Dolce & Gabbana Co-Founder Resigns as Chair, Mulls Stake Options

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 resignation hasn’t been reported before.

The fashion mogul is considering alternative options for his holding of about 40% in the firm, which is entering a new round of debt talks with creditors, according ...