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The American group scored sales for 1.4 billion dollars, while the net benefit was 117.1 million dollars.
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Ralph Lauren started in 1967 as a specialized tie company. Over the years, the group diversified to its offer for both men and women and launched new lines such as Polo Ralph Lauren. In 2015, the designer, carrying the name of the brand, gave up the reins of the business, although he continues to lead the creative direction.
The American group scored sales for 1.4 billion dollars, while the net benefit was 117.1 million dollars.
The US company tripled its profit although its sales only grew by 1%. The company pointed out that the results exceeded the expectations.
Kevin Carrigan joined Ralph Lauren in 2016 from Calvin Klein, where he was global creative director until the recruitment of Raf Simons.
The British company, owned since 2017 by chemicals company Ineos, has appointed Sean Leahnhardt-Moore as new creative director, replacing former head Delphine Ninous.
Ahrendts worked the miracle on the British brand, joined Apple and now enters Ralph Lauren’s board to give back the brand its old splendour after years of restructuring.
The current head of retail at Apple was the architect of Burberry’s transformation. This is the return of Ahrendts into fashion since she joined the technology company in 2014.