D&G co-founder Gabbana resigns as Chairman

D&G co-founder Gabbana resigns as Chairman

 

 

Stefano Gabbana, co-founder of Dolce & Gabbana, has stepped down as chairman of the company while remaining involved in its creative direction.

 

 

The fashion house confirmed that the 63-year-old resigned from his corporate roles effective January 1, describing the move as part of a broader organisational and governance transition. A company statement noted the change was “part of a natural process of organisational and governance evolution.”

 

 

 

Gabbana co-founded the brand in 1985 alongside Domenico Dolce, building it into one of the world’s most recognisable luxury labels.

 

 

 

Following his departure from the chairman role, the position has been taken over by Alfonso Dolce, the company’s chief executive and brother of Domenico Dolce.

 

 

Reports also suggest Gabbana is exploring options regarding his 40% stake in the business, as the company enters discussions with lenders to refinance around €450 million in debt. However, the company said negotiations are still ongoing and declined to provide further details.

 

 

Despite changes at the corporate level, Gabbana will continue contributing creatively to the brand, which remains a major force in global fashion, known for its bold designs and strong celebrity following, including stars like Madonna.

Related Posts

ADC Reps caucus demands INEC chairman’s removal

The caucus of the African Democratic Congress in the House of Representatives has called on Bola Tinubu to sack and prosecute the chairman of the Independent National Electoral Commission, Joash…

House of Representatives panel to hold peace dialogue over Jos unrest today

The House of Representatives Ad Hoc Committee on Security has announced plans to convene a broad-based dialogue involving key stakeholders to address the security situation in Plateau State.    …

Leave a Reply

Your email address will not be published. Required fields are marked *

You Missed

ADC Reps caucus demands INEC chairman’s removal

ADC Reps caucus demands INEC chairman’s removal

House of Representatives panel to hold peace dialogue over Jos unrest today

House of Representatives panel to hold peace dialogue over Jos unrest today

Ogun Police Impound Six Vehicles, Clear Illegal Structures in Traffic Bust

Ogun Police Impound Six Vehicles, Clear Illegal Structures in Traffic Bust

Truck Driver Killed by Soldier in Abia; Government Promises Transparent Investigation

Truck Driver Killed by Soldier in Abia; Government Promises Transparent Investigation

Ebonyi Artisans Cry Foul Over Double Taxation, Harassment by Revenue Contractors

Ebonyi Artisans Cry Foul Over Double Taxation, Harassment by Revenue Contractors

Peter Obi Defends Party Hopping: Principles Over Ambition Drove Political Moves

Peter Obi Defends Party Hopping: Principles Over Ambition Drove Political Moves