By  on February 19, 2014

NEW YORK — Ralph Lauren is aggressively looking to accelerate growth in the luxury segment of his $7 billion empire.

To that end, he has hired Valérie Hermann, former president and chief executive officer of Reed Krakoff, as president of Ralph Lauren Luxury Collections, a new post. Hermann will report directly to Lauren, chairman and ceo of Ralph Lauren Corp. She begins April 7.

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