Stefano Gabbana of Dolce & Gabbana Resigns as Chairman amid Reports of Debt
Stefano Gabbana of Dolce & Gabbana Resigns as Chairman amid Reports of Debt
Catherine SantinoFri, April 10, 2026 at 3:19 PM UTC
0
Stefano Gabbana and Domenico Dolce.Credit: Stefano Rellandini/AFP via Getty -
Stefano Gabbana of Dolce & Gabbana has resigned from his role as chairman but will continue his creative position
The news follows reports that the company is facing debt
Dolce & Gabbana's most recent runway show was in February
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 his former partner Domenico Dolce, has resigned as chairman but will continue his creative role designing collections alongside Dolce, according to reports from Vogue, BBC and ABC.
Per Vogue, the company shared the news in a statement on Friday, April 10.
"As part of a natural evolution of its organizational structure and governance, the Dolce & Gabbana Group confirms that Stefano Gabbana has tendered his resignation, effective as of 1 January 2026, from his positions within Dolce & Gabbana Holding Srl, Dolce & Gabbana Trademarks Srl, and Dolce & Gabbana Srl,” the statement reads.
“These resignations have no impact whatsoever on the creative activities carried out by Stefano Gabbana on behalf of the group,” it continued.
Domenico Dolce and Stefano Gabbana.Credit: Marco Bertorello/AFP via Getty
In March, Bloomberg reported that the company was gearing up for discussions about debt with its lenders. Per ABC, the report cited sources saying that Gabbana was considering options to exit his 40 percent stake in the 41-year-old fashion house.
Advertisement
“With regard to the debt position, the group has no statement to make at this time, as negotiations with the banks are still ongoing,” the company said in the April 10 statement.
In an April 9 report, Bloomberg stated that Alfonso Dolce, Domenico’s brother and current CEO, took over as chairman in January.
— sign up for PEOPLE's free daily newsletter to stay up-to-date on the best of what PEOPLE has to offer, from celebrity news to compelling human interest stories.
Per the outlet, Dolce & Gabbana’s lenders are up to 150 million euros in new funding as part of a broader refinancing of the fashion house's 450 million euros ($525.7 million) of debt.
The fashion house's most recent runway show was in February during Milan Fashion Week, which was attended by longtime collaborator Madonna. The company has also worked with stars like Kim Kardashian and Jennifer Lopez.
on People
Source: “AOL Entertainment”
