Stefano Gabbana, aged 63, co-founder of the renowned luxury brand Dolce & Gabbana, has resigned from his position as chairman as part of a restructuring effort aimed at revitalizing the company amidst a slowdown in the luxury market. The brand is currently negotiating a debt restructuring of around €450 million (approximately $480 million USD) with banks and is seeking up to €150 million (about $160 million USD) in new funding. Gabbana, who will continue to contribute in a creative role, had reportedly stepped down in December 2025, but this information was only disclosed recently. Following his resignation, Alfonso Dolce, the brother of co-founder Domenico Dolce, has assumed the role of chairman while also serving as CEO. The company, which has faced challenges in the past, including a backlash over a controversial campaign in China in 2018, is now rumored to be in discussions with former Gucci CEO Stefano Cantino for a senior role, as it aims to navigate its current challenges and restore its reputation.