Dolce & Gabbana co-founder Stefano Gabbana has resigned from his roles at the iconic Italian fashion house and its controlling holding company, effective January 1, 2026. Despite stepping away from formal governance, Gabbana will continue to lead the brand’s creative direction alongside longtime partner Domenico Dolce, whom he founded the label with in 1985. Chief Executive Alfonso Dolce, brother of Domenico, has been appointed as the new chair.
A Brand Under Financial Pressure
The leadership shake-up comes as Dolce & Gabbana navigates significant financial headwinds. The company is in active discussions with banks over a €450 million debt refinancing, with lenders reportedly seeking a fresh cash injection of up to €150 million. Advised by Rothschild, the luxury group is exploring options to raise funds, including potential real estate disposals. A key source of incoming capital is expected to be a recently extended eyewear licence agreement with EssilorLuxottica, now running through 2050. The group posted revenues of €1.9 billion in its latest fiscal year, though it recorded a net loss of €143 million.
Fresh Faces in the Boardroom
Leadership transitions extend beyond Gabbana’s departure. Former Gucci CEO Stefano Cantino is reportedly joining Dolce & Gabbana in a senior managerial role, signalling the brand’s intent to strengthen its executive bench. Meanwhile, Managing Director Fedele Usai has exited the company to take up the position of chief marketing officer at French luxury conglomerate Kering. These sweeping changes suggest Dolce & Gabbana is positioning itself for a significant strategic and operational reset as it confronts both market challenges and mounting debt obligations.