Stefano Gabbana steps down as chairman of Dolce & Gabbana

Rome-- Stefano Gabbana has stepped down from his roles within Dolce & Gabbana as part of what the company described as a “natural evolution” in its organisational structure and governance.

In a statement, the group confirmed that Gabbana resigned from his positions in Dolce & Gabbana Holding Srl, Dolce & Gabbana Trademarks Srl and Dolce & Gabbana Srl, effective from January 1, 2026.

The company stressed that his departure from corporate roles “will have no influence on the creative activities” he continues to carry out for the brand.

The presidency of the group has been assumed by Alfonso Dolce, marking a shift in leadership at a time when the luxury sector faces increasing headwinds.

According to Bloomberg, the Milan-based fashion house is preparing to enter negotiations with banks over the restructuring of approximately €450 million in debt, while seeking up to €150 million in additional financing. The company declined to comment on the matter, stating that discussions with lenders are still ongoing.

Reports suggest that options under consideration include the sale of real estate assets and the renewal of licensing agreements in an effort to strengthen liquidity.

Founded in 1985 by Gabbana and Domenico Dolce, the brand has remained under the control of its founders, who each hold roughly 40 per cent of the company. The group reported revenues of €1.9 billion in the 2024–2025 financial year.

The company has been working with Rothschild & Co. as a financial adviser, following a refinancing last year that included €150 million in new loans aimed at supporting investments in beauty and real estate. At the time, lenders granted waivers on certain debt conditions.

Recent weeks have seen renewed talks with banks, amid a broader slowdown in the global luxury market, driven in part by geopolitical tensions that have weighed on margins across the sector.

Industry sources also indicate that Stefano Cantino, former chief executive of Gucci, is being considered as part of efforts to strengthen the group’s management structure.

Despite the governance changes, the company has reiterated that Gabbana’s creative role remains unchanged, underlining continuity in the brand’s artistic direction during a period of financial and strategic adjustment.

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