Thursday Sept 30, 2015
Ralph Lauren appointed the head of Old Navy as the new CEO for RL. This is unusual as RL has been known for promoting from within. The Luxury Brands have been hard hit with a higher US Dollar and the slowdown China, where most have recently expanded.
Check out the RL website. Ralph came from humble beginnings in Brooklyn and has been married to the same gal for some 48 years, a rarity in this league.