Economy. Ralph Lauren ruled their modeimperium in almost 50 years before he dared to hand over managerial responsibility – to the swede, Stefan Larsson. But barely a year and a half later kicks he Larsson because of disagreements.
In a message on klädjättens site explains the 77-year-old american fashion designer that both he and Larsson understands the importance of developing the company, but they do not agree with each other about the direction and have agreed to go their separate ways.
Larsson, who remain attached to the may 1, says that the plan that the company adopted in June. It goes, among other things, to focus on what made the company location.
A shirt or lammullströja from Polo Ralph Lauren, was a recurring garment in many wardrobes during the so-called yuppie era in the 80 and 90s. But the company has struggled against declining profitability, writes the business magazine Forbes. The value of the shares has fallen by 22 per cent during the past year, and declined further when the news about Larsson’s departure was presented.
Lauren told me at the same time that revenue from sales during the holidays fell by 12 percent to 1,71 billion dollars, writes Reuters.
Larsson was previously general manager at american clothing company Old Navy, a part of the us clothing chain Gap, before he took up his position on Ralph Lauren. Before that, he worked as a sales manager at H&M.