THE WHAT? Fresh from its release from the Shiseido portfolio, Dolce & Gabbana is taking its cosmetics and fragrance business in house, according to a report published by Reuters quoting Corriere della Sera.
THE DETAILS The new unit will employ some 130 to 150 people in Italy by spring 2023 and will be overseen by Gianluca Toniolo. The goal is to double D&G’s market share in the fragrance sector, shore up its standing in the make-up segment and launch into the skin care arena.
THE WHY? CEO Alfonso Dolce told the Italian newspaper’s Economia supplement that the billion-dollar business would be directly managed by the Italian fashion house as part of a long-term strategy that ‘sees us committed to consolidating, cultivating and promoting Italian artisanal and manufacturing excellence’.