Ralph Lauren Retires, His Nephew Takes The Place
nbsp;nbsp;nbsp; For David Lauren, this is a week with double luck. He announced his engagement with former U.S. President Bush’s niece, the world famous model Lauren Bush. And just after the celebration in the farm of BrendaHampton, he got promotion notice immediately. No doubt that this is the best gift to his fianceacute;e.
nbsp;nbsp;nbsp; Ralph Lauren, who is now 71-year-old, decided to retire from his career, and wanted to deliver this position of CEO to the young man David Lauren. Of course, Lauren is also his nephew. David is incumbent Executive vice President of Ralph Lauren brand. He is also the only one in the relatives working in this company.
nbsp;nbsp;nbsp; Ralph Lauren is not only a excellent designer, but a successful businessman at the same time. His experience has become the power of many young designers improving themselves. In these years, he devises strategies within a command tent. About 13 years ago, he had made his company come into the market successfully. And today, only the retail sales price has reached 12 billion US dollars. Quarterly financial report also shows that total sales of the company in this quarter has rose 33.3%, which is also good news for investors. One of the investors Harry Korba said: quot;Yesterday the closing price has reached up to $125.28 on the New York stock exchange market.quot; Last week the company just held on annual meeting of shareholders. On the meeting, shareholders voted and successfully changed the companyrsquo;s original name of Polo Lauren to Lauren showed, which means the change of company image. In the future, its brand series will no longer use this word of quot;Poloquot;. Ready to retire the home to enjoy his life, Lauren showed that the direction of the brand in the future is still unknown, and also can’t estimate. But what he can only make sure is that David will play a very important role in developing this brand.
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