{"id":492960,"date":"2021-05-13T08:06:33","date_gmt":"2021-05-13T12:06:33","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ralph-lauren-announces-sale-of-club-monaco-to-leading-private-equity-firm-regent\/"},"modified":"2021-05-13T08:06:33","modified_gmt":"2021-05-13T12:06:33","slug":"ralph-lauren-announces-sale-of-club-monaco-to-leading-private-equity-firm-regent","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ralph-lauren-announces-sale-of-club-monaco-to-leading-private-equity-firm-regent\/","title":{"rendered":"Ralph Lauren Announces Sale of Club Monaco to Leading Private Equity Firm Regent"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Ralph Lauren Announces Sale of Club Monaco to Leading Private Equity Firm Regent<\/b><\/p>\n<p class=\"bwalignc\"><b><i>Transaction Represents a Continued Focus on Ralph Lauren\u2019s Next Great Chapter Plan<\/i><\/b><\/p>\n<p class=\"bwalignc\"><b><i>Regent to Leverage Strategic and Operational Expertise to Continue Club Monaco\u2019s Growth<\/i><\/b><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nRalph Lauren Corporation (NYSE: RL) today announced the sale of the Club Monaco brand to leading global private equity firm Regent, L.P. The transaction is expected to close by the end of June.\n<\/p>\n<p>\n\u201cFor 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,\u201d said Patrice Louvet, President and Chief Executive Officer. \u201cAs 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 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\u2019s growth.\u201d\n<\/p>\n<p>\nLast year, Ralph Lauren announced a Fiscal 2021 Strategic Realignment Plan that would accelerate the Company\u2019s Next Great Chapter Plan. Included in this realignment was an evaluation of the Company\u2019s brand portfolio, with a focus on ensuring its core brands are well positioned for sustainable growth. The sale of Club Monaco to Regent, combined with the licensing of the Chaps brand last year, concludes this portfolio evaluation.\n<\/p>\n<p>\n\u201cClub Monaco is a beloved brand with a modern style, loyal customer base and long runway for growth,\u201d said Michael Reinstein, Chairman of Regent. \u201cWe see tremendous opportunity for Club Monaco and are excited to leverage our retail and e-commerce expertise to build upon the strong brand that the Ralph Lauren team built over two decades of stewardship.\u201d\n<\/p>\n<p><b>ABOUT RALPH LAUREN CORPORATION <\/b><\/p>\n<p>\nRalph Lauren Corporation (NYSE:RL) is a global leader in the design, marketing and distribution of premium lifestyle products in five categories: apparel, footwear &amp; accessories, home, fragrances and hospitality. For more than 50 years, Ralph Lauren\u2019s reputation and distinctive image have been consistently developed across an expanding number of products, brands and international markets. The Company\u2019s brand names, which include Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, Chaps and Club Monaco, among others, constitute one of the world\u2019s most widely recognized families of consumer brands. For more information, go to <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fcorporate.ralphlauren.com&amp;esheet=52428949&amp;newsitemid=20210513005335&amp;lan=en-US&amp;anchor=https%3A%2F%2Fcorporate.ralphlauren.com&amp;index=1&amp;md5=d762b4c13a5389f8dc7d5762bf2ad739\">https:\/\/corporate.ralphlauren.com<\/a>.\n<\/p>\n<p><b>ABOUT REGENT, L.P.<\/b><\/p>\n<p>\nRegent is a global private equity firm focused on acquiring businesses and deploying its strategic and operational expertise to fuel growth and innovation. Since its inception, Regent has successfully acquired businesses from leading Fortune 500 and large-cap companies around the globe. Their portfolio includes companies in retail, media and technology.\n<\/p>\n<p>\nSelected investments include Escada, DiamondBack, Redline, La Senza, Brands4Friends, Plainville Farms, Sassoon, Sunset Magazine, Lillian Vernon, HistoryNet and Sightline- a media portfolio comprised of 18 newspapers and magazines. Regent is based in Beverly Hills, California.\n<\/p>\n<p>\nFor more information, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.regentlp.com&amp;esheet=52428949&amp;newsitemid=20210513005335&amp;lan=en-US&amp;anchor=www.regentlp.com&amp;index=2&amp;md5=509e654973509652023757408b357d99\">www.regentlp.com<\/a>.\n<\/p>\n<p><strong>SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS<\/strong><\/p>\n<p>\nThis press release, and oral statements made from time to time by representatives of the Company, may contain certain &#8220;forward-looking statements&#8221; within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding, among other things, our current expectations about the Company&#8217;s future results and financial condition, revenues, store openings and closings, employee reductions, margins, expenses, earnings, and citizenship and sustainability goals and are indicated by words or phrases such as &#8220;anticipate,&#8221; &#8220;outlook,&#8221; &#8220;estimate,&#8221; &#8220;expect,&#8221; &#8220;project,&#8221; &#8220;believe,&#8221; &#8220;envision,&#8221; &#8220;goal,&#8221; &#8220;target,&#8221; &#8220;can,&#8221; &#8220;will,&#8221; and similar words or phrases. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from the future results, performance or achievements expressed in or implied by such forward-looking statements. Forward-looking statements are based largely on the Company&#8217;s expectations and judgments and are subject to certain risks and uncertainties, many of which are unforeseeable and beyond our control. The factors that could cause actual results to materially differ include, among others: risks relating to the Club Monaco transaction, including the disposition not being completed in the expected time frame or at all, the Company not meeting internal assumptions or expectations in connection with the transaction, and not recognizing all of the anticipated positive results from the transaction; our ability to achieve anticipated operating enhancements and cost reductions from our restructuring plans, as well as the impact to our business resulting from restructuring-related charges, which may be dilutive to our earnings in the short term; and other risk factors identified in the Company\u2019s Annual Report on Form 10-K, Form 10-Q and Form 8-K reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210513005335r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210513005335\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210513005335\/en\/<\/a><\/span><\/p>\n<p>\nNeha Wadhwa<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Neha.Wadhwa@RalphLauren.com\">Neha.Wadhwa@RalphLauren.com<\/a><\/p>\n<p>\nInvestor Relations<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:IR@RalphLauren.com\">IR@RalphLauren.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> New York United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Retail Home Goods Luxury Fashion<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210513005335\/en\/304270\/3\/RL_Corporation_%28Black%29.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Ralph Lauren Announces Sale of Club Monaco to Leading Private Equity Firm Regent Transaction Represents a Continued Focus on Ralph Lauren\u2019s Next Great Chapter Plan Regent to Leverage Strategic and Operational Expertise to Continue Club Monaco\u2019s Growth NEW YORK&#8211;(BUSINESS WIRE)&#8211; Ralph Lauren Corporation (NYSE: RL) today announced the sale of the Club Monaco brand to leading global private equity firm Regent, L.P. The transaction is expected to close by the end of June. \u201cFor 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,\u201d said Patrice Louvet, President and Chief Executive Officer. \u201cAs we &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ralph-lauren-announces-sale-of-club-monaco-to-leading-private-equity-firm-regent\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Ralph Lauren Announces Sale of Club Monaco to Leading Private Equity Firm Regent&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-492960","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ralph Lauren Announces Sale of Club Monaco to Leading Private Equity Firm Regent - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ralph-lauren-announces-sale-of-club-monaco-to-leading-private-equity-firm-regent\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ralph Lauren Announces Sale of Club Monaco to Leading Private Equity Firm Regent - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Ralph Lauren Announces Sale of Club Monaco to Leading Private Equity Firm Regent Transaction Represents a Continued Focus on Ralph Lauren\u2019s Next Great Chapter Plan Regent to Leverage Strategic and Operational Expertise to Continue Club Monaco\u2019s Growth NEW YORK&#8211;(BUSINESS WIRE)&#8211; Ralph Lauren Corporation (NYSE: RL) today announced the sale of the Club Monaco brand to leading global private equity firm Regent, L.P. The transaction is expected to close by the end of June. \u201cFor 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,\u201d said Patrice Louvet, President and Chief Executive Officer. \u201cAs we &hellip; Continue reading &quot;Ralph Lauren Announces Sale of Club Monaco to Leading Private Equity Firm Regent&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/ralph-lauren-announces-sale-of-club-monaco-to-leading-private-equity-firm-regent\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-13T12:06:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210513005335r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ralph-lauren-announces-sale-of-club-monaco-to-leading-private-equity-firm-regent\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ralph-lauren-announces-sale-of-club-monaco-to-leading-private-equity-firm-regent\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Ralph Lauren Announces Sale of Club Monaco to Leading Private Equity Firm Regent\",\"datePublished\":\"2021-05-13T12:06:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ralph-lauren-announces-sale-of-club-monaco-to-leading-private-equity-firm-regent\\\/\"},\"wordCount\":882,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ralph-lauren-announces-sale-of-club-monaco-to-leading-private-equity-firm-regent\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210513005335r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ralph-lauren-announces-sale-of-club-monaco-to-leading-private-equity-firm-regent\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ralph-lauren-announces-sale-of-club-monaco-to-leading-private-equity-firm-regent\\\/\",\"name\":\"Ralph Lauren Announces Sale of Club Monaco to Leading Private Equity Firm Regent - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/ralph-lauren-announces-sale-of-club-monaco-to-leading-private-equity-firm-regent\/","og_locale":"en_US","og_type":"article","og_title":"Ralph Lauren Announces Sale of Club Monaco to Leading Private Equity Firm Regent - Market Newsdesk","og_description":"Ralph Lauren Announces Sale of Club Monaco to Leading Private Equity Firm Regent Transaction Represents a Continued Focus on Ralph Lauren\u2019s Next Great Chapter Plan Regent to Leverage Strategic and Operational Expertise to Continue Club Monaco\u2019s Growth NEW YORK&#8211;(BUSINESS WIRE)&#8211; Ralph Lauren Corporation (NYSE: RL) today announced the sale of the Club Monaco brand to leading global private equity firm Regent, L.P. The transaction is expected to close by the end of June. \u201cFor 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,\u201d said Patrice Louvet, President and Chief Executive Officer. \u201cAs we &hellip; Continue reading \"Ralph Lauren Announces Sale of Club Monaco to Leading Private Equity Firm Regent\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/ralph-lauren-announces-sale-of-club-monaco-to-leading-private-equity-firm-regent\/","og_site_name":"Market Newsdesk","article_published_time":"2021-05-13T12:06:33+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210513005335r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ralph-lauren-announces-sale-of-club-monaco-to-leading-private-equity-firm-regent\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ralph-lauren-announces-sale-of-club-monaco-to-leading-private-equity-firm-regent\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Ralph Lauren Announces Sale of Club Monaco to Leading Private Equity Firm Regent","datePublished":"2021-05-13T12:06:33+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ralph-lauren-announces-sale-of-club-monaco-to-leading-private-equity-firm-regent\/"},"wordCount":882,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ralph-lauren-announces-sale-of-club-monaco-to-leading-private-equity-firm-regent\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210513005335r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ralph-lauren-announces-sale-of-club-monaco-to-leading-private-equity-firm-regent\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/ralph-lauren-announces-sale-of-club-monaco-to-leading-private-equity-firm-regent\/","name":"Ralph Lauren Announces Sale of Club Monaco to Leading Private Equity Firm Regent - 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