30 Sep '15, 4pm

Ralph Lauren plans for future growth with new CEO

Ralph Lauren fall/winter 2015 runway show Fashion designer Ralph Lauren is stepping down as CEO position at his eponymous company. Taking his place at the helm of the brand beginning in November is Stefan Larsson, who was most recently global president of Old Navy, where he achieved three consecutive years of growth and a total $1 billion increase in sales. With this new hire, Mr. Lauren will remain executive chairman and chief creative officer, keeping a hand in the company he founded but also opening it up to new ideas for growth. New leadership Prior to Old Navy, Mr. Larsson spent 15 years at H&M, where he was part of a team that grew its sales from $3 billion to $17 billion. He was also instrumental in H&M’s expansion from 12 to 44 countries. In a brand statement, Mr. Lauren said, “My job is to think always about the future of our company and how to move it forward. St...

Full article: http://www.luxurydaily.com/ralph-lauren-plans-for-future-...

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