In our next instalment of Cover Stories, we explore the legacy of Mr Ralph Lauren — head of America’s first fashion family and the cover star of Port magazine’s Summer 2014 issue — and the inevitable question that every founder-led company faces: how to plan for succession, that ultimate changing of the guard?
The Savigny Luxury Index continued its upward ascent gaining over two percent this month, driven by positive newsflow and reassured prospects for the Chinese economy.
NEW YORK, United States — A weak sales outlook overshadowed strong fourth-quarter and annual earnings at Ralph Lauren, sending shares down almost 6 percent at the open to a new low for the past year.
The Savigny Luxury Index (“SLI”) leaped by 3.5 percent last month, as the feel-good factor returned to the luxury sector, underpinned by strong results announcements and positive market reaction to repositioning strategies.
NEW YORK, United States — Designer clothing company Ralph Lauren Corp reported a 10 percent rise in third-quarter profit, helped by higher sales at its own stores, sending its shares up 8 percent in premarket trading.
Investors are moving away from bigger groups towards smaller brands and American “affordable luxury.” Meanwhile, the jury is still out as to whether the crucial trading period from Thanksgiving to Christmas will deliver strong results, but sentiment remains positive, reports Pierre Mallevays of Savigny Partners.
LONDON, United Kingdom — Today, BoF brings you the next instalment of “When They Were Kids,” a cartoon series depicting fashion figures as children, created by our friend Fashion Cartoonist.
NEW YORK, United States — Ralph Lauren Corp on Wednesday raised its full-year sales forecast on the expectation of strong gains during the holiday quarter, and raised its dividend.
NEW YORK, United States — Ralph Lauren Corp. announced a number of leadership changes Wednesday to help grow its business. The New York-based luxury retailer said that it is creating an office of the chairman, which will be led by Chairman and CEO Ralph Lauren and include three other executives: Roger Farah, Jackwyn Nemerov and Christopher Peterson.