Dolce & Gabbana says co-founder Stefano Gabbana has quit as chair

Co-founder Stefano Gabbana resigns as chair of the iconic fashion house, raising questions about the future of his significant stake. | Contesto: cronaca

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• Dolce & Gabbana says co-founder Stefano Gabbana has quit as chair

Contesto

Stefano Gabbana, one half of the legendary design duo that built Dolce & Gabbana into a global luxury powerhouse, has resigned as chairman of the company. The Italian fashion house confirmed that Gabbana tendered his resignation, effective January 1, 2024, marking a formal step back from the corporate governance of the brand he co-founded with Domenico Dolce in 1985. The company described the move as part of a "natural evolution of its organisational structure and governance." The resignation follows Gabbana's earlier departure from the company's day-to-day creative and operational roles at the start of the year. While the brand's statement framed the change as a routine corporate evolution, the move severs the last official executive link for a founder whose name is synonymous with the label. For nearly four decades, Dolce and Gabbana's partnership defined the brand's aesthetic, blending Sicilian romanticism with bold, baroque sensibilities to create a distinct and influential voice in fashion. The development raises immediate questions about the future ownership structure of the privately held company. Stefano Gabbana retains a 40% stake in the business, a significant holding that represents a substantial portion of the brand's equity. According to reports, Gabbana is now actively considering his options regarding this stake. This process of evaluation is reportedly taking place ahead of anticipated talks with the company's lenders, suggesting financial and strategic discussions are underway that could reshape the ownership landscape. The potential sale or restructuring of such a large shareholding introduces a period of uncertainty for one of Italy's last major independent fashion houses. Unlike many of its rivals, Dolce & Gabbana has resisted absorption into a larger luxury conglomerate, maintaining its identity under the direct, if sometimes tumultuous, control of its founders. A change in this ownership dynamic could alter the company's strategic direction, its approach to investment, and its long-cherished independence in an industry increasingly dominated by a few giant groups. For now, the creative and business helm remains with Domenico Dolce, who...

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Categoria: cronaca