Dolce & Gabbana has entered fresh talks with lenders as weak global luxury demand pressures its debt terms, working with Rothschild Co. as financial adviser. The company carries approximately 450 million euros ($519.3 million) in bank debt following a refinancing that included 150 million euros ($173.1 million) in new borrowing. Lenders are assessing options to grant more covenant flexibility, though talks remain at an early stage. The house has been squeezed by a sector-wide slowdown compounded by the war in Iran. Luxury sales fell 2% globally in 2025, per Bain & Co. and Altagamma.

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