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Stefano Gabbana has resigned as chairman of Dolce and Gabbana, according to corporate filings seen by Bloomberg.
The outlet also reported that Gabbana is considering options for his stake in the Italian fashion company ahead of negotiations with its bank lenders.
According to an Italian corporate filing, Gabbana, who founded the design house alongside Domenico Dolce in 1985, stepped down from the role in December.
Alfonso Dolce, Domenico’s brother and the current CEO, then took over as chairman in January.
According to Bloomberg, the move comes as Gabbana is reportedly assessing potential options for his roughly 40% stake in the company ahead of a new round of debt discussions with its banking partners.
Dolce and Gabbana has been contacted for comment.
