Ralph Lauren is going to have to work harder for his bonus and restricted stock options next year.
In a regulatory filing with the Securities and Exchange Commission, Polo Ralph Lauren Corp. said that its chairman and chief executive officer, starting in fiscal 2009, will be entitled to a bonus “only if 80 percent, rather than 50 percent, of the performance target had been achieved.” The filing said the changes put Lauren’s compensation arrangements in line with those of “other members of senior management.”
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)