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Gabbana Steps Down as D&G Chairman, Stays Creative
10 Apr
Summary
- Stefano Gabbana resigned as chairman effective January 1.
- Alfonso Dolce now serves as the new chairman of the fashion house.
- The company is reportedly seeking new funding and refinancing debt.
Stefano Gabbana has stepped down from his role as chairman of the renowned Italian fashion house Dolce & Gabbana, effective January 1st. While he has relinquished his oversight duties, Gabbana will continue to contribute as a creative force within the company. Alfonso Dolce, brother of co-founder Domenico Dolce, was appointed as the new chairman later in January.
This organizational shift at the 41-year-old fashion house is described as a "natural evolution." The company is also reportedly seeking up to 150 million euros in new funding to refinance its existing 450 million euros in debt. Dolce & Gabbana has declined to comment on these financial discussions.
Gabbana's continued creative involvement is seen as crucial, with analysts suggesting minimal changes. However, his past social media missteps in China, which led to a canceled 2018 show, could be viewed differently with this leadership change.
