Ralph Lauren to Step Down as CEO of Ralph Lauren

The household name will be handing over the keys to his fashion empire.
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The household name will be handing over the keys to his fashion empire.
Ralph Lauren

"RalphLauren" by Edgar de Evia[1] - David McJonathan personal collection[1]. Licensed under CC BY-SA 3.0 via Wikimedia Commons

It was announced recently that Ralph Lauren will be stepping down as CEO of his eponymous fashion company. Lauren will be replaced by Stefan Larsson, current president of Old Navy and former executive at H&M.

Says the New York Times of the decision:

In an interview, Mr. Lauren, 75, said he intended to remain active at the company he founded almost a half-century ago in roles as executive chairman and chief creative officer. Mr. Larsson will report to Mr. Lauren, though Mr. Lauren characterized their relationship as a “partnership.”

What do you think?

Personally, I'm interested to see how the brand changes under Larsson - while it's sad that Ralph is stepping down, it looks like he'll still be involved, and I can't wait to see what Larsson brings from H&M and Old Navy. It'll be exciting to witness the company's evolution.

Are you sad about this change? Are you a big fan of the Ralph Lauren brand? Let us know by leaving a comment.