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Dolce & Gabbana has appointed former Gucci executive Stefano Cantino as co-CEO, a role he will share with Alfonso Dolce. The appointment follows the departure of co-founder Stefano Gabbana.
Financial challenges
The leadership structure at Dolce & Gabbana is undergoing significant changes. The arrival of Stefano Cantino is intended to further drive the fashion house’s transformation into a lifestyle brand. The new co-CEO, who gained extensive fashion experience at Gucci, Louis Vuitton, and Prada, will lead the company alongside Alfonso Dolce, brother of co-founder Domenico Dolce, who has also been appointed chairman.
Last week, it was announced that co-founder Stefano Gabbana had stepped down as chairman and is also considering selling his 40% stake. He will, however, remain responsible for the creative aspects of the brand, ensuring the continuity of its artistic vision.
The luxury company is facing financial challenges and is seeking €150 million in fresh capital, following a previous injection of €450 million last year.
