Ralph Lauren sells Club Monaco to private equity firm
Ralph Lauren has sold its Club Monaco fashion brand to the Regent private equity firm.
The transaction is expected to complete by the end of June.
The move follows the group’s evaluation of its brand portfolio last year and its commitment to ensuring that its core brands are positioned for growth. The sale of Club Monaco, combined with the licensing of the Chaps brand last year, has concluded the portfolio evaluation.
Patrice Louvet, president and chief executive of Ralph Lauren, said: “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 confident that Regent is the right home for Club Monaco to realise its full potential, as they will be able to leverage their strategic and operational expertise to continue Club Monaco’s growth.”
Michael Reinstein, chairman of Regent, added: “Club Monaco is a beloved brand with a modern style, loyal customer base and long runway for growth,” said “We 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.”
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