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Ralph Lauren hires Old Navy head to replace him as CEO

Stefan Larsson, 41, brings experience of managing business at Gap and H&M

Published Wed, Sep 30, 2015 · 09:50 PM

New York

AMERICAN designer Ralph Lauren, who built a fashion powerhouse on luxury designs inspired by country club chic, announced on Tuesday he is stepping down as chief executive officer and named the head of Gap Inc's populist Old Navy brand to the position.

Ralph Lauren Corp, founded by 75-year-o…

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