Ralph Lauren Announces Sale of Club Monaco to Leading Private Equity Firm Regent
Transaction Represents a Continued Focus on Ralph Lauren’s Next Great Chapter Plan
Regent to Leverage Strategic and Operational Expertise to Continue Club Monaco’s Growth
“For the past twenty-two years, Club Monaco has been an important and valued part of the
“Club Monaco is a beloved brand with a modern style, loyal customer base and long runway for growth,” said
Regent is a global private equity firm focused on acquiring businesses and deploying its strategic and operational expertise to fuel growth and innovation. Since its inception, Regent has successfully acquired businesses from leading Fortune 500 and large-cap companies around the globe. Their portfolio includes companies in retail, media and technology.
Selected investments include Escada, DiamondBack, Redline, La Senza, Brands4Friends,
For more information, please visit www.regentlp.com.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release, and oral statements made from time to time by representatives of the Company, may contain certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding, among other things, our current expectations about the Company's future results and financial condition, revenues, store openings and closings, employee reductions, margins, expenses, earnings, and citizenship and sustainability goals and are indicated by words or phrases such as "anticipate," "outlook," "estimate," "expect," "project," "believe," "envision," "goal," "target," "can," "will," and similar words or phrases. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from the future results, performance or achievements expressed in or implied by such forward-looking statements. Forward-looking statements are based largely on the Company's expectations and judgments and are subject to certain risks and uncertainties, many of which are unforeseeable and beyond our control. The factors that could cause actual results to materially differ include, among others: risks relating to the Club Monaco transaction, including the disposition not being completed in the expected time frame or at all, the Company not meeting internal assumptions or expectations in connection with the transaction, and not recognizing all of the anticipated positive results from the transaction; our ability to achieve anticipated operating enhancements and cost reductions from our restructuring plans, as well as the impact to our business resulting from restructuring-related charges, which may be dilutive to our earnings in the short term; and other risk factors identified in the Company’s Annual Report on Form 10-K, Form 10-Q and Form 8-K reports filed with the