THE WHAT? Dolce & Gabbana Beauty expects to maintain double-digit growth in 2026 after exceeding €1 billion in wholesale revenues in 2025, supported by international expansion and investment in fragrance, make-up and skincare.
THE DETAILS The beauty division recorded 14% wholesale revenue growth in 2025, more than tripling sales since bringing operations in-house in 2022. CEO Gianluca Toniolo confirmed that the business also achieved a double-digit operating profit. The company plans to strengthen its fragrance portfolio, expand make-up distribution and introduce a complete skincare range. The Americas account for approximately 55% of revenues, followed by Europe at around 40%, while Asia represents just over 6%. Dolce & Gabbana Beauty also aims to establish between 50 and 70 standalone boutiques worldwide over the next three years, targeting the Middle East, India, Brazil, Mexico and the United States.
THE WHY? The expansion demonstrates the commercial benefits of bringing beauty operations in-house rather than relying on licensing agreements. By diversifying beyond fragrance into make-up and skincare while developing its own retail network, Dolce & Gabbana is strengthening its position in the global prestige beauty market and gaining greater control over distribution and brand development.
Source: Reuters
