Dolce & Gabbana profits quadruple over 12 months
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Dolce & Gabbana profits have virtually quadrupled from a year ago. A year ago the Italian luxury fashion house’s profit was €17.93 million (US$21.5 million), while this year the two owners of the group cashed in dividends of €80 million, reports CPP-Luxury.com.
Its consolidated group turnover for last year hit €1.3 billion, compared to €1.18 the previous year, a rise of 9.6 per cent.
The group includes Dolce & Gabbana Holding, Dolce & Gabbana Trademarks, which controls the group’s licences, and Dolce & Gabbana.
Retail business has risen 7.1 per cent to €769 million, while the wholesale business jumped 8.7 per cent. Only licences dropped, by 9.2 per cent to €61.2 million.
At home in Italy, Dolce & Gabbana has only a 24 per cent market share, compared to 27 per cent in the rest of Europe, 13 per cent in the Americas and 6 per cent in Japan.
Questions & Answers
Q.How much profit did Dolce & Gabbana make this year, and what were the dividends paid out to its owners?
How much profit did Dolce & Gabbana make this year, and what were the dividends paid out to its owners?
The article states that Dolce & Gabbana's profits virtually quadrupled from €17.93 million a year ago. The two owners of the group received dividends of €80 million this year.
Q.What were the main drivers of growth for the group's turnover last year?
What were the main drivers of growth for the group's turnover last year?
Consolidated group turnover rose by 9.6 per cent to €1.3 billion. Retail business increased by 7.1 per cent to €769 million, and wholesale business saw an 8.7 per cent jump.
Q.Which part of Dolce & Gabbana's business experienced a decline, and by how much?
Which part of Dolce & Gabbana's business experienced a decline, and by how much?
The licences segment was the only part of the business that dropped. It declined by 9.2 per cent, bringing its value down to €61.2 million.
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