Skip To Content
JEWISH. INDEPENDENT. NONPROFIT.
News

Ralph Lauren CEO Leaves After Less Than Two Years

Ralph Lauren Corp. announced today that Chief Executive Officer Stefan Larsson, 42, is leaving after less than two years as CEO, according to the Chicago Tribune.

Larsson was brought on board to implement a new creative vision, but reportedly he and Ralph Lauren, 77, disagreed on how to revive the brand.

Shares are down 11 percent to $75.50 on news of the creative duo’s split circulated.

“We both recognize the need to evolve. However, we have found that we have different views on how to evolve the creative and consumer-facing parts of the business,” Lauren said in the statement. He continued, “After many conversations with one another, and our board of directors, we have agreed to part ways.”

Larsson previously worked for H&M and Old Navy, chain stores that are tailored to a different demographic than Lauren’s upscale clothing.

“When you bring in an executive from a company that’s primarily a mass discounter, when you’re participating in the high end and the premium market, you’re not going to get a good fit,” said Milton Pedraza, the head of Luxury Institute.

Ralph Lauren Corp. will pay Larsson $10 million in severance and health benefits over the next two years.

Contact Andrea Cantor at [email protected]

A message from our CEO & publisher Rachel Fishman Feddersen

I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning, nonprofit journalism during this critical time.

At a time when other newsrooms are closing or cutting back, the Forward has removed its paywall and invested additional resources to report on the ground from Israel and around the U.S. on the impact of the war, rising antisemitism and polarized discourse..

Readers like you make it all possible. Support our work by becoming a Forward Member and connect with our journalism and your community.

—  Rachel Fishman Feddersen, Publisher and CEO

Join our mission to tell the Jewish story fully and fairly.

Republish This Story

Please read before republishing

We’re happy to make this story available to republish for free, unless it originated with JTA, Haaretz or another publication (as indicated on the article) and as long as you follow our guidelines. You must credit the Forward, retain our pixel and preserve our canonical link in Google search.  See our full guidelines for more information, and this guide for detail about canonical URLs.

To republish, copy the HTML by clicking on the yellow button to the right; it includes our tracking pixel, all paragraph styles and hyperlinks, the author byline and credit to the Forward. It does not include images; to avoid copyright violations, you must add them manually, following our guidelines. Please email us at [email protected], subject line “republish,” with any questions or to let us know what stories you’re picking up.

We don't support Internet Explorer

Please use Chrome, Safari, Firefox, or Edge to view this site.