Is Dolce left alone? D&G co-founder steps down as chairman amid €450M debt

Stefano Gabbana has resigned as chairman of Dolce & Gabbana, the Italian luxury house he co-founded with Domenico Dolce back in 1985, though he will maintain a creative role, Euronews writes.

The company described the departure as “a natural process of organisational and governance evolution.”

Alfonso Dolce, Domenico’s brother, will take over as chairman, stepping in as the company faces financial challenges, particularly as it seeks to address issues related to a €450 million debt.