Stefan Larsson (businessman)


Stefan Larsson is an American businessperson in the global fashion industry and President of PVH Corporation. He serves on the Board of Directors for The RealReal. Before joining PVH he was the chief executive officer of the Ralph Lauren Corporation, Global President of Old Navy, and part of the leadership team at H&M for nearly 15 years.

Early life and education

Born in 1974, Larsson received a Master of Science in Business Administration jointly from the Hanken School of Economics in Finland and Jönköping International Business School in Sweden.

Career

Old Navy

Larsson served as global president of Old Navy, part of The Gap's portfolio, from October 2012 to September 2015. He transformed Old Navy into Gap Inc.'s top performing business unit, achieving three consecutive years of profitable growth and better sales revenues than Banana Republic and Gap. By offering trendy clothing at low prices and overhauling its global supply chain to increase speed to market, Larsson increased Old Navy's revenue by nearly $1 billion.

Hennes & Mauritz

Larsson worked for the Swedish fashion company Hennes & Mauritz for nearly 15 years, rising to the position of Head of Global Sales "with functional responsibility for about 2,300 stores and nearly all of its $17 billion in annual sales." During that time, he was part of the executive team that increased annual revenues from $3 billion to $17 billion and expanded its operations from 12 to 44 countries. He also oversaw real estate, store design and construction.

Ralph Lauren

On 29 September 2015, it was announced that Stefan Larsson would replace the company's founder, Ralph Lauren, as CEO in November. Lauren stayed on as executive chairman and chief creative officer.
The Company and Stefan Larsson mutually agreed to part ways after Ralph Lauren stated they found themselves having different views on how to evolve the creative and consumer-facing parts of the business.
In February 2017 it was announced that Larsson had agreed to leave his position as CEO effective May 1, 2017 due to differences with Lauren. On the day of Larsson’s departure, the Ralph Lauren stock dropped -12% on NYSE. He was replaced by Patrice Louvet.

PVH Corporation

In June 2019 Larsson became President for PVH Corporation, a fashion group with $9.7B in revenues 2018. Larsson oversees all of PVH’s brands and regions including Calvin Klein and Tommy Hilfiger.

The RealReal Inc.

Larsson serves on the Board of Directors for the RealReal Inc., a resell platform for luxury goods which went public on Nasdaq in June 2019.