Since the closure of its D&G line earlier this year, Italian luxury house Dolce Gabbana‘s turnover for 2012 is likely to stagnate at 1,1 billion euro, registering an EBITDA of 280 million euro.
The company maintains cash reserves of 400 million euro.
Dolce Gabbana plans to expand in 2013 and is set to open mono-brand store in Canada, Mexico, Brazil and Chile.
Dolce Gabbana’s expansion in Brazil includes two stores.
The company is focusing on a more luxury positioning for its label as well as craftsmanship and Made in Italy.