Key facts
- Dolce & Gabbana beauty unit expects double-digit growth in 2026.
- Wholesale revenues surpassed €1 billion last year.
- Wholesale revenues more than tripled from 2022 levels.
- The Americas account for 55% of total revenue, with the US as the largest market.
- The company plans to expand its standalone beauty boutiques to 50-70 worldwide in three years.
Dolce & Gabbana's beauty business is projected to maintain double-digit growth in 2026, according to CEO Gianluca Toniolo in an interview with Il Sole 24 Ore. Last year, the unit's wholesale revenues exceeded €1 billion, more than tripling from 2022 levels and increasing 14% year-on-year, while also delivering a double-digit operating profit. The company, which brought its beauty operations in-house in 2022, plans its most extensive international expansion to date. This includes strengthening fragrance franchises, broadening makeup distribution, and launching a full skincare range. The Americas currently account for 55% of total revenue, with the United States being the largest market, while Europe contributes 40% and Asia, though smaller at over 6%, is experiencing rapid growth. Wholesale remains the primary sales channel, and the company aims to grow its network of standalone beauty boutiques to between 50 and 70 globally within three years, with a focus on the Middle East, India, Brazil, Mexico, and the United States.