Overview
- Dolce & Gabbana said Friday that Stefano Gabbana resigned from his management posts effective Jan. 1, with CEO Alfonso Dolce recorded as chairman later that month in Milan filings.
- The company said the change does not affect Gabbana’s design work, and he continues to shape the brand’s collections with Domenico Dolce.
- Talks to refinance about €450 million of borrowings are underway, with Rothschild & Co advising, and the group said it will not comment while discussions with banks continue.
- Bloomberg has reported that lenders are seeking roughly €150 million in new funding as part of the refinancing and that Gabbana is weighing options for his roughly 40% stake.
- Industry reports point to a leadership reshuffle in which former Gucci executive Stefano Cantino is expected to take a senior role, though no appointment has been confirmed.