Designer Ralph Lauren, right, and CEO Stefan Larsson had different views on how to run parts of the business, resulting in the CEO's departure from the company effective May 2017. Article Continued BelowPrior to joining Ralph Lauren, Larsson was global president of Gap's Old Navy business, transforming the brand into a bright spot within a couple of years. Ralph Lauren shares, which have fallen more than 20 per cent in the past year, dropped more than 11 per cent Thursday. When Larsson took over as CEO in late 2015, he was the first chief executive at the iconic company not named Ralph Lauren. He acted quickly, slashing costs to improve the balance sheet and tightening the company's focus on the brands that made Ralph Lauren known worldwide.

Source: thestar February 02, 2017 20:37 UTC