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US lifestyle products marketer Ralph Lauren to sell Club Monaco

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Pic: JHVEPhoto / Shutterstock.com
Ralph Lauren Corporation, a global leader in the design, marketing and distribution of premium lifestyle products, will sell Club Monaco brand to leading global private equity firm Regent, LP. The transaction is expected to close by the end of June 2021. The transaction represents a continued focus on Ralph Lauren s Next Great Chapter Plan.
“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, Ralph Lauren. ....

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Ralph Lauren to offload Club Monaco

Ralph Lauren said the transaction epresents a continued focus on its Next Great Chapter Plan
Ralph Lauren is to sell its Club Monaco brand to global private equity firm Regent, LP as the US fashion company increases its focus on its core namesake brands.
Announced today (13 May), the deal comes after Ralph Lauren outlined a Fiscal 2021 Strategic Realignment Plan last year that would accelerate its Next Great Chapter Plan , which was first announced in 2018.
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. ....

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Ralph Lauren Corporation (NYSE:RL) - Ralph Lauren Sells Club Monaco Brand To Private Equity Firm

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Ralph Lauren Corp (NYSE: RL) has sold its Club Monaco brand to the private equity firm Regent, L.P., for an undisclosed sum.
What Happened: Club Monaco is a casual clothing retailer with more than 140 locations worldwide. The company was founded in Toronto in 1985 and acquired by Ralph Lauren in 1999.
In a press statement, Ralph Lauren described the sale of Club Monaco as being part of its Fiscal 2021 Strategic Realignment Plan, which included a review of its portfolio to determine which brands are poised for sustainable growth.
“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,” said Patrice Louvet, president and CEO. 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.” ....

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University of Evansville Board approves realignment plan

University of Evansville Board approves realignment plan
University of Evansville Board approves realignment plan
By Tanner Holbrook and Jill Lyman | March 12, 2021 at 12:03 PM CST - Updated March 12 at 7:08 PM
EVANSVILLE, Ind. (WFIE) - On Friday, the University of Evansville Board of Trustees met to consider the new realignment plan announced Thursday.
Board members say they amended the motion from the Executive Committee to ensure the three majors proposed for elimination (Art History, Philosophy, and Religion) go to the Curriculum Committee and the Faculty Senate for their recommendation to the president prior to the board formally considering their elimination.
Trustees voted unanimously to approve the overall institutional realignment plan, as amended. ....

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UE announces new realignment plan with fewer cuts

UE announces new realignment plan with fewer cuts
UE announces new realignment plan with fewer cuts
By Jill Lyman and Tanner Holbrook | March 11, 2021 at 12:58 PM CST - Updated March 11 at 6:45 PM
EVANSVILLE, Ind. (WFIE) - University of Evansville President Christopher Pietruszkiewicz has announced a new realignment plan with fewer cuts.
The plan will be presented to the board Friday.
Last December, UE announced an academic realignment plan that would possibly have eliminated 17 majors from the university.
Thursday’s announcement includes changes to academics, athletics and administration.
Officials say it ensures that UE will continue to offer 75+ majors and remain a part of Division I athletics. ....

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