Fumbling Retail CEOs Should Now Be Very Scared

Amid poor holiday seasons, lagging stock prices and angst about the long-term impact of the shift toward digital shopping, it appears retail CEOs are now on a very short leash. said Sunday that CEO Frederic Cumenal will step down effective immediately after less than two years on the job.

Ralph Lauren CEO Leaving After Creative Clash With Founder

Ralph Lauren Corp. abruptly announced that Chief Executive Officer Stefan Larsson will be leaving after a creative clash with the fashion brand’s founder, sending shares of the struggling company into a tailspin. Larsson, who previously ran Gap Inc.’s Old Navy, will be departing Ralph Lauren on May 1 after less than two years on the job, the company said on Thursday.

VW, Robert Bosch Agree to Pay $1.6B to Settle U.S. Diesel Claims

Volkswagen has agreed to pay at least $1.26 billion to fix or buy back nearly 80,000 polluting 3.0 liter diesel-engined vehicles — and could be forced to pay up to $4.04 billion if regulators don’t approve fixes for all vehicles, court documents filed late Tuesday showed. In December, VW said it had agreed to buy back 20,000 vehicles and expected to fix another 60,000.

Valentino designer in solo couture debut; Gaultier goes acid

All eyes in Paris were on the debut solo couture display from Valentino designer Pierpaolo Piccioli following the move of his design partner to Dior. And if the rousing applause was any indication, his sublime styles of ethereal goddesses were a hit for the guests that included Kristin Scott Thomas, “La Vie en Rose” actress Clotilde Courau and fashion maestro Valentino Garavani himself.

Fashion icon

The event, staged last September in a vast hall in the grounds of the Musee Rodin in Paris, featured designs by Maria Grazia Chiuri, the new artistic director of Christian Dior, the fashion house run by Mr Toledano. The time is right for change, says Mr Toledano.

EBay Gets Hands-On in Fighting Fake Handbags With New Service

EBay Inc. will begin authenticating luxury handbags, footwear and other commonly counterfeited fashion items this year, looking to gain an edge as shoppers become more wary of the abundance of fake goods posted to online marketplaces. The company will use a network of brand experts to verify that a Chanel handbag listed on the marketplace, for instance, is real.