Stefano Gabbana Resigns as Chairman of Dolce & Gabbana Amid Debt Refinancing Talks

Stefano Gabbana, co-founder of the Italian luxury fashion house Dolce & Gabbana, resigned as chairman effective January 1, 2025. He will continue in a creative capacity. Alfonso Dolce, brother of co-founder Domenico Dolce, succeeded him as chairman.

The company described the change as part of a natural evolution in its organizational structure and governance. Dolce & Gabbana, founded in 1985 by Domenico Dolce and Stefano Gabbana, faces ongoing negotiations with bank lenders to refinance €450 million in debt. Bloomberg first reported the debt talks, which the company confirmed but stated had no further updates.

Gabbana, aged 63, holds a 40% stake in the company and is considering options for it, according to Bloomberg. This development coincides with the debt refinancing discussions, indicating a broader corporate restructuring. The Guardian reported that Gabbana tendered his resignation as part of these governance changes.

Corporate Restructuring Details The leadership transition occurred as Dolce & Gabbana navigates financial obligations.

The €450 million debt refinancing involves talks with lenders, though specifics remain undisclosed. No sources reported contradictions on the debt amount or the effective date of Gabbana's resignation. Alfonso Dolce's appointment centralizes corporate leadership within the Dolce family.

Domenico Dolce maintains his role as co-founder and creative partner alongside Gabbana. The company's statement emphasized the move as evolutionary rather than disruptive.

Brand Continuity and Recent Events Despite boardroom changes, the brand's public activities proceeded normally.

At Milan Fashion Week in February 2025, Domenico Dolce and Stefano Gabbana appeared on the runway with Madonna. This event highlighted the ongoing creative partnership, which has defined the label for four decades. Dolce & Gabbana originated from Domenico Dolce's Sicilian heritage, focusing on form-fitting glamour.

Celebrities including Madonna and Monica Bellucci have worn the brand over the years. The creative duo shows no immediate plans to end their collaboration.