ralph lauren

Designer Paul Smith reorganized his fashion empire after worst performing annual profit

Britain fashion icon Sir Paul Smith revamped his company after annual profits plunged 50 percent into the lowest levels since its 40-year existence. This Is Money reported that Smith said his fashion empire needs a "kick up the backside." He said been streamlining the brand's clothing ranges, shut down to stores, and made some managers redundant. The company's pre-tax income went down £9.7million this year ending June, a decrease from last year's £20.7million.

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Futuristic Smart Mirror is Now in Ralph Lauren's Dressing Room

Ralph Lauren clothing store in Fifth Avenue in Midtown Manhattan, New York is now equipped with smart dressing room. The dressing room designed by Oak, a tech startup company to enhance customer experience.

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Founder and CEO Ralph Lauren steps down; appoints Stefan Larsson as successor

Founder Ralph Lauren quit the position as the CEO of the Ralph Lauren Corporation. He will be replaced by Stefan Larsson in November. After five decades, the fashion industry veteran, Ralph Lauren steps down as the company's CEO. Mr. Lauren appoints Stefan Larsson to take over the position. All the same, the legendary designer will still lead Ralph Lauren Corporation as an executive chairman and chief creative officer, the Wall Street Journal reported.

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