Ralph Lauren Corporation (NYSE:RL) announced today the appointment of Valérie Hermann to President of Ralph Lauren Luxury Collections, effective April 7. In this newly created role, Ms. Hermann will be responsible for strategy, merchandising, distribution, and overall expansion of the global luxury businesses, including Men’s and Women’s Collection brands in apparel, RRL and accessories, as well as timepieces, fine jewelry, eyewear and fragrance. Ms. Hermann will report directly to Ralph Lauren, Chairman and Chief Executive Officer (CEO) of Ralph Lauren Corporation, and will join the Office of the Chairman.
“This is a very exciting moment for our Company,” said Mr. Lauren. “Luxury epitomizes the aspirational aesthetic of the Ralph Lauren brand, and we felt that it was time to capitalize on the success we have achieved by leveraging the collective strengths of our luxury portfolio and placing them under a single leader. Valérie is an exceptionally skilled executive with an instinctive ability to marry the commercial and creative sides of luxury. She has extensive experience working with many of the leading European fashion houses and is ideally positioned to work alongside me and the leadership team to accelerate the global growth and expansion of our luxury business.”
“It is with great excitement and pride that I am joining Ralph Lauren,” said Ms. Hermann. “I have always admired the extraordinary aura of the Ralph Lauren brand. It globally exemplifies the essence of elegance and appeal and stands for everything we admire about America, defining the standards for luxury and an inimitable way of life that the world immediately recognizes. I have tremendous respect for Mr. Lauren, and I am honored to join the Office of the Chairman and to have the opportunity to work with the incredible team he has assembled.”
Prior to joining the Company, Ms. Hermann was CEO of Reed Krakoff. From 2005-2011, Ms. Hermann served as CEO of Yves Saint Laurent, now called Saint Laurent Paris. Previously, she worked in various capacities at LVMH Moët Hennessy Louis Vuitton, including Director of Women's Ready to Wear at Dior. Ms. Hermann started her career at the Comité Colbert, the Paris-based luxury goods trade association.