With its stock down almost 50 percent since 2014, the legendary brand is taking a page from its younger competitors.Video provided by Newsy
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Ralph Lauren needs to start making money again, and CEO Stefan Larsson’s plan to do it includes restructuring in a move aimed at saving $220 million over the next year.
It will mean closing at least 50 stores and cutting 8% of the full-time workforce, or about 1,000 employees, in order to create a leaner business that operates with fewer layers of management. Larsson also wants to bring the brand mo…
Read the full article at: http://www.usatoday.com/story/money/2016/06/07/ralph-lauren-restructuring-business/85543514/