As anyone who has worn that famous short-sleeve pique shirt with the "Polo" logo or a crest silk tie with the majestic "LRL" knows, Ralph Lauren has been the creator behind decades of fashion influence.
Last week, the fashion pioneer announced he would be stepping down as CEO at his eponymous company. Stefan Larsson, the global president of Gap's thriving low-price Old Navy chain, will be taking his place in November. At 75, however, Lauren still remains a forceful footprint in the business of style.
It's hard not to gulp at the billion-dollar empire Lauren has created. His extraordinary rise can be credited to more than just his talent in creating beautiful tailored pinstripe suits and nubby tweed blazers.
Much of the Lauren's success lies in his ability to market himself as the ultimate lifestyle purveyor of a perfect, upper-class, all-American image. So perfect, in fact, that one might not even know when he or she is wearing an item designed by Ralph Lauren.
Ever worn a piece of clothing by Chaps or Club Monaco? Black Label, Blue Label, Purple Label? These brands fall under the house of Ralph Lauren. Remember the soft, alluring outfits worn by Robert Redford and Mia Farrow in Jack Clayton's version of The Great Gatsby? Or Diane Keaton's tomboy-and-chic look in Annie Hall? All designed by Lauren.
The ability to have such a large presence through all the iterations of his company is what truly defines Lauren as an incredible businessman. The Ralph Lauren Corp. company brands include Polo by Ralph Lauren, Ralph Lauren Collection, Lauren by Ralph Lauren, RRL, RLX, Ralph Lauren Childrenswear, and Denim & Supply Ralph Lauren -- to name just a few.
"He was able to tap directly into a lifestyle that resonated with so many people," explained Minkoff.
Watch the clip above to see what else she had to say about the success behind Lauren's vision.