Pros
Ralph Lauren, as a company, is a fantastic brand to work for. It attracts top talent which means that for the most part - your bosses and colleagues will be smart and enthusiastic people. When you step back, you realize that much of the organization's work that happens is world class - which can be exciting.
Cons
As many other reviewers have noted, the company is under going an intense period of change. Stefan is weeding out a lot of the management that served under the old guard - which is a good thing...but unfortunately not all that need to go are gone. In fact, many good employees with the strength to drive change were let go. Additionally, everything from processes to IT systems to ways of benchmarking the business are being redone which has caused tremendous confusion amongst the ranks (yes...even the most senior leaders that don't really understand the meaning of rising stars or cash cows).