Dolce & Gabbana gets fresh cash to fund bet on beauty products

Dolce & Gabbana has obtained additional debt from its creditors to fund its expansion in the beauty and property sectors.

The Italian fashion house, known for its Mediterranean-inspired designs, has agreed with banks on new financing of 150 million euros ($170 million), a representative confirmed by email. The new debt is partially guaranteed by state-backed credit insurer Sace.