Stefano Gabbana, co-founder of iconic luxury fashion house Dolce & Gabbana, has stepped down as chairman of the company, marking a notable governance shift as the brand navigates financial restructuring and strategic decisions.
According to a company filing with Italy’s chamber of commerce, Gabbana formally notified the firm in December of his intention to resign, with the change taking effect on January 1. His departure from the chairmanship does not signal a full exit from the business, as he remains actively involved in the creative direction alongside co-founder Domenico Dolce.
Leadership responsibilities at the board level have now transitioned to Alfonso Dolce, the current chief executive and brother of Domenico Dolce, consolidating operational and governance oversight at a critical moment for the company.
Dolce & Gabbana Debt Refinancing
The move comes as Dolce & Gabbana enters discussions with its banking partners over a significant refinancing package.
According to reports first published by Bloomberg, lenders are seeking an injection of up to €150 million in fresh capital as part of a broader effort to restructure approximately €450 million (about $525 million) in existing debt.
As part of these negotiations, the company is exploring multiple liquidity options. These include the potential disposal of selected real estate assets and the renewal or renegotiation of licensing agreements—both aimed at strengthening cash flow and improving balance sheet flexibility.
Gabbana is also reportedly evaluating strategic options regarding his roughly 40% ownership stake in the business. While no formal decision has been announced, any movement on this front could have significant implications for ownership structure and long-term control of the brand.
Founded in 1985, Dolce & Gabbana has grown into one of Italy’s most recognizable luxury labels, known for its bold aesthetic and strong identity in global fashion markets.
Despite recent financial pressures, the continued involvement of its founders in creative leadership suggests the brand is seeking to maintain continuity in design while adapting its financial strategy to current market conditions.
