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Gabbana Steps Down, Dolce Stays at Dolce & Gabbana

Published 1 week, 4 days ago
Description

Stefano Gabbana steps down as Dolce and Gabbana chairman, but remains creative director; Alfonso Dolce, Domenicos brother, takes over as new chairman; Company officials call it a natural shift; Gabbana reportedly considering selling his stake; Lenders provide €150M in fresh funding to refinance €450M debt; Analysts like Luca Solca from Bernstein see no major changes, citing Gabbanas continued creative role; Dolce and Gabbana, known for their Sicilian-inspired designs, continue to thrive in the luxury market.

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