Luxury apparel maker Ralph Lauren Corp beat estimates for quarterly profit on Tuesday, benefiting from higher demand in international markets, but weak sales in its biggest market, North America, disappointed investors.
The outerwear brand has announced the promotion of Ana Mihaljevic to chief commercial officer, a role in which she replaces Rick Wood, who will now serve as executive advisor on key strategic projects.
Harrods is back with its groundbreaking luxury charity pop-up store following last year’s debut opening. For 2019, it’s running a one-month-only pop-up shop featuring an edit of major labels in the heart of Marylebone.
Loewe has finally opened the doors of its Casa Loewe in London after a year of refurbishment. The three-storey flagship store replaces the brand’s Mount Street boutique to become the only Loewe shop in the UK capital.
Ralph Lauren is launching its own green initiative, debuting a new polo shirt made from recycled bottles and announcing its commit to removing 170 million plastic bottles from landfills and oceans by 2025.
France accounts for over one quarter of the total sales of the top 100 luxury corporations worldwide according to Deloitte’s 2019 report, with 9 groups listed and LVMH, L'Oréal, Kering and Chanel in the top 10.