Italian luxury fashion house Dolce & Gabbana has appointed Stefano Cantino, former chief executive of Gucci, as its co-chief executive officer, the company announced on Monday. Cantino will share the role with Alfonso Dolce, brother of co-founder Domenico Dolce, who has served as chairman since January following the resignation of Stefano Gabbana, the label’s other co-founder.
Cantino brings extensive experience in the luxury sector, having led Gucci through a period of growth before departing in recent years. His appointment is part of a broader management restructuring as Dolce & Gabbana seeks to transform its organisational model from a fashion-focused brand into a lifestyle company, according to a company statement.
The move comes amid ongoing negotiations with banks to refinance a substantial debt load. Bloomberg has reported the debt to be approximately 450 million euros ($525 million), with Gabbana exploring options for his 40 per cent stake in the business.
Dolce & Gabbana, founded in 1985, is one of the fashion industry’s most commercially successful design partnerships. Known for form-fitting designs inspired by Domenico Dolce’s Sicilian heritage, the brand has attracted a global celebrity following, including figures such as Madonna and Monica Bellucci.
The luxury sector has faced significant challenges in recent years, with many top fashion houses experiencing declining sales amid shifting consumer behaviour and economic pressures. Dolce & Gabbana’s strategic overhaul, including Cantino’s leadership, signals an effort to adapt to these market dynamics and secure long-term stability.
Further details on the refinancing talks and the future structure of the company are expected as negotiations progress.
