Dolce & Gabbana co-founder quits amid debt

Stefano Gabbana, a co-founder of the luxury fashion house Dolce & Gabbana, has stepped down as chairman. His departure comes at a critical time as the company is reportedly engaged in discussions to manage approximately €450 million in debt. Domenico Dolce's brother has assumed leadership of the board. This leadership change and significant financial challenge raise questions about the brand's future stability and strategic direction in the competitive luxury market.