When Team USA walks with the world’s athletes at the Paris Olympics‘ opening ceremony, they’ll be doing so in snappy tailored navy blazers from Ralph Lauren—and blue jeans. Just regular, everyday, denim blue jeans. Ralph Lauren, which unveiled Tuesday its ninth turn creating Olympic parade looks for the Americans, is billing the pairing as “unexpected,” yet classic. David Lauren, the company’s chief branding and innovation officer and its founder’s son, was unbothered by...

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