Dolce & Gabbana is considering the sale of selected real estate assets in Milan as part of a broader effort to strengthen liquidity and refinance its debt amid ongoing challenges in the luxury market.
The Italian luxury fashion house is reportedly in discussions with lenders regarding the potential sale of several Milan properties, including assets in the city centre, which could then be leased back to the company. The move would allow Dolce & Gabbana to unlock capital while retaining operational use of the buildings.
The property disposals form part of wider refinancing negotiations involving approximately €450 million in debt. In addition, the company recently extended its eyewear licensing agreement with EssilorLuxottica through to 2050, a deal reportedly worth up to €150 million that is expected to provide further liquidity.
The discussions come during a period of organisational change at the company. Co-founder Stefano Gabbana stepped down as chairman earlier this year, while former Gucci executive Stefano Cantino was appointed co-CEO alongside Alfonso Dolce. The business is also navigating a slowdown in the luxury sector, which has put pressure on earnings and debt covenants.
Founded in 1985 by Domenico Dolce and Stefano Gabbana, the brand remains privately owned, with the founders and members of the Dolce family controlling the business.
