Dolce&Gabbana Or Massive Layoffs Of 1000 People

According to foreign countries

Reliable news from the industry, Italy

Dolce &Gabbana or 1000 people will be laid off on a large scale.

The layoffs will mainly focus on Legnano brand.

Factories and Val d'Arno jewelry shops, and Milan headquarters will also cut some employees.

The news indicates that Dolce &Gabbana is streamlining its structure to pform the company from a family business into a listed company due to soaring fixed costs, while Gucci's former CEO Patrizio di Marco joins Dolce & Gabbana to accelerate the listing process.

In July this year, foreign media reported that Patrizio di Marco was the director and independent consultant of Dolce &Gabbana s, but there were well-informed sources that Patrizio di Marco had more power than actually.

A person familiar with the matter told the US media ladies' daily that Patrizio di Marco was behind Dolce&Gabbana's dismissal of 1000 workers. Layoffs were only part of a broader restructuring plan. Patrizio di Marco would make the company more modern and streamlined.

Patrizio di Marco joined Gucci in 2009 and took the position of Mark Lee as the brand CEO in the most difficult period of the financial crisis.

Previously, he served as president and CEO of Bottega Veneta of Kai Yun group for eight years, playing an important role in the process of brand pformation.

Patrizio di Marco did not comment on the layoff plan, and Dolce & Gabbana spokesman said on Thursday that the company refused to comment on the reasons for the summer vacation.

At the end of June, Dolce & Gabbana revealed the development, production and distribution of perfume, make-up and skin care products under the cooperation with Shiseido group Japan.

According to the relevant data, in 2015, the retail sales of the cosmetics and skin care products of the brand amounted to $440 million, plus the brand perfume business and wholesale business. The annual sales volume of Dolce & Gabbana cosmetics line exceeded 500 million dollars.

Last December, Italy fashion consultancy Pambianco Strategie di Imprese announced the top ten list of 65 Italy fashion and luxury companies listed on the market this year. Dolce & Gabbana has been third place since 2013, but this year it was replaced by the Florence men's brand Stefano Ricci.

In response, David Pambianco, chief executive of the consulting firm, explained that Dolce and Gabbana had temporarily slowed down the growth of the D&G series to simplify product lines.

In the fiscal year ending March 31, 2015, Dolce&Gabbana announced its operating income of $1 billion 390 million, and the company has 4500 employees and 323 stores worldwide.