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Dolce & Gabbana Taps New U.S. President

Dolce & Gabbana on Thursday named Christophe Albarran as president of its U.S. subsidiary, replacing Glenn McMahon, who left in August to become chief executive officer of St. John.

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The D&G brand, which has experienced an average annual growth rate of 24 percent over the last decade, represented 44 percent of total wholesale revenues, or 600.8 million euros ($769 million).

The group generates much of its sales through clothing. Apparel, including beachwear and underwear, accounted for 44 percent of total wholesale sales. Fragrances, eyewear, timepieces and jewelry make up 42 percent and leather accessories and footwear the remaining 14 percent.

However, a recent co-branding deal with Motorola demonstrates the growing demand for the fashion brand. Factoring in sales of the gold Dolce & Gabbana Motorazr V3i cell phone — launched in June 2006 — the Italian fashion group's wholesale revenues rose to 1.55 billion euros, or just under $2 billion, for fiscal 2007.
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