February 14, 2020 / 6:57 AM / 9 days ago

Dolce & Gabbana founders have received offers but have no plans to sell - paper

Logo of Italian designers Dolce & Gabbana is seen at a branch office at Bahnhofstrasse in Zurich, Switzerland June 23, 2016. REUTERS/Arnd Wiegmann

MILAN (Reuters) - Italy’s Dolce & Gabbana founder Stefano Gabbana said on Friday he had received proposals to buy the group but had no intention to sell.

The unlisted group is one of the ten largest fashion groups in Italy by revenues and had sales of 1.38 billion euros (£1.2 billion) in the year ended March 2019, according to a filing to Italy’s Chamber of Commerce seen by Reuters.

“We carried out the negotiations since we wanted to understand how our work was valued both economically and ethically,” Gabbana, who founded the fashion house together with Domenico Dolce, told Italian newspaper Il Messaggero.

“But we have no intention to sell”.

Reporting by Gianluca Semeraro, editing by Stephen Jewkes

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