×
81 640
Fashion Jobs
BANANA REPUBLIC
General Manager - Old Mill District
Permanent · Bend
BANANA REPUBLIC
General Manager Dolphin Mall
Permanent · Miami
H&M
Store Visual Manager
Permanent · LAKE GROVE
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Phoenix
NORDSTROM
Asset Protection Agent - Marlboro
Permanent · Upper Marlboro
NORDSTROM
Asset Protection Agent - Metro Pointe Rack - Costa Mesa, ca
Permanent · Costa Mesa
SAKS
Manager, Asset Protection - Wbfc
Permanent · WILKES-BARRE
MACY'S
Asset Protection Detective, Southcenter - Full Time
Permanent · Seattle
MACY'S
Asset Protection Detective, Dadeland - Standard Part Time
Permanent · Miami
MACY'S
Asset Protection Detective, Dadeland - Full Time
Permanent · Miami
MACY'S
Asset Protection Detective, Reno Meadowwood - Full Time
Permanent · Reno
MACY'S
Asset Protection Security Guard, Northpark Center - Flex
Permanent · Dallas
MACY'S
Asset Protection Detective, Queens Center - Standard Part Time
Permanent · New York
MACY'S
Asset Protection Captain, Sunrise - Full Time
Permanent · Citrus Heights
MACY'S
Asset Protection Detective, Maplewood - Standard Part Time
Permanent · Maplewood
MACY'S
Asset Protection Detective, Thousand Oaks - Full Time
Permanent · Thousand Oaks
MACY'S
Asset Protection Detective, Del Amo Fashion Center - Full Time
Permanent · Torrance
SAKS OFF 5TH
Manager, Marketing Strategy
Permanent · NEW YORK
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Southaven
Permanent · Southaven
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Opry Mills
Permanent · Nashville
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Opry Mills
Permanent · Nashville
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Opry Mills
Permanent · Nashville
Published
May 13, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Ralph Lauren sells high-end Club Monaco brand to Regent

Published
May 13, 2021

Ralph Lauren Corp will sell high-end apparel brand Club Monaco to private equity firm Regent LP for an undisclosed amount, as the apparel retailer doubles down on its eponymous label.


Photo: Club Monaco


The sale of upscale casual wear brand Club Monaco, established in 1985 and bought by Ralph Lauren in 1999, is expected to close by the end of June, Ralph Lauren said on Thursday.

“For the past twenty-two years, Club Monaco has been an important and valued part of the Ralph Lauren family, and we are grateful for the many contributions the brand and its team have made to our company,” said Ralph Lauren president and CEO Patrice Louvet in a release.

 “As we increase our focus on our core namesake brands, we want to ensure the Club Monaco brand is also well-positioned for long-term success,” added the executive. “We are confident that Regent is the right home for Club Monaco to realize its full potential, as they will be able to leverage their strategic and operational expertise to continue Club Monaco’s growth.”

To trim losses and elevate its core Ralph Lauren brand, the company has been concentrating on its online presence and articulating efforts to cut costs.

The sale of Club Monaco is part of the Strategic Realignment Plan for fiscal 2021 announced by the group last year. This strategy aims to accelerate the company's progress with its wider Next Great Chapter Plan by making sure that its core brands are in a strong position to pursue sustainable growth. As part of the same realignment plan, Ralph Lauren recently moved its Chaps lifestyle brand to a licensed model.

Like many of its peers, Ralph Lauren has struggled with the effects of the Covid-19 pandemic over the last year, reporting revenues of $1.4 billion in the third quarter ended December 26, 2020, down 18% year over year. The company’s net income for the quarter was $119.8 million.

Reuters with Robin Driver

Copyright © 2022 FashionNetwork.com All rights reserved.