Ralph Lauren, the quintessential American designer who built a fashion empire based on sweeping fantasies of country-club prep and the Wild West, is stepping down from his post as chief executive of the company.
Taking the helm at Ralph Lauren is Stefan Larsson, a former H&M executive and president of Old Navy, Gap’s down-market brand, which he is credited with reviving. Old Navy has consistently been one of the few bright spots in Gap’s brand portfolio since Mr. Larsson, who is Swedish, took over in 2012, making him one of the most visible executives in retailing.
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