Ralph Lauren To Step Down As CEO September 30, 2015September 29, 2015 / GTDAdmin It’s a sad day for Lo-heads everywhere: Ralph Lauren is stepping down as the CEO of his own eponymous label. Stefan Larsson — a former H&M executive and the man largely responsible for the revival of Gap subsidiary Old Navy — is set to take over the reigns as the company looks to improve its earnings. Though quarterly earnings topped analyst estimates, yearly revenue has dipped 5.3% as share prices have been slashed nearly in half. The 75-year-old Lauren intends to stay onboard in roles as executive chairman and chief creative officer with Larsson reporting directly to him. “When they start designing things I can’t understand, I’ll quit,” said Lauren. “But I don’t feel like I’m stepping back now.” Got the drop on Hypebeasts . . . Share this: Click to share on X (Opens in new window) X Click to share on Facebook (Opens in new window) Facebook Click to share on Reddit (Opens in new window) Reddit Click to share on WhatsApp (Opens in new window) WhatsApp Click to share on Pinterest (Opens in new window) Pinterest Click to share on Tumblr (Opens in new window) Tumblr Like Loading...
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