US EditionDolce & Gabbana Co-Founder Steps Down Amids Debt Restructuring
Gabbana remains in a creative role as the privately held fashion house seeks up to €150 million in new funding from lenders, Reuters reported.
- Stefano Gabbana, co-founder of Italian luxury fashion house Dolce & Gabbana, stepped down as chair in January, according to a company filing seen by Reuters on Friday.
- The fashion label faces pressure from an ongoing slowdown in the luxury goods industry, with reports indicating it holds €450 million in debt entering negotiations with creditors.
- Alfonso Dolce, CEO and brother of co-founder Domenico Dolce, replaced Gabbana as chair, while Gabbana is reportedly considering options for his roughly 40% stake in the company.
- Advised by Rothschild & Co., the brand is finalizing refinancing terms and is set to appoint former Gucci CEO Stefano Cantino to a top management position.
- Despite his resignation as chair, Gabbana remains active in creative direction and appeared at recent Milan Fashion Week shows, though it remains unclear if this signals an eventual exit.
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He resigned in January, now evaluates the sale of his 40%. The charge passes to Alfonso Dolce. The node of the debt
La Nación, Grupo Nación
Forbes EspañaMadrid. Dolce & Gabbana’s co-founder, Stefano Gabbana, left his position at the head of the luxury brand, which he raised in 1985 with his partner Domenico Dolce, in a movement made as the company prepares to negotiate with its creditors. “As part of a natural evolution of its organizational structure and governance, the Dolce & Gabbana Group confirms that Stefano Gabbana has resigned as president of the Dolce & Gabbana Board of Directors, as we…
Stefano Gabbana Resigns from Dolce and Gabbana Chairman Role Amid Debt Reports
Stefano Gabbana is stepping down from his role at Dolce and Gabbana. The 63-year-old designer, who co-founded the fashion house in 1985 with former partner Domenico Dolce, announced on Friday (April 10) that he is resigning as chairman. However, he will continue his creative role designing ...
Stefano Gabbana Resigns from Dolce & Gabbana Chairman Role Amid Debt Reports | Just Jared: Celebrity News and Gossip
Stefano Gabbana is stepping down from his role at Dolce & Gabbana. The 63-year-old designer, who co-founded the fashion house in 1985 with former partner Domenico Dolce, announced on Friday (April 10) that he is resigning as chairman. However, he will continue his creative role designing alongside Domenico, 67. Keep reading to find out more…“As part of a natural evolution of its organizational structure and governance, the Dolce & Gabbana Group …
Stefano Gabbana Resigns From Dolce and Gabbana Chairman Role Amid Reports About Company’s Debt
Stefano Gabbana is hanging up his chairman role at Dolce & Gabbana four decades after cofounding the fashion house alongside former partner Domenico Dolce. The 63-year-old fashion designer’s resignation was announced on Friday, April 10, stating that he will not be leaving the atelier altogether as he is still stitching together the brand’s creative vision. “As part of a natural evolution of its organizational structure and governance, the Dolce…
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