The designer Ralph Lauren is to step down as the head of the luxury fashion company he founded nearly 50 years ago.
He will be replaced as chief executive in November by Stefan Larsson, president of Old Navy, the low-price clothes brand owned by Gap Inc, the BBC reports.
Mr. Lauren, who turns 76 in October, plans to stay on as the chief designer for the label.
The news caused Ralph Lauren’s shares to rise 3.9 per cent in post-trading hours. Shares in […]
Ralph Lauren, American Designer celebrates 50th year marriage anniversary with his beautiful Wife, Ricky today. Happy Anniversary to them.
Ralph Lauren, As of September 2012, Forbes estimates his wealth at $7 billion, which makes him the 191st richest person in the world.
See more photos of unforgettable moments in their marriage institution
Ralph and Ricky Lauren
Ralph Lauren and Oprah, during Oprah show interview
Ralph and Ricky Lauren during their youthful days with their 3 Children – Andrew, Dylan & David
The 3 Kids are now grown up and successful […]