FeaturesMay 18, 2017
Ralph Lauren names Procter & Gamble executive as CEO
NEW YORK -- Ralph Lauren Corp. is tapping Procter & Gamble executive Patrice Louvet as its next CEO as the fashion brand seeks to turn its business around. Louvet was president of Procter & Gamble's beauty brands, which includes Pantene shampoo and Olay anti-wrinkle cream. He is replacing Stefan Larsson, who announced in February he would leave the New York-based company after less than two years in the job...
Associated Press
NEW YORK -- Ralph Lauren Corp. is tapping Procter & Gamble executive Patrice Louvet as its next CEO as the fashion brand seeks to turn its business around.
Louvet was president of Procter & Gamble's beauty brands, which includes Pantene shampoo and Olay anti-wrinkle cream. He is replacing Stefan Larsson, who announced in February he would leave the New York-based company after less than two years in the job.
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Like other retailers, Ralph Lauren's revenue has been hurt as more shoppers skip department stores and choose to shop online.
Louvet will start at Ralph Lauren in July.
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