Ralph Lauren signs five-year contract
Designer and founder of eponymous US brand will continue as CEO until 2017.
By Suzanna Bain
3 July 2012
Ralph Lauren will continue heading up his eponymous fashion house until 2017, it has been announced.
The designer, whose business began more than 40 years ago with a collection of ties, has signed a five-year contract to continue as CEO until April 1, 2017.
He will continue to lead the Ralph Lauren portfolio, which includes menswear, womenswear, childrenswear, jewellery, accessories and homewares, as well as fragrance.
May 2012 saw the company announce a 20 per cent increase in profits, which Lauren attributes to new product launches and international expansion.
China is a key long-term focus for the brand, with Lauren anticipating the region will become “an important driver of growth”.
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