RALPH LAUREN APPOINTS NEW CEO

Ralph Lauren Corporation has announced Patrice Louvet as their new CEO. Louvet was previously group president of Procter & Gamble’s global beauty unit that looks after 12 brands including Head & Shoulders, Olay and Pantene. Previous CEO Stefan Larsson left the role citing creative differences with executive chairman Ralph Lauren, leaving the position vacant for three months until they named Louvet as his successor.