- Stefano Gabbana has stepped down as chairman of the Italian fashion house Dolce & Gabbana, effective from 1 January.
- He will continue to lead the brand's creative direction alongside co-founder Domenico Dolce.
- Alfonso Dolce, Domenico's brother, is set to succeed him as chief executive.
- Gabbana, 63, informed the company of his decision in December and is reportedly exploring options regarding his shareholding.
- This leadership transition occurs as the luxury label, which recently celebrated its 40th anniversary, expands into new areas such as hospitality and interiors, amidst reports of discussions with lenders and potential new investment.
IN FULL
