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Fri, 10 Apr 2026

Fri, 10 Apr 2026 Dolce & Gabbana co-founder steps down as chair

The bold and sensual fashion house has been struggling with debt amidst a slowdown in global luxury spending.

* Stefano Gabbana has stepped down as chair of Dolce & Gabbana, citing a "natural evolution" of the company's organizational structure.
* He will retain his role as creative director and continue working alongside Domenico Dolce.
* The company is struggling with debt of around €450m (£391m/$528m) and a downturn in the luxury retail sector, particularly in China.
* Alfonso Dolce, Domenico's brother and chief executive, has taken over as chair from 1 January.
* The company has been targeting new markets including hospitality and furniture, with items like a leopard-print porcelain vase costing £1,084.
* Fashion expert Priya Raj says the brand is "in significant debt" but notes that it has managed to "outlast cancel culture" despite past controversies.
* Dolce & Gabbana is likely seeking outside help in the form of a minority investor or strategic partnership.