Dolce & Gabbana Beauty Unit Targets Double-Digit Growth in 2026

3-line summary

• Dolce & Gabbana's beauty unit is targeting continued double-digit growth in 2026, CEO Gianluca Toniolo said in an interview with Italian daily Il Sole 24 Ore. Last year wholesale revenue exceeded €1 billion, more than tripling since 2022, with revenue up 14% year-over-year and double-digit operating margin.
• By region, the Americas account for about 55% of revenue (with the US making up about 60% of that, its largest market), Europe about 40%, and Asia just over 6% but growing quickly.
• The unit was brought in-house from a licensing arrangement in 2022 and has shifted from a fragrance-focused business to a broader beauty platform, though wholesale remains the main sales channel. Strategy: the company is pursuing its most aggressive international expansion to date, strengthening its fragrance franchise, expanding makeup distribution, and launching a full skincare line, while planning to grow standalone beauty stores worldwide to 50-70 within three years, with a focus on the Middle East, India, Brazil, Mexico, and the US.

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