MILAN — Dolce & Gabbana is zeroing in on India, with the opening of two boutiques in New Delhi by the end of the year as part of an ongoing expansion strategy in emerging markets.
At the same time, the company said Friday it expects to have earnings before taxes, interest and depreciation and earnings before interest and taxes of 304 million and 229.1 million euros, respectively, or $405.5 million and $305.5 million, for the fiscal year ending March 31. Revenues will total 1.05 billion euros, or $1.4 billion at current exchange rates, a 30 percent increase from the previous year.
Wholesale revenues are estimated at 1.31 billion euros, or $1.74 billion. The in-house production of the D&G diffusion line last year helped boost the company’s sales over the 1 billion euro, or $1.3 billion, mark. The spring collection was the first to be entirely produced and distributed in-house since Dolce & Gabbana ended its 12-year licensing pact with IT Holding.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)