Before his 76 birthday next month, Ralph Lauren famous for creating a cult following around the world for their clothes with the iconic polo player branding, has decided to hand in the reigns to Stefan Larsson.
Stefan is expected to recreate the same global perspective as he did at his former work experience at Old Navy and move Ralph Lauren Company to a fresher new look.
During Stefan’s Larsson tenure at H& M, he helped the company to grow from $3 billion to $17 billion with 44 global operations. At the same time, Ralph Lauren had reported a drop in revenue of 5.3% from June 2014 to June 2015. It’s RL stock, has been down by 44% since then. After news came in of the hiring of Stefan Larsson shares rose by 5%.
