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Stefano Gabbana, co-founder of Dolce & Gabbana, has stepped down as chairman, with the change taking effect at the start of the year, according to a recent filing. The move comes as the company explores financial restructuring, including raising up to EUR 150 million and refinancing debt worth around EUR 450 million (USD 525.7 million). Reports indicate that Gabbana may also evaluate options for his nearly 40% stake. The company is considering asset monetisation and licence renewals to improve liquidity while continuing to be led creatively by its founders.
Stefano Gabbana, co-founder of Dolce & Gabbana, has stepped down as chairman, as per a filing with the local chamber of commerce reviewed in the past week. The transition had been planned earlier, with Gabbana informing the company toward the end of last year about his decision to exit the role, which became effective from the beginning of this year. Advertisement
Following his exit, Chief Executive Alfonso Dolce, who is the brother of co-founder Domenico Dolce, has taken over as chairman. Despite this leadership change at the board level, both Domenico Dolce and Stefano Gabbana continue to oversee the creative direction of the brand, maintaining continuity in its design and positioning.
The development comes at a time when the company is working on strengthening its financial position. Reports indicate that lenders are seeking an infusion of up to EUR 150 million as part of a broader refinancing plan covering debt of around EUR 450 million, equivalent to approximately USD 525.7 million. This suggests a structured effort to improve liquidity and manage existing obligations more efficiently.
As part of these efforts, the company is evaluating multiple funding options. These include potential disposal of select real estate assets and renewal of licensing agreements to generate additional cash flows. Such measures indicate a focus on internal restructuring rather than immediate external capital raising.
At the same time, Gabbana is understood to be assessing options for his roughly 40% stake in the business, particularly in the context of ongoing discussions with lenders. While no formal decision has been announced, this signals a possible shift in ownership dynamics depending on how negotiations progress.
The company, founded in 1985, has previously indicated that it may consider bringing in a minority investor or exploring a stock market listing. Although no immediate steps have been confirmed, these options remain relevant as part of its long-term capital strategy.
Dolce & Gabbana did not provide an immediate response regarding the leadership change or ongoing financial discussions.
Source Reuters
5th Jun, 2025
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