After building one of the most iconic style brands in America, Ralph Lauren has announced that he will step down as the CEO of his namesake label come November after almost 50 years. The 75-year-old designer has tapped Stefan Larsson, former executive at H&M and president of Old Navy, as his replacement.
Despite handing over his company after decades at the helm, Lauren says he has no intention of fully retiring soon. Instead, the designer who made his name in American classics will remain on as the executive chairman and chief creative officer, meaning he will keep his hand just as deep into the company's designs as it's ever been.
"This is important to say: There is no toe in the water," Lauren told fashion trade journal Womens Wear Daily. "I love what I'm doing, I love the company... I won't be coming two days a week."
Lauren started the brand in neckties. That small, 1967 beginning blossomed into over five brands, over 200 stores, a restaurant, tons of great products, and an indisputable impact on the fashion world. One can only imagine where the next 50 years will take the company
Photos by Theo Wargo