Fashion

Valérie Hermann to step down from Ralph Lauren


Ralph Lauren’s president of global brands plans to leave the
company. Valérie Hermann, who has been with Ralph Lauren Corp. since
2014 will depart from her role, effective September 30. A replacement
has not been announced.

“Valérie Hermann has made the decision to step down from her role.
We had an open dialogue about this, and together agreed to transition
the team she has successfully put in place to drive our brand strategy
forward,” reads a company statement. “Valérie has made a valuable
impact on our business, strengthening our luxury capabilities and
playing a critical role in our brand elevation strategy.”

The executive joined Ralph Lauren as president of luxury
collections before becoming global brand president of luxury and
eventually president of global brands almost three years ago. Prior to
her work with Ralph Lauren, Hermann spent six years as CEO of Saint
Laurent and four years as director of women’s ready-to-wear for
Dior.

Business of Fashion reported that Hermann’s separation agreement
entails 2.9 million dollars in salary and severance, with up to an an
additional 300 thousand dollars in expenses.



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