Ralph Lauren (RL) Stock Gains After Lauren Steps Down, New CEO Named, Jim …


After 48 years, Ralph Lauren is stepping down as CEO of his namesake company.

NEW YORK (TheStreet) — Ralph Lauren Corp. (RL – Get Report) stock is advancing by 12.55% to $117.11 in mid-morning trading on Wednesday, after the company appointed Gap (GPS) executive Stefan Larson as CEO to replace founder Ralph Lauren.

​Ralph Lauren announced today that he will be stepping down as CEO of his company, handing the executive reins over to Stefan Larsson, who was previously the global president of Old Navy. Lauren has been at the helm 

NEW YORK, United States — Ralph Lauren Corp. said the company's founder will step down as chief executive officer and be succeeded by Gap Inc. executive Stefan Larsson. Larsson, who was global president of Gap's Old 

The other visionary leader in the news is Ralph Lauren, who announced Tuesday that he's stepping down as CEO of his company RL 12.28% . You may say that his vision wasn't remotely as grand and breathtaking as Musk's, and in some ways that's clearly