Stefano Gabbana has stepped down as chairman of the board of directors of Italian luxury house D&G, which he founded with Domenico Dolce in 1985.
The company called the resignation, effective January 1, 2026, “a natural stage in the evolution of the organizational structure and governance system.” quoted Euronews.
Alfonso Dolce, brother of Domenico Dolce, has taken over as chairman. He takes over as the brand undergoes a new round of debt refinancing, which amounts to 450 million euros.
Regarding the debt, the company said it “can’t reveal anything yet, as negotiations with the banks are still ongoing.”
According to media reports, Stefano Gabbana, 63, is also considering options regarding the 40 percent stake he owns in the company, which, combined with the debt talks, signals a more complicated phase of restructuring for the Dolce & Gabbana house.
The Italian fashion house was founded in 1985 with an emphasis on Sicilian tradition, which has served as a benchmark for designers over the years. Dolce & Gabbana’s popularity surged in the 1990s, and top stars have continued to choose the brand for four decades.
Over the years, the company has expanded its range to include perfumes, home goods, watches and other fashion-related products.
