Stefano Gabbana, co-founder of Italian luxury fashion house Dolce & Gabbana, stepped down as chairman in January, according to a filing the company made with the local chamber of commerce seen by Reuters.
This information was confirmed by the fashion house.
The news was first reported by Bloomberg, which stated that the designer is also considering options for his approximately 40 percent stake in the company ahead of negotiations with creditor banks.
Dolce & Gabbana's lenders are seeking an injection of up to 150 million euros in fresh funds as part of a broader refinancing of 450 million euros of debt, Bloomberg reported, citing sources. The company is considering selling real estate and renewing licenses to raise the money.
The company said it would not comment on its indebtedness, "as negotiations with banks are still ongoing."
"Stefano Gabbana has resigned, effective January 1, 2026, from his positions at Dolce & Gabbana Holding, Dolce & Gabbana Trademarks and Dolce & Gabbana," the statement said.
"The resignations have no impact on the creative activities carried out by Stefano Gabbana for the group," it added.
Domenico Dolce and Stefano Gabbana founded the company in 1985 and are still in charge of creative direction.
According to the filing, Gabbana, 63, informed the company in December that he intended to step down as chairman, effective January 1. CEO Alfonso Dolce, brother of co-founder Domenico Dolce, has been named the new chairman.
The company has not previously ruled out the possibility of a minority investor entering or going public.
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