The sale to Regent, along with last year's decision to turn its lower-priced Chaps brand into a licensed business "concludes this portfolio evaluation," the company said. There are two plot points in the hit movie "The Devil Wears Prada" that arguably haven't aged well: One is main character Andy's controlling boyfriend and the other is the snide comment by her friend that she misses the girl who thinks "Club Monaco is couture.
Not that Club Monaco is couture, exactly, but the brand has a lot of well-dressed fans. Twenty-two years ago, when Ralph Lauren snapped it up, the company was in an expansion mode that it is now dismantling to a great extent. That may have a lot to do with consumers' embrace of casual clothing for just about every occasion — something that has also hit Banana Republic hard and has only been exacerbated by the pandemic.
Analysts including Credit Suisse's Michael Binetti anticipated the move, with Credit Suisse in late April noting that a Club Monaco sale would boost earnings in the near term. It's always an evolution. The disruption to retail caused by the pandemic has presented companies with an opportunity to reset, he also said.
Follow Daphne Howland on Twitter. After a rapid leadership shakeup, and amid significant debt, a ransomware attack and the pandemic followed, leading Alex and Ani to file bankruptcy. Gen Z sets trends fast — and they won't hesitate to leave retailers who can't keep up in the dust. Topics covered: retail tech, e-commerce, in-store operations, marketing, and more.
Search x. An article from. Dive Brief. Published May 13, Daphne Howland Senior Reporter. Dive Brief: Ralph Lauren on Thursday announced the sale of its Club Monaco brand to private equity firm Regent for an undisclosed amount, a deal expected to close by the end of June. Filed Under: Financial News. The running list of retail bankruptcies After a rapid leadership shakeup, and amid significant debt, a ransomware attack and the pandemic followed, leading Alex and Ani to file bankruptcy.
How traditional teen apparel brands went out of style Gen Z sets trends fast — and they won't hesitate to leave retailers who can't keep up in the dust.
Our first store opened to lines around the block on Queen Street West in Toronto. From there, we broadened our collection, embraced our community, and moved to New York. But through it all, our love of the details—the texture, form, fabric, design—has never gone away. All of this allows us to experiment thoughtfully—the mark of true style. From this, our promise was born; experiment thoughtfully so you are confidently inspired—creating a Club where all are welcome to grow and evolve their style.
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