Ralph Lauren is tanking after its CEO abruptly resigns (RL)

Ralph Lauren is down almost 10% at $ 78.62 a share ahead of the opening bell after its CEO resigned on Tuesday.

Reuters reports that Stefan Larsson, its chief executive for just over a year, will step down on May 1 after contention with chairman Ralph Lauren over the direction of the company.

In other challenges, the fashion company reported a 12% drop in holiday quarter revenue to $ 1.71 billion due to weak consumer demand.

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Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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