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 exe...
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 exe...
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