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

Illbliss Calls for End to Tribalism, Highlights Igbo Contributions to Lagos

    Rapper Illbliss has emphasised on the need for Nigerians to be more receptive of non-indigenes in their states and shun inflammatory remarks against non-indigenous residents.     Speaking…

“Nigerians Begging Terrorists”: Baba Yusuf Decries Devastating State of Security

      A political strategist, Baba Yusuf, has decried the upsurge of insecurity in Nigeria, stressing that it is getting worse.     Speaking during an interview on Arise…

Leave a Reply

Your email address will not be published.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

You Missed

Illbliss Calls for End to Tribalism, Highlights Igbo Contributions to Lagos

Illbliss Calls for End to Tribalism, Highlights Igbo Contributions to Lagos

“Nigerians Begging Terrorists”: Baba Yusuf Decries Devastating State of Security

“Nigerians Begging Terrorists”: Baba Yusuf Decries Devastating State of Security

Bala Mohammed’s Successor: A Three-Horse Race Takes Shape in Bauchi

Bala Mohammed’s Successor: A Three-Horse Race Takes Shape in Bauchi

Peller and Jarvis Say ‘Yes’ to Forever After Pregnancy Speculation

Peller and Jarvis Say ‘Yes’ to Forever After Pregnancy Speculation

50-Year-Old Man Arrested for Alleged Defilement of 8-Year-Old in Abia

50-Year-Old Man Arrested for Alleged Defilement of 8-Year-Old in Abia

Former Enugu Lawmakers Congratulate Governor Mbah on Three Years in Office

Former Enugu Lawmakers Congratulate Governor Mbah on Three Years in Office