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Domenico Dolce – Billionaire

Domenico Dolce (Italian: [ˈdol.tʃe]; born 13 August 1958) is an Italian fashion designer and entrepreneur. Along with Stefano Gabbana, he is one half of the luxury fashion house Dolce & Gabbana (D&G). Since founding D&G in 1985, Dolce has become one of the world’s most influential fashion designers and an industry icon.

Early life and education

Dolce was born in Polizzi Generosa, Sicily, in 1958. His father was a tailor and his mother sold fabrics and apparel. He moved to Milan to attend the fashion design school Istituto Marangoni, but he dropped out before graduating, confident he knew enough to work in the industry. His dream was to work for Armani.

Career

Dolce & Gabbana store in Kobe, Japan

In 1980, Dolce met Milan native Stefano Gabbana through Dolce’s employer, designer Giorgio Correggiari. In 1983, Gabbana and Dolce left Correggiari to work on their own; two years later, they launched Dolce & Gabbana S.p.A. (D&G).

In October 1985, the Dolce & Gabbana brand made its fashion show debut at Milano Collezioni’s Nuovi Talenti (New Talents). In March 1986, D&G released its first collection and held its own show, “Real Women.” In 1987, the first D&G store opened in Milan, at 7 Via Santa Cecilia. In 1988, D&G established a partnership with Dolce’s father, Saverio, who owned the manufacturing company Dolce Saverio in Legnano, near Milan.

D&G continued to expand, holding its first fashion shows in Tokyo (April 1989) and New York (April 1990), and releasing new collection lines, including its first lingerie and beachwear line in July 1989, and its first menswear line in January 1990. In November 1990, D&G opened its New York City showroom at 532 Broadway in SoHo, Manhattan. D&G released its first fragrance, Dolce & Gabbana Parfum, in October 1992.

In 1993, the Italian designers received worldwide fame when Madonna chose D&G to design the costumes for her Girlie Show World Tour. They have since gone on to design for Monica Bellucci, Kylie Minogue, Angelina Jolie and Isabella Rossellini.

Later additions to the D&G line included ties, belts, handbags, sunglasses, watches and footwear. By 2003, the company sold more products in Italy than Armani, Gucci, Prada, and Versace. In 2009, nearly 25 years after D&G opened, the company had 113 stores and 21 factory outlets, a staff of 3,500 people and an annual turnover of more than €1 billion.

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