Ralph Lauren has bought its Membership Monaco model to non-public fairness agency Regent, L.P., the American vogue firm stated Thursday. The monetary phrases of the sale haven’t been disclosed.
The sale is a part of a strategic overhaul introduced final yr meant to refocus the corporate on its core manufacturers, the corporate stated. Ralph Lauren additionally struck a licencing deal for its Chaps model final yr. The deal is predicted to shut by the tip of June, the corporate stated.
Membership Monaco, an elevated fundamentals model based in Toronto in 1985, was acquired by Ralph Lauren 22 years in the past and has remained a comparatively small a part of the group’s retail enterprise, with 73 instantly operated shops worldwide as of December final yr.
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