Entertainment briefs 9/30/15

Pharrell giving books to needy children

NEW YORK -- Pharrell Williams and his book publisher have launched a "Happy" campaign for young readers. Along with Penguin Young Readers, the singer has joined with FirstBook, a not-for-profit literacy organization, to donate up to 50,000 books to children in low-income families. Penguin announced Tuesday the Twitter hashtag #readHappy had been established for fans to post thoughts or images on why reading makes them "Happy." Every post shared elsewhere on social media will lead to a donation. "Every child on this planet deserves to experience the joy of reading," Pharrell said in a statement. Pharrell's picture book, "Happy," based on his hit song, comes out next week.

Ralph Lauren to step down as CEO

NEW YORK -- Ralph Lauren is stepping down as CEO of the fashion and home decor empire that he founded nearly 50 years ago. The New York-based company announced Tuesday that Stefan Larsson, who has been the global president of Gap's low-price Old Navy chain for three years, will succeed him. The change will be effective in November, and Larsson will report to Lauren who will continue to drive the company's vision and strategy as executive chairman and chief creative officer. "My job is to think always about the future of our company and how to move it forward," Lauren said in a statement. "Stefan Larsson is exceptionally talented, and he will bring our company a fresh and exciting global perspective." The news comes as Ralph Lauren, which generated sales of $7.5 billion in the latest fiscal year March 28, has been expanding its luxury business while beefing up its online presence.

-- From wire reports

Ralph Lauren