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3 days ago
Dolce & Gabbana co-founder steps down as chair amid debt battle
Stefano Gabbana exits the chair role after 40 years as the luxury house contends with debt and eyeing new markets like hospitality and furniture.
Stefano Gabbana exits the chair role after 40 years as the luxury house contends with debt and eyeing new markets like hospitality and furniture.Stefano Gabbana has stepped down as chair of Dolce & Gabbana after four decades at the helm, a move that comes as the fashion house grapples with a debt pile of around €450m and a slowdown in global luxury spending. Gabbana will continue in his creative role, working alongside Domenico Dolce to ... Read full article.
Thoxt
News
1.2k views
.
3 days ago
Dolce & Gabbana co-founder steps down as chair amid debt
Stefano Gabbana steps down as chair of Dolce & Gabbana as the luxury house faces around €450m debt amid a softer global luxury market, with Alfonso Dolce taking the helm.Stefano Gabbana has stepped down as chair of Dolce & Gabbana after four decades at the helm, although he will keep his creative role alongside Domenico Dolce. Alfonso Dolce, the brother of Domenico and the firm’s chief executive, took over the chair on January 1. The move comes as the fashion house ... Read full article.