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THE FAMILY BUSINESS: Ralph Lauren’s nephew, Greg Lauren, is set to launch his own high-end men’s and women’s collection this spring, according to sources. The high-concept designs are hand-sewn by the younger Lauren and already have been picked up by Barneys New York and a select group of top specialty retailers. Up until now, the new designer was better known for his artwork, some of which deconstructed the semiotics of clothing.