Pulse.ng logo
Go

Ralph Lauren Iconic designer steps down as CEO of his eponymous brand

Ralph Lauren has officially been replaced as CEO of his eponymous global brand, check on details about his replacement...

  • Published:
24/7 Live - Subscribe to the Pulse Newsletter!

Ralph Lauren has officially stepped down as CEO of his eponymous fashion retail and lifestyle empire.

READ: Jeremy Scott sued over Katy Perry's Met Gala dress

Ralph Lauren at taking a bw after showing his Fall '08 collection at the then MBFW play

Ralph Lauren at taking a bw after showing his Fall '08 collection at the then MBFW

(Style)

 

The iconic designer who successfully turned his New York based brand into a successful global brand revealed yesterday 29th September 2015 that he was stepping down CEO of the brand and has already announced a new replacement as former executive at H&M, and current president of Old Navy Stefan Larsson.

READ: Jeremy Scott debuts docu-movie trailer

The move was necessary to for Ralph Lauren to "consolidate its finances, as the multiple Ralph Lauren-associated brands struggle against a strong dollar, greater luxury-level competition, and a falling share price" according to Time Magazine.

Lauren revealed to Time that he "doesn't feel like he's stepping back now,"  but will quit "when they start designing things I can’t understand."

Ralph Lauren play

Ralph Lauren

(Pinterest)

 

Ralph Lauren will still be involved in the creative process of the brand. Larsson is expected to step into his new role as CEO later this November.

READ: Karl Lagerfeld steps out in unusual colourful look

Born to Ashkenazi Jewish parents from the Soviet Union (Belarus) as Ralph Lifshitz in 1939 he later changed his name to Ralph Lauren.

Do you ever witness news or have a story that should be featured on Pulse Nigeria?
Submit your stories, pictures and videos to us now via WhatsApp: +2349055172167, Social Media @pulsenigeria247: #PulseEyewitness & DM or Email: eyewitness@pulse.ng. More information here.