RALPH LAUREN SELLS CLUB MONACO

Ralph Lauren Corporation announced on Thursday that it has sold the Club Monaco brand to private equity firm Regent, L.P. The transaction is expected to close by the end of June. Terms of the sale were not disclosed.

“For 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,” said Patrice Louvet, president and chief executive officer at Ralph Lauren Corporation. “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 realize its full potential, as they will be able to leverage their strategic and operational expertise to continue Club Monaco’s growth.”

Last year, Ralph Lauren announced a Fiscal 2021 Strategic Realignment Plan that would accelerate the company’s Next Great Chapter Plan. Included in this realignment was an evaluation of the company’s 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.

“Club Monaco is a beloved brand with a modern style, loyal customer base, and long runway for growth,” added Michael Reinstein, chairman of Regent. “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.”