Oh no! Can you believe this shocking news? Ralph Lauren has officially stepped down as CEO of the legendary fashion house and we are heartbroken! Although he has left his position, he named his successor, and we’re pretty excited about it!
Ralph Lauren has officially stepped down as the CEO of his highly acclaimed fashion house and we are completely shocked and saddened by this news. The brand has been a household name for years and his collections have always been stunning. He has named his successor, Stefan Larsson, former H&M executive and president of Old Navy. We are so sad to see Ralph go, are you?
Although he has stepped down as CEO, he will remain as executive chairman and chief creative officer. “When they start designing things I can’t understand, I’ll quit. But I don’t feel like I’m stepping back now,” Ralph told The New York Times.
Stefan gushed about Ralph, “One of the biggest reasons for me to join is the opportunity to work side by side with someone like Ralph.”
Ralph’s very last and most recent show at New York Fashion Week was an amazing way to end his career on a fabulous note. We are heartbroken by the news and sad to see him go, but we are also excited to see what the company has in store for us next.
Even Ralph himself seems excited about this new partnership, “I interviewed lots of people who were in luxury. But Stefan has a great quality that made me say: ‘You can be my new C.E.O.’. He’s unique as a man, a man who’s capable of building businesses and growing companies, but at the same time he’s sensitive to people’s feelings.”
Wow, how crazy and unexpected is this news? As long as Ralph thinks this a good idea, then we are definitely on board! What do you guys think? Are you as upset as we are?
— Olivia Elgart