Brands, valued at more than 8 billion, with 500 stores around the globe. At the helm is a chief executive who came into the job seven years ago with no fashion experience, but determination to return the brand to luxury, attracting younger highvalue customers. Patrice when i started this job, i often got the question, is ralph lauren still relevant . Right . Which is a painful question to listen to, honestly, but we had to some extent lost touch with the younger generation. Francine in this episode of leaders with lacqua, i speak to Patrice Louvet, about the companys founder ralph lauren and his plans to take the company back to its roots. Patrice louvet, thank you so much for joining us on bloomberg. Patrice very happy to be here, francine. Francine do you have the best job in the world . Patrice pretty close. Francine because it is fun . What was the most surprising thing about your job since you first started . Patrice there are so many things. Probably the thing that actually attra
Brands, valued at more than 8 billion, with 500 stores around the globe. At the helm is a chief executive who came into the job seven years ago with no fashion experience, but determination to return the brand to luxury, attracting younger highvalue customers. Patrice when i started this job, i often got the question, is ralph lauren still relevant . Right . Which is a painful question to listen to, honestly, but we had to some extent lost touch with the younger generation. Francine in this episode of leaders with lacqua, i speak to Patrice Louvet, about the companys founder ralph lauren and his plans to take the company back to its roots. Patrice louvet, thank you so much for joining us on bloomberg. Patrice very happy to be here, francine. Francine do you have the best job in the world . Patrice pretty close. Francine because it is fun . What was the most surprising thing about your job since you first started . Patrice there are so many things. Probably the thing that actually attra
Francine it started 56 years ago with a tie. Today, ralph lauren is one of the worlds most iconic fashion brands, valued at 8 billion with 500 stores around the globe. At the helm, a chief executive who came into the store seven years ago with no fashion experience but a determination to return the brand to luxury, attracting younger, high value customers. When i started the job, i often got the question, is ralph lauren still relevant . Which is a painful question to listen we had to some extent to honestly . We had to some extent lost that to the younger generation. Francine today, i speak to the ceo of ralph lauren about the Company Founder and his plans to take the company back to its roots. Patrice louvet, thank you so much for joining us on bloomberg. Patrice very happy to be here. Francine do you have the most fun job in the world . Patrice it is pretty fun. Probably the thing that attracted me to this opportunity is the opportunity to work with ralph, right . This man is a visi
Patrice what is exciting is when you see where this company started, you see what it has become. It has all been driven by a consistent vision. A consistent purpose. Francine it started 56 years ago with a tie. Today, ralph lauren is one of the worlds most iconic fashion brands, valued at more than 8 billion, with 500 stores around the globe. At the helm is a chief executive who came into the job seven years ago with no fashion experience, but determination to return the brand to luxury, attracting younger highvalue customers. Patrice when i started this job, i often got the question, is ralph lauren still relevant . Right . Which is a painful question to listen to, honestly, but we had to some extent lost touch with the younger generation. Francine in this episode of leaders with lacqua, i speak with Patrice Louvet, the companys founder ralph lauren and his plans to take the company back to its roots. Patrice louvet, thank you so much for joining us on bloomberg. Patrice very happy to
Dani katie welcome to Bloomberg Markets. You look at markets at the moment and you can see there some green on the screen a high me. You can see the s p 500 currently up by about 3 10 of a percent. You look at big tech right now the nasdaq 100 even higher paid 4 10 of a percent. Small moves overall. A change in direction after a pretty rocky start. Taking a look at the Philadelphia Semiconductor index you can see that sleeving games right now. Lets get right to one of the big stories today and that is peloton. The Fitness Company announcing its ceo is stepping down after two years. Its also cutting 15 of staff as part of its restructuring efforts and among Bloomberg Technology joins us with more details and i hate to say this was a surprise what was your reaction . Ed the Market Action is a big surprise. We were climbing steady, session highs 18 . Took the resistance off. Speed and power now we are at a flat road. Completely flat on the stock. It is astonishing trading and the markets