offset the impact of 10-percent import tariffs imposed by President Donald Trump.

Famous for its Birkin handbag, silk scarves and leather goods, the increases would take effect on May 1, said the group's finance chief, Eric Halgouet.

Halgouet did not say by how much prices would be raised, but he said the move would "fully offset" the tariffs impact, AFP reported.

"It will be a complementary price increase that we are currently finalizing, but which will allow us to neutralize this impact," he told reporters during a quarterly earnings presentation.

Hermes, also known for the "H" logo on its belts and other goods, usually raises prices once a year and had already announced worldwide increase of between six and seven percent earlier in 2025.

Hermes overtook French rival LVMH as the world's most valuable luxury group this week after the share price of the Louis Vuitton maker sank on disappointing earnings.

Hermes posted global sales of 4.1 billion euros ($4.7 billion) in the first quarter of 2025, an 8.5 percent increase from the same period last year.

Sales in the Americas region jumped 13.3 percent to 695 million euros, with double-digit growth in the United States, Canada, Mexico and Brazil, Halgouet said.

US sales were disrupted by wildfires in Los Angeles, which forced the closure of two shops for several days, and snow storms in other states.

Trump imposed a 10 percent tariff on imports from around the world this month, but he delayed higher duties on dozens of other countries, including a 20 percent levy for goods from the European Union.