The top executive at Gap Inc.’s fastest growing division, Old Navy, has resigned to become CEO of Ralph Lauren.
Players from 32 countries have poured into Brazil for a month-long contest of extraordinary soccer skill, known as the Copa do Mundo, the 2014 FIFA World Cup.
Ralph Lauren Corp. on Friday announced that Roger Farah, executive chairman, will retire at the end of May. He will remain on the company’s board until his terms expires in August.
Ralph Lauren Corp. reported that profit for the quarter ended June 29 dipped 6% to $181 million, compared with $193 million in the year-ago period.
Ralph Lauren Corp. reported a 35% jump in fourth-quarter profit as the retailer benefited from lower cotton prices.