Ralph Lauren Corp will sell high-end apparel brand Club Monaco to private equity firm Regent LP for an undisclosed amount, as the apparel retailer doubles down on its eponymous label.
The sale of upscale casual wear brand Club Monaco, established in 1985 and bought by Ralph Lauren in 1999, is expected to close by the end of June, Ralph Lauren said on Thursday.
To trim losses and elevate its core Ralph Lauren brand, the company has concentrated on its online presence, cut costs. It recently moved its Chaps brand to a licensed model as a part of its strategy.
Regent, L.P. is a multi-sector private equity firm based in Beverly Hills, California. Many of Regent’s investments have been in the software, technology, consumer products, retail and media space. Its founder and chairman is Michael Reinstein.
Source: Reuters
Can’t stop reading? Read more
Carlyle and Goldman Sachs open private credit funds to Willow users with $10,000 minimum
Carlyle and Goldman Sachs open private credit funds to Willow users with $10,000 minimum Carlyle,...
EQT, PAI, and Stone Point shortlisted for €2bn takeover of Castik-backed Global Group
EQT, PAI, and Stone Point shortlisted for €2bn takeover of Castik-backed Global Group EQT, PAI...
CAIS Advisors unveils retail vehicle giving investors a stake in elite sports and media
CAIS Advisors unveils retail vehicle giving investors a stake in elite sports and media Eldridge...