MILAN, April 13 (Reuters) - Italian fashion house Dolce & Gabbana said on Monday it has appointed former Gucci chief executive Stefano Cantino as co-CEO, to work alongside Alfonso Dolce, who has also been performing the role of chairman since co-founder Stefano Gabbana nL6N40T0HJ stepped down in January.
Cantino, whose career spans marketing and communications roles, joins the company at a challenging time. It must negotiate a debt refinancing while it faces a prolonged slump in luxury consumer demand that in the 2024-2025 fiscal year led it to post a net loss of 143 million euros ($167 million).
Cantino was appointed https://www.reuters.com/business/retail-consumer/french-luxury-goods-company-kering-names-stefano-cantino-ceo-gucci-2024-10-08/ CEO of Gucci at the beginning of 2025 to help revive the brand, but was replaced just nine months later by Francesca Bellettini https://www.reuters.com/business/retail-consumer/kerings-new-boss-de-meo-appoints-bellettini-lead-gucci-revival-2025-09-17/ as part of a management reshuffle launched by Luca De Meo, the new chief executive of French luxury group Kering.
Before that, Cantino spent five years at LVMH-owned Louis Vuitton as head of image and communications and earlier worked for two decades at Prada Group in various roles, culminating as director of communications and marketing.
"I am delighted to have Stefano Cantino by my side in this new phase of growth and development of Dolce & Gabbana", CEO Alfonso Dolce, who is brother of Domenico Dolce, said.
Cantino's appointment comes as Dolce & Gabbana reshapes its organisation as it seeks to evolve "from a fashion brand to a lifestyle company", the statement said.
Designers Domenico Dolce and Stefano Gabbana founded the Milan-based brand in 1985.
Gabbana will retain creative duties after stepping down as chairman, the company said on Friday.
($1 = 0.8553 euros)
(Reporting by Elisa Anzolin, writing by Cristina Carlevaro, editing by Alvise Armellini and Louise Heavens)
LVMH Moët Hennessy Louis Vuitton SE is the world leader in luxury products. Net sales break down by family of products as follows:
- fashion and leather items (46.7%): brands such as Louis Vuitton, Christian Dior, Celine, Loewe, Kenzo, Givenchy, Fendi, Emilio Pucci, Marc Jacobs, Berluti, Loro Piana, etc.;
- watches and jewels (13%): Bulgari, TAG Heuer, Zenith, Hublot, Chaumet, Fred brands, Tiffany, etc.;
- perfumes and cosmetics products (10.1%): perfumes (Christian Dior, Guerlain, Loewe, Kenzo, Givenchy brands, etc.), makeup products (Make Up For Ever, Guerlain, Acqua di Parma, etc.), etc.;
- wines and spirits (6.6%): champagnes (Moët & Chandon, Dom Pérignon, Veuve Clicquot, Krug, Ruinart, Mercier, Château d'Yquem, Domaine du Clos des Lambrays, Château Cheval Blanc, Colgin Cellars, Hennessy, Glenmorangie, Ardbeg, Belvedere, Woodinville, Volcán de mi Tierra, Chandon, Cloudy Bay, Terrazas de los Andes brands, etc.; No. 1 worldwide), wines (Cape Mentelle, Château D'Yquem, etc.), cognacs (mainly Hennessy; No. 1 worldwide), whisky (mainly Glenmorangie), etc.;
The remaining net sales (23.6%) are from selective distribution through the Sephora, DFS, Miami Cruiseline chains and Le Bon Marché and La Samaritaine department stores.
At the end of 2025, products are marketed via a network of 6,283 outlets located throughout the world.
Net sales are distributed geographically as follows: France (8.3%), Europe (18%), Japan (7.9%), Asia (26.5%), the United States (25.6%) and other (13.7%).
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