Dolce & Gabbana Co-Founder Steps Down, Mulls Stake Options (2)

Stefano Gabbana resigned as chairman of Dolce & Gabbana and is considering options for his stake in the Italian fashion company ahead of negotiations with its bank lenders.

Gabbana, 63, who founded the design house with his then-partner Domenico Dolce, stepped down in December, according to an Italian corporate filing. Alfonso Dolce, Domenico’s brother and current CEO, took over as chairman in January.

The company confirmed Gabbana’s resignation from his corporate roles “as part of a natural evolution of its organizational structure and governance.”

“These resignations have no impact whatsoever on the creative activities carried out by ...