Ralph Lauren Corporation news and archive

Ralph Lauren Q4 revenues increase, reports profit

Ralph Lauren Corporation reported loss per diluted share of 1.01 dollars on a reported basis and earnings of 38 cents on an adjusted basis for the fourth quarter of fiscal 2021. This compared to loss per diluted share of 3.38 dollars on a reported basis and 68 cents on an adjusted basis, for the fourth quarter of fiscal 2020. For fiscal 2021,...

Business

Ralph Lauren sells Club Monaco to PE investor Regent

Ralph Lauren Corporation has announced the sale of the Club Monaco brand to global private equity firm Regent, L.P. The company said that the transaction is expected to close by the end of June. “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. We are...

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Ralph Lauren reports decline in Q3 sales and earnings

Ralph Lauren Corporation reported earnings per diluted share of 1.61 dollars on a reported basis and 1.67 dollars on an adjusted basis, for the third quarter of fiscal 2021 compared to earnings per diluted share of 4.41 dollars on a reported basis and 2.86 dollars on an adjusted basis, for the same quarter of fiscal 2020. Net revenue decreased...

Business

Ralph Lauren to cut global workforce by the end of fiscal 2021

Ralph Lauren Corporation has announced that as part of its plan to accelerate sustainable long-term growth, the company will reduce its global workforce by the end of the company’s fiscal 2021, which is expected to result in gross annualized pre-tax expense savings of approximately 180 million dollars to 200 million dollars, with savings...

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Ralph Lauren Q1 loss reaches 128 million dollars, sales down 66 percent

Ralph Lauren reported net loss in the first quarter of 128 million dollars or loss of 1.75 dollars per diluted share on a reported basis. On an adjusted basis, net loss was 133 million dollars or loss of 1.82 dollars per diluted share. This compares to net income of 117 million dollars or 1.47 dollars per diluted share on a reported basis, and...

Business

Ralph Lauren draws down 475 million dollars from credit line

Ralph Lauren Corporation has taken additional pre-emptive actions to preserve cash and strengthen its liquidity while navigating the evolving global pandemic. The company said in a statement that measures include managing its expense structure across all key areas of spend, reducing or delaying capital expenditures and aligning inventories to...

People

Linda Kozlowski to join Ralph Lauren board of directors

In addition to the recent announcement that Michael George joined the company’s board of directors and Angela Ahrendts agreed to be nominated to join in August, the company announced that Linda Findley Kozlowski, COO at Etsy, has agreed to be nominated to join the company’s board in August. "We continue to build on the strength of our board with...

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Ex-Burberry CEO Angela Ahrendts to join Ralph Lauren board of directors

Ralph Lauren Corporation has announced that it plans to add Angela Ahrendts and has appointed Michael George to the company’s board of directors. The company added that the board intends to nominate Ahrendts for election at the annual meeting of stockholders, expected in August 2018, and has appointed George effective May 9, 2018. These...

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Ralph Lauren hires senior executives to strengthen global digital presence

Ralph Lauren Corporation has made several senior talent appointments to drive expansion of the company’s digital presence globally. The company said, Alice Delahunt will join Ralph Lauren in the newly created role of Chief Digital Officer, reporting to Patrice Louvet, Chief Executive Officer, and will be a part of the company’s executive...