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. He will continue in a creative capacity. A family member 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 holds a 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 has quit as chair.

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 resignation. The 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.

boardroom changes, the brand's public activities proceeded normally.

Dolce & Gabbana originated from Domenico Dolce's Sicilian heritage, focusing on form-fitting glamour.

Celebrities have worn the brand over the years. The creative duo shows no immediate plans to end their collaboration.