Italian luxury house Dolce & Gabbana is entering a pivotal phase after co-founder Stefano Gabbana stepped down as chairman and is considering selling his 40% stake. The information was reported by Wall-Street.ro, with additional details from RetailDetail and Bloomberg.
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Leadership change and creative continuity
Gabbana’s departure from the chairman role was officially recorded earlier this year with the Italian Chamber of Commerce but only recently disclosed.
He is succeeded by Alfonso Dolce, brother of co-founder Domenico Dolce. Stefano Gabbana will remain involved in the brand’s creative direction.
Financial pressure and capital needs
According to Bloomberg, the company is undergoing debt restructuring and seeking additional funding.
After raising €450 million last year, Dolce & Gabbana is now looking for another €150 million, while also considering selling real estate assets to improve liquidity.
Founded in 1985, the brand has remained independent from luxury conglomerates like LVMH and Kering.
A potential sale of Gabbana’s stake could pave the way for external investors and mark the end of an era for the Italian fashion house.
Photo: DSF Antique Jewelry
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