The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Ralph Lauren has sold its Club Monaco brand to private equity firm Regent, L.P., the American fashion company said Thursday. The financial terms of the sale have not been disclosed.
The sale is part of a strategic overhaul announced last year intended to refocus the company on its core brands, the company said. Ralph Lauren also struck a licencing deal for its Chaps brand last year. The deal is expected to close by the end of June, the company said.
Club Monaco, an elevated basics brand founded in Toronto in 1985, was acquired by Ralph Lauren 22 years ago and has remained a relatively small part of the group’s retail business, with 73 directly operated stores worldwide as of December last year.
Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices on handbags and accessories in the affordable luxury sector, harming consumers.
As a push to maximise sales of its popular Samba model starts to weigh on its desirability, the German sportswear giant is betting on other retro sneaker styles to tap surging demand for the 1980s ‘Terrace’ look. But fashion cycles come and go, cautions Andrea Felsted.
The rental platform saw its stock soar last week after predicting it would hit a key profitability metric this year. A new marketing push and more robust inventory are the key to unlocking elusive growth, CEO Jenn Hyman tells BoF.
Nordstrom, Tod’s and L’Occitane are all pushing for privatisation. Ultimately, their fate will not be determined by whether they are under the scrutiny of public investors.