Dolce and Gabbana Secures Bank Debt Waiver
Dolce and Gabbana secured a debt waiver from lending banks after reporting an operating loss and a rise in net financial debt to 464.5 million euros. The luxury group agreed to strengthen liquidity and meet new financial targets by March 2028.
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Italy's Dolce & Gabbana secured a bank debt waiver after posting a €100M operating loss and €464.5M net debt. The luxury group faced covenant breaches following a 2% revenue drop to €1.86B for the year ending March 31. The agreement gives the fashion brand until March 2028 to restructure finances and lower its leverage ratio.
