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Big Ralph Lauren Sale

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Ralph Lauren will soon be about $955 million richer after selling off part of his stock in Polo Ralph Lauren. (Pretty nice set up considering that he's already worth already worth $4.6 billion.) Could this mean that Ralph is getting ready to pass on the mantle to a successor in the near future? Speculation is that son, current Polo exec, Lauren Bush dater and 2009 Vanity Fair Best Dressed recipient David Lauren is being groomed as a successor (his two siblings do not work for the company). The industry will be keeping their eye on this, but in the meantime, Ralph will have some pretty nice retirement funds in store. [NYP]