Understanding how forests respond to multiple disturbances is becoming increasingly important under global change. We examined the simultaneous influence of canopy decline and deer browsing on regeneration in an old-growth reserve and surrounding managed forest dominated by Fagus sylvatica L. and Abies alba Mill. in Slovenia. We quantified both disturbance processes by measuring characteristics of canopy gaps and reconstructing historical deer densities. Forest response was assessed with repeated measurements of tree regeneration and regeneration patterns within deer exclosures. Most gaps were formed by mortality of A. alba (71%), and gapmaker characteristics suggest that gaps formed slowly and often expanded, resulting in a mosaic of openings covering 17% of the old-growth reserve. Fagus sylvatica dominated the regeneration layer throughout the reserve and recruited to taller height classes over the past 26 years. The recruitment failure of preferred browse species (A. alba and Acer pseudoplatanus L.) in the reserve and the successful recruitment of these species within exclosures indicate that selective browsing by deer has altered the successional response to A. alba decline, facilitating the dominance of F. sylvatica. Given that global change may increase forest decline worldwide and the ubiquitous nature of deer browsing in many temperate forests, understanding their combined effects on forests will become increasingly important.