No acquisition worth was publicly disclosed for the Membership Monaco model. The sale comes after Ralph Lauren introduced its Fiscal 2021 Strategic Realignment Plan, which included evaluations of the businesses numerous manufacturers with sustainable progress as a key precedence. The sale of Membership Monaco will deliver this analysis course of to an finish after Ralph Lauren additionally licensed its Chaps model final 12 months.
“We see large alternative for Membership Monaco and are excited to leverage our retail and e-commerce experience to construct upon the sturdy model that the Ralph Lauren staff constructed over twenty years of stewardship,” stated Michael Reinstein the Chairman of Regent.
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