A surprise Stefano Gabbana leave the presidency of Dolce & Gabbana and is thinking about the future of its 40% stake. Bloomberg writes it. This opens a crucial phase for the fashion house: the group, which has been affected by the slowdown in the luxury sector, is preparing to negotiate with the banks a restructuring of approximately 450 million euros of debt, with the request for new funds of up to 150 million.
Possible sale of assets
Also on the table is the possible sale of real estate assets and the renewal of licenses to strengthen liquidity. After Gabbana’s exit, Bloomberg reveals that Alfonso Dolce takes over as president of the group while former Gucci CEO Stefano Cantino is expected in a key role.
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