Ralph Lauren Corp.
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This photo provided by Ralph Lauren shows new company CEO Patrice Louvet. 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 2017 that he would leave the New York-based company after less than two years in the job. (Courtesy of Richard Phibbs/Ralph Lauren via AP)
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This photo provided by Ralph Lauren shows new company CEO Patrice Louvet. 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 2017 that he would leave the New York-based company after less than two years in the job. (Courtesy of Richard Phibbs/Ralph Lauren via AP)
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People pass the Polo Ralph Lauren store on Fifth Avenue, Tuesday, April 4, 2017, in New York. Ralph Lauren Corp. said that it is shuttering the high-profile store less than three years after opening it. The closure is part of the New York fashion company's plan to save $140 million annually. The company said it will close other stores, cut jobs and shut some corporate offices, but did not provide details. (AP Photo/Mark Lennihan)
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People pass the Polo Ralph Lauren store on Fifth Avenue, Tuesday, April 4, 2017, in New York. Ralph Lauren Corp. said that it is shuttering the high-profile store less than three years after opening it. The closure is part of the New York fashion company's plan to save $140 million annually. The company said it will close other stores, cut jobs and shut some corporate offices, but did not provide details. (AP Photo/Mark Lennihan)
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Traffic passes the Polo Ralph Lauren store on Fifth Avenue, Tuesday, April 4, 2017, in New York. Ralph Lauren Corp. said that it is shuttering the high-profile store less than three years after opening it. The closure is part of the New York fashion company's plan to save $140 million annually. The company said it will close other stores, cut jobs and shut some corporate offices, but did not provide details. (AP Photo/Mark Lennihan)
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FILE - In this Sept. 29, 2015 file photo, designer Ralph Lauren, right, poses in his office with Stefan Larsson in New York. Larsson, CEO of Ralph Lauren Corp., will be stepping down from the post in May 2017, less than two years after taking over the role. Founder Ralph Lauren says he and Larson had different views on how to run parts of the business. Shares plunged 10 percent in Thursday, Feb. 2, 2017 premarket trading. (AP Photo/Jason DeCrow)
