At the same time, the company is preparing for talks with creditors, which makes the changes particularly important, as Bloomberg emphasizes.
Dolce & Gabbana has appointed Stefano Cantino as co-CEO. He is a manager with many years of experience in the luxury segment – in the past he served as CEO of Gucci and previously worked, among others, at Prada Group.
Cantino will join the current management at a time of significant ownership and organizational changes, which signals the growing role of professional management in the company's structures.
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Stefano Gabbana leaves corporate functions
The changes to the management board follow the departure of Stefano Gabbana as chairman of the board. The 63-year-old co-founder of the brand resigned from his position in December, according to documents filed with the Italian companies register.
The company confirmed that Gabbana's decision is part of a “natural evolution of the organizational structure and corporate governance.” Although the designer remains one of the key figures behind the brand, his formal role in managing the company has been limited.
The Dolce family strengthens its position
After Gabbana's departure, Alfonso Dolce – the brother of Domenico Dolce and the current CEO of the company – took over as chairman of the board. He took over this position in January, consolidating the influence of the Dolce family in the management structures.
Currently, the holding company controls 80 percent of the brand. remains jointly owned by Domenico Dolce and Stefano Gabbana. The remaining shares belong to Domenico, Alfonso and their sister Dorotea.
Possible sale of shares and talks with creditors
Stefano Gabbana is considering alternative scenarios for his approximately 40 percent stake in the company. This coincides with Dolce & Gabbana preparing for the next round of debt talks with creditors.
According to previous media reports, the company's financial situation prompts it to review its capital structure, which makes changes in the management board an element of a broader strategy of stabilization and long-term development.
Dolce & Gabbana. An icon of Italian luxury
Founded in 1985, Dolce & Gabbana quickly became one of the most recognizable fashion houses in the world. Its aesthetics, strongly inspired by Mediterranean culture, played a key role in building the brand's global identity.
Although Domenico Dolce and Stefano Gabbana ended their private relationship more than two decades ago, they remained close business partners over the years. However, the current changes may mean a gradual shift from the founding model to more classic, corporate management, as Bloomberg writes.
