Stefano Gabbana, co-founder of Italian luxury fashion house Dolce & Gabbana, has stepped down from his role as chairman but will continue to serve in a creative capacity within the company.
The brand confirmed that Gabbana’s resignation from his corporate positions took effect on January 1, describing the move as part of a “natural process of organisational and governance evolution.”
Gabbana, 63, co-founded the fashion label alongside Domenico Dolce in 1985. While he is stepping away from executive leadership, he is expected to remain involved in the creative direction of the brand.
Following his departure, Alfonso Dolce, the chief executive and brother of Domenico Dolce, has taken over as chairman, according to a corporate filing cited in reports.
The development was first reported by Bloomberg and also includes indications that Gabbana may be exploring options regarding his 40 per cent stake in the company. This comes as Dolce & Gabbana enters discussions with lenders to refinance around €450 million ($525 million) in debt, although the company has not confirmed any changes related to the debt process.
The fashion house stated that negotiations with banks are still ongoing and declined to provide further details on the matter.
Dolce & Gabbana, one of the most prominent names in global luxury fashion, has faced broader industry pressures in recent years as the luxury sector experiences slowing demand.
Despite leadership changes, the brand continues to maintain a strong presence in global fashion events, including its recent showcase at Milan Fashion Week, where both founders made appearances alongside guest Madonna.
Founded on a collaboration that blends Sicilian-inspired aesthetics with high-end tailoring, Dolce & Gabbana has remained influential in shaping modern luxury fashion and continues to attract global celebrities and fashion icons.
