Ralph Lauren Announces Sale of Club Monaco to Major Personal Fairness Company Regent
NEW YORK–(Enterprise WIRE)–Ralph Lauren Company (NYSE: RL) nowadays announced the sale of the Club Monaco manufacturer to leading world personal equity firm Regent, L.P. The transaction is expected to close by the conclusion of June.
“For the past 20-two years, Club Monaco has been an vital and valued component of the Ralph Lauren family, and we are grateful for the a lot of contributions the model and its workforce have designed to our Organization,” claimed Patrice Louvet, President and Chief Govt Officer. “As we improve our focus on our main namesake manufacturers, we want to be certain the Club Monaco brand name is also effectively-positioned for very long-expression achievement. We are self-confident that Regent is the right house for Club Monaco to know its total likely, as they will be capable to leverage their strategic and operational experience to go on Club Monaco’s progress.”
Very last calendar year, Ralph Lauren announced a Fiscal 2021 Strategic Realignment Program that would speed up the Company’s Upcoming Great Chapter Strategy. Integrated in this realignment was an analysis of the Company’s brand portfolio, with a concentration on guaranteeing its core manufacturers are effectively positioned for sustainable growth. The sale of Club Monaco to Regent, blended with the licensing of the Chaps manufacturer final year, concludes this portfolio analysis.
“Club Monaco is a beloved model with a fashionable type, faithful shopper foundation and very long runway for development,” reported Michael Reinstein, Chairman of Regent. “We see great option for Club Monaco and are psyched to leverage our retail and e-commerce experience to create upon the strong manufacturer that the Ralph Lauren group built above two a long time of stewardship.”
ABOUT RALPH LAUREN Corporation
Ralph Lauren Company (NYSE:RL) is a world leader in the design and style, promoting and distribution of quality way of life products in 5 categories: apparel, footwear & add-ons, residence, fragrances and hospitality. For extra than 50 many years, Ralph Lauren’s status and exclusive graphic have been continuously made across an increasing selection of products, brand names and global marketplaces. The Company’s brand name names, which contain Ralph Lauren, Ralph Lauren Selection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Youngsters, Chaps and Club Monaco, among the some others, constitute one particular of the world’s most extensively acknowledged families of shopper brands. For much more information, go to https://corporate.ralphlauren.com.
ABOUT REGENT, L.P.
Regent is a world-wide private fairness agency focused on buying businesses and deploying its strategic and operational know-how to gas growth and innovation. Since its inception, Regent has properly acquired businesses from main Fortune 500 and substantial-cap businesses about the globe. Their portfolio incorporates companies in retail, media and technological innovation.
Selected investments incorporate Escada, DiamondBack, Redline, La Senza, Brands4Buddies, Plainville Farms, Sassoon, Sunset Magazine, Lillian Vernon, HistoryNet and Sightline- a media portfolio comprised of 18 newspapers and magazines. Regent is based mostly in Beverly Hills, California.
For far more info, make sure you visit www.regentlp.com.
Particular Notice Relating to Ahead-Seeking STATEMENTS
This press release, and oral statements designed from time to time by associates of the Corporation, may possibly contain certain “forward-seeking statements” within just the which means of the Personal Securities Litigation Reform Act of 1995. Forward-seeking statements involve statements pertaining to, amid other items, our present-day anticipations about the Firm’s upcoming success and fiscal situation, revenues, retail store openings and closings, staff reductions, margins, expenditures, earnings, and citizenship and sustainability aims and are indicated by phrases or phrases this kind of as “foresee,” “outlook,” “estimate,” “be expecting,” “project,” “believe that,” “envision,” “purpose,” “concentrate on,” “can,” “will,” and related words or phrases. These forward-wanting statements contain known and unidentified threats, uncertainties and other elements which may result in real effects, efficiency or achievements to be materially distinctive from the foreseeable future benefits, general performance or achievements expressed in or implied by this sort of ahead-on the lookout statements. Ahead-hunting statements are dependent mainly on the Firm’s expectations and judgments and are issue to specific challenges and uncertainties, lots of of which are unforeseeable and over and above our management. The factors that could lead to true final results to materially vary incorporate, amongst some others: pitfalls relating to the Club Monaco transaction, which includes the disposition not staying completed in the predicted time body or at all, the Organization not meeting inside assumptions or anticipations in relationship with the transaction, and not recognizing all of the expected optimistic final results from the transaction our potential to accomplish expected operating enhancements and expense reductions from our restructuring options, as nicely as the affect to our business resulting from restructuring-similar rates, which may well be dilutive to our earnings in the short phrase and other danger elements identified in the Company’s Once-a-year Report on Kind 10-K, Form 10-Q and Form 8-K experiences filed with the Securities and Trade Fee. The Enterprise undertakes no obligation to publicly update or revise any ahead-looking statements, irrespective of whether as a end result of new details, potential activities or if not.
