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 worlds most recognisable luxury labels.Following his departure from the chairman role, the position has been taken over by Alfonso Dolce, the companys 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.The post D&G co-founder Gabbana resigns as Chairman appeared first on Linda Ikeji Blog.