You are here
Ralph Lauren CEO to step down after disagreements with founder
[BENGALURU] Ralph Lauren Corp said Stefan Larsson, its chief executive for just over a year, will step down on May 1 following disagreements with chairman Ralph Lauren over the direction of the company.
The company also reported a 12 per cent fall in holiday quarter revenue to US$1.71 billion, hurt by a slump in wholesale shipments to customers as consumer demand weakened.
Ralph Lauren's shares fell 10 per cent to US$78.3 in premarket trading on Thursday.