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☆ Why Ralph Lauren, the all-American luxury brand, is a hit in China
▼ + stars: | 2024-11-10 | by ( Maria Noyen | ) www.businessinsider.com time to read: +7 min

Classic luxury, which Ralph Lauren encapsulates, is resonating with Chinese consumers. "I've said it before but it bears repeating in a volatile environment, Ralph Lauren is firmly on offense," Patrice Louvet, the CEO of Ralph Lauren, said on a conference call with analysts on Thursday. Ralph Lauren classics like Polo shirts and cable-knit sweaters are a hit with Chinese consumers. Ralph Lauren targets Chinese consumers in six key cities and on local Chinese social media platforms. Sebastian Ng/SOPA Images/LightRocket via Getty ImagesWith its brick-and-mortar stores, Ralph Lauren has prospered by doing more with less.

Persons: Ralph Lauren, —, Ralph Lauren's, I've, Patrice Louvet, Xi Jinping's, Neil Saunders, Edward Berthelot, Martin, Louvet, Ralph Lauren doesn't, Zers, Sebastian Ng, Olivia Plotnick, Roll, Donald Trump's, It's Organizations: Service, New, GlobalData, McKinsey, Getty, Wai, China Locations: Asia, China, New York City, China China, Tokyo, Seoul, Shanghai, Milan, China —, Beijing, Chengdu

☆ CEOs around the world started talking about Trump's tariffs as soon as he won
▼ + stars: | 2024-11-08 | by ( Polly Thompson | ) www.businessinsider.com time to read: +8 min

It is months before Trump's inauguration, but tariffs are already on the lips of global business leaders. AdvertisementAs soon as Donald Trump won reelection, CEOs worldwide discussed his plans for a new era of global tariffs. AdvertisementOn Wednesday, Oliver Zipse, chairman of BMW, downplayed fears over tariffs during a third-quarter earnings call, citing the company's large US business. Advertisement"Politics is politics," Ikea's CEO, Jesper Brodin, told Business Insider when asked about how Trump's tariffs would affect international business. Soon after Trump's departure from the White House, the two sides ended their dispute and axed the tariffs, but renewed tariffs could lead to issues once again.

Persons: Donald Trump, Ralph Lauren, —, Trump, he'd, John Deere, Trump's, Shinju Aoyama, Aoyama, Shinji Aoyama, YOSHIKAZU, Piyush Gupta, Gupta, Europe Trump, Davidson, Oliver Zipse, Zipse, Maja Hitij, Arne Freundt, Freundt, Jesper Brodin, Guillaume Faury, Faury, OZAN KOSE, Martin Sorrell, Sorrell, Justin Picicci, Ralph Lauren's, Picicci, Timothy Boyle Organizations: BMW, Airbus, Ikea, Service, Biden, Japan's Honda Motors, Honda, Getty, DBS, Mercedes, Volkswagen, Puma, European Union, Boeing, EU, White, North, Columbia, Washington Post Locations: China, Mexico, Europe, AFP

☆ Ralph Lauren designs Team USA’s uniforms for the 2024 Olympics
▼ + stars: | 2024-06-18 | by ( Alex Rees | ) edition.cnn.com time to read: +4 min

I think that Ralph Lauren is able to understand that ethos and bring it to life,” Lauren continued. "Team USA uniforms celebrate classic styles that are made to be loved and endure for generations," Ralph Lauren said in a statement of the label's new designs — like the single-breasted blazers athletes will wear to the opening ceremony on July 26. For this occasion, Ralph Lauren designed a racecar-style jacket with USA patch detailing, a a classic striped polo and crisp white jeans. Richard Phibbs/Courtesy Ralph LaurenGymnast Shilese Jones — one of Ralph Lauren's brand ambassadors at the 2024 Games — is pictured in the closing ceremony look. John Guerrero/Courtesy Ralph Lauren

Persons: Ralph Lauren, athleisure, “, ” David Lauren, Ralph Lauren’s, ”, ” Lauren, Richard Phibbs, Ralph Lauren Four, Katie Ledecky, Steven Pan, Kamren Larsen, Ralph Lauren Denim, Jamal Hill, Daryl Homer, Shilese Jones, Ralph Lauren's, “ Ralph Lauren, ” Sarah Hirshland, ” Kiteboarder Daniela Moroz, John Guerrero Organizations: CNN, USA, Olympic, Team USA, ”, ’, Paralympic, Paris Games Locations: Paris, ”, America

☆ Ralph Lauren unveils Team USA Olympic uniforms
▼ + stars: | 2024-06-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRalph Lauren unveils Team USA Olympic uniformsCNBC's Andrew Ross Sorkin sits down with Ralph Lauren chief branding & innovation officer David Lauren to discuss the company's partnership with Team USA, how much the partnership has become part of Ralph Lauren's business vs. marketing for the brand, and more.

Persons: Ralph Lauren, Andrew Ross Sorkin, David Lauren, Ralph Lauren's Organizations: USA, Team USA

☆ Denim stocks can benefit with Western style in vogue, TD Cowen says
▼ + stars: | 2024-05-15 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

A renaissance in Western styles can boost stocks that specialize in denim, according to TD Cowen. While positive on stocks across the space, he specifically pointed to Boot Barn , Levi Strauss and Ralph Lauren as key plays on the trend. Playing the denim revival For clothing makers Levi Strauss and Ralph Lauren, Chen sees reasons to be bullish beyond just a Western resurgence. Both stocks have outperformed the market in 2024, with Ralph Lauren adding around 16% and Levi Strauss surging about 36%. Boot Barn surpassed Wall Street consensus forecasts for earnings and revenue in its fiscal fourth quarter , the company reported Tuesday.

Persons: TD Cowen, Oliver Chen, jean, Levi Strauss, Ralph Lauren, Chen, —, Louis, Taylor Swift's, Beyoncé's, Carter, Ralph Lauren's, James Conroy, Conroy, LSEG Organizations: Louis Vuitton, Department Locations: Americana, California

☆ 6 luxury brands, from Coach to Gucci, that have gotten into the restaurant game
▼ + stars: | 2024-05-07 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +5 min

Here are six luxury brands that have opened restaurants around the world. Gotham/GC Images/Getty ImagesCoachIn March, Coach opened its first-ever restaurant, called The Coach Restaurant, in Jakarta, Indonesia. The brand opened a second location in Tokyo in 2021, in its seven-story flagship in Ginza. Dior also has the Mediterranean restaurant Dior des Lices in Saint Tropez. At its Paris flagship, the French luxury fashion house has La Pâtisserie Dior and the restaurant Monsieur Dior.

Persons: —, Ralph Lauren, Ralph Lauren's, Z, Osmud Rahman, Rahman, what's, Jessica Chastain, Louis Vuitton, Café, Ginza . Louis Vuitton, Arnaud Donckele, Maxime Frédéric, Dior Dior, Dior, Monsieur Dior, Anne, Sophie Pic, Dominique Maître, Gucci Gucci, Gucci Osteria, Massimo Bottura, Tiffany, Daniel Boulud Organizations: Service, Business, Toronto Metropolitan University's School of Fashion, Canadian, Globe, Michigan, Polo, Polo Bar, New, New York, Ginza . Louis, Louis, Dior, Kansai International Airport, Dior des Lices, Paris, Michelin, Penske Media, Getty, Tiffany, Co, South, Harrods Locations: Chicago, millennials, New York City, York, Miami , Virginia, New York, Milan, Paris, Chengdu, China, Midtown, Jakarta, Indonesia, Jakarta's Grand, Osaka, Japan, Tokyo, Ginza ., Saint Tropez, Bangkok, Thailand, Europe, US, Asia, Seoul, Miami, Florence, Italy, Italian, Beverly Hills, The Florence, Tiffany, South Coast, Costa Mesa , California, London

☆ Tuesday's analyst calls: Nvidia to get a boost from new chip, Ralph Lauren poised to jump
▼ + stars: | 2024-04-30 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +9 min

Tuesday's analyst calls focused on red-hot tech giant Nvidia, which is seen as benefitting from the release of its new Blackwell chip, the GB200. 7:02 a.m.: Deutsche Bank sees 33% upside for Live Nation on strong fundamentals Strong fundamentals could spell further upside for shares of Live Nation Entertainment , according to Deutsche Bank. Soff also applauded the company for expanding into new add-on services, including providing upselling opportunities and selling advertising on the Live Nation app. Although a potential regulatory investigation could curtail the stock, Soff doesn't believe that Live Nation stock will ultimately take much damage. 6:03 a.m.: Jefferies initiates Ralph Lauren at a buy, sees momentum with younger consumers Ralph Lauren is shaping up to be a quality growth stock, according to Jefferies.

Persons: Blackwell, Jefferies, Ralph Lauren, Benjamin Soff's, Soff, shouldn't, — Lisa Kailai Han, Airbnb, James Lee, Lee's, headwinds, Brent Thrill, Ashley Helgans, Ralph Lauren's, Helgans, Taylor Swift, Timothy Acuri, Acuri, Hopper, — Lisa Kailai Han — CNBC's Michael Bloom Organizations: CNBC, Nvidia, UBS, Deutsche Bank, Nation, Live Nation Entertainment, Mizuho, Paris, tailwinds, Paris Olympics, Chegg, Blackwell, Microsoft, Oracle Locations: Europe

☆ Jim Cramer says Ralph Lauren's strength across regions shows its 'staying power' within retail
▼ + stars: | 2024-02-08 | by ( Paulina Likos | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer sees Ralph Lauren as the name is apparel to own, given the strength of the company's timeless brand. Shares of Ralph Lauren rallied 14% after the premium apparel, accessories, and fragrance company delivered an upbeat quarter before the opening bell Thursday. "Don't just take this pop" in Ralph Lauren, Cramer said Thursday. It's not a one-and-done quarter for Ralph Lauren, Cramer said. Cramer said Ralph Lauren CEO Patrice Louvet has figured out how to keep consumers interested despite the global macro challenges that have weighed on consumers.

Persons: CNBC's Jim Cramer, Ralph Lauren, Cramer, It's, Estee Lauder, Patrice Louvet Organizations: CNBC, Club Locations: Asia, China

☆ A groundbreaking new Ralph Lauren collection celebrates Indigenous design
▼ + stars: | 2023-12-05 | by ( Fawnia Soo Hoo | ) edition.cnn.com time to read: +9 min

In 2020, Ralph Lauren launched initiatives to expand its “collegiate sensibility,” which first resulted in a 2022 collaboration with Morehouse and Spelman Colleges incorporating the traditions and styles of historically Black colleges and universities. “Ralph Lauren has always been inspired by the people, art and cultures that make up America,” wrote David Lauren, son of founder Ralph and the company’s chief branding and innovation officer, in an email to CNN. Courtesy Ralph LaurenThe designer, activist and TikTok-famous skateboarder enthusiastically “reimagined” signature Ralph Lauren silhouettes, like the Great Ranch Coat, an outerwear piece she’d admired for years. “So it was just me, weaving exactly how they would, just true to their own style.”"Heritage and tradition are at the center of everything I love," said Ralph Lauren in a statement. Ryan RedCorn/Courtesy Ralph LaurenGlasses' collection features 32 pieces total, in colors "inspired by her homeland on Navajo Nation," the brand said.

Persons: Ralph Lauren’s, “ It’s, Ralph Lauren polos, nava, “, ”, Ralph Lauren, ’ ”, Ryan RedCorn, Ralph Lauren “, Tyler Sr, —, Gabriella Hearst, Jai Al, “ Ralph Lauren, David Lauren, Ralph, America —, Glasses, I’m, Ralph Lauren Glasses, Piki Wadsworth, Ralph Lauren flagships, Osage multihyphenate, ’, Daryn, “ Ryan, Ralph Lauren's, Ralph Lauren That’s, Phillip Bread, Mato Mayuhi, Tyler Organizations: CNN, New, Futures, Morehouse, Spelman Colleges Locations: Rock Point , Arizona, Navajo, New York City, Oxford, America, concho, Saltillo, White, Phoenix, lensed

☆ Menswear styles suited for the season
▼ + stars: | 2023-11-30 | by ( Sponsor Post | Created Insider Studios | ) www.businessinsider.com time to read: +4 min

This iconic shirt is not only a great gift for a loved one, but also a perfect excuse to treat yourself. Impress at the office holiday partyWhat makes special occasions, well, special, is a break from the ordinary — and what you wear contributes to that extra flair. For your annual office holiday party, retire the clothes you wear for virtual meetings or office visits. Browse all your favorite styles from Polo Ralph Lauren's Holiday collection here. This post was created by Insider Studios with Polo Ralph Lauren.

Persons: Polo Ralph Lauren, grandma, It's, Cotton Chino Ball, you've, Polo Ralph Lauren's suede, Sullivan Slim Polo, Jean, Whitman, Polo Ralph Lauren's, Gus Powell, Tiffani Williams Organizations: Oxford, Polo, Plaid, Sullivan, Insider Studios Locations: Cashmere, Cardigan, cardigan

(This is CNBC Pro's live coverage of Tuesday's analyst calls and Wall Street chatter. Meanwhile, Deutsche Bank downgraded Peloton to hold from buy, slashing its price target on the stock. ET: Deutsche Bank downgrades Peloton on challenging near-term outlook Deutsche Bank analyst Lee Horowitz downgraded Peloton to hold from buy Tuesday, slashing their price target to $4 from $13 per share. Rats gave a €71.0, or $75.84, price target on the stock, implying shares could jump 14%. Ralph Lauren (price target: $130, pointing to 13% upside): The analyst noted Ralph Lauren's "consistent execution" should allow the stock to hold its premium valuation relative to peers.

Persons: Vivek Arya, Arya, — Pia Singh, Lee Horowitz, Horowitz, Peloton's, Morgan Stanley Morgan Stanley, Martijn Rats, Steven Shemesh, Shemesh, Lowe's, Ralph Lauren, Michael Binetti, Binetti, Ralph Lauren —, TJX, Ralph Lauren's, Fred Imbert Organizations: CNBC, ISI, Nike, Deutsche Bank, RBC Capital Markets, Semiconductor, EV, BofA Bank of America, Carbide, Silicon Carbide, TAM, Depot, PCE, TJX, Athletic Locations: France

☆ Raymond James says buy this undervalued retail stock
▼ + stars: | 2023-09-22 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

Growing international market share should lift Ralph Lauren 's revenue growth, according to Raymond James. The firm initiated the stock with an outperform rating and a price target of $135 per share. RL YTD mountain RL ytd chart Analyst Rick Patel thinks that Ralph Lauren is trading below fair value, creating a buying opportunity for investors. Growing average item selling prices and unit volume from international markets such Asia should also serve to push Ralph Lauren's revenue growth higher, Patel added. This has entailed elevating its iconic brand, right-sizing its wholesale distribution, fortifying its digital capabilities, and right-sizing inventory," he wrote.

Persons: Ralph Lauren, Raymond James, Rick Patel, Patel, Ralph Lauren's, Ralph, — Michael Bloom Organizations: Wholesale Locations: North America, Asia, COVID

☆ This apparel company's earnings are poised for growth over the next two years, Guggenheim says
▼ + stars: | 2023-09-18 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

Ralph Lauren 's solid fundamentals have translated to a promising long-term growth outlook, according to Guggenheim. The firm upgraded shares of the apparel company to a buy rating from neutral on Monday, and initiated a price target of $166. Shares of Ralph Lauren have climbed nearly 8% since the start of 2023. RL YTD mountain Ralph Lauren stock year to date Analyst Robert Drbul cited the company's strong balance sheet and attractive valuation as reasons for the upgrade. The analyst expects Ralph Lauren's earnings to benefit from several cyclical tailwinds and boosted his estimates for the next two years.

Persons: Ralph Lauren, Lauren, Robert Drbul, Ralph Lauren's, Drbul, Michael Bloom Organizations: Guggenheim

☆ Stocks making the biggest moves midday: Marathon Petroleum, Tesla, Moderna and more
▼ + stars: | 2023-09-18 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

Moderna — The pharmaceutical company lost more than 8% Monday, making it the biggest decliner in the S&P 500. Enphase Energy — Shares lost 2.6% after Citi lowered its price target on shares to $170 from $209 while keeping its buy rating. The new price target implies 41% upside from Friday's close. Analyst Chris Quintero highlighted the growth opportunity for the company following a strong investment cycle. The investment bank bumped up the stock's price target to $40 from $37, citing Simply Good Foods' diverse product offering and shifting consumer preferences to healthier choices as catalysts.

Persons: Bernstein, Needham, Noubar Afeyan, Moderna's, Goldman Sachs, Mark Delaney, PayP, Ralph Lauren —, Ralph Lauren's, TD Cowen, Cowen, Tenable, Morgan Stanley, Chris Quintero, Raymond James, ASGN, Wells Fargo, —, Alex Harring, Brian Evans, Samantha Subin, Yun Li, Lisa Kailai Han, Pia Singh, Michelle Fox Organizations: — Petroleum refiners Valero Energy, Marathon Petroleum, West Texas Intermediate, Brent, Energy, Arm, Nasdaq, Securities and Exchange Commission, Pharmaceutical, Pfizer, U.S, Tesla, PayPal, MoffetNathanson, Guggenheim, Enphase Energy, Citi, Tenable Holdings, Mizuho, Aldi, Lowe's, Micron Technology, Deutsche Bank, Paramount, Disney, Warner Bros Discovery, Iridium Communications, Iridium Locations: Valero Houston, Houston , Texas, U.S

☆ Former Starbucks CEO Howard Schultz steps down from coffee chain's board
▼ + stars: | 2023-09-13 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Former Starbucks CEO Howard Schultz testifies before the Senate Health, Education, Labor, and Pensions Committee in the Dirksen Senate Office Building on Capitol Hill on March 29, 2023 in Washington, DC. Former Starbucks CEO Howard Schultz is stepping down from the coffee chain's board, the company said Wednesday. Schultz previously stepped down from Starbucks' board in June 2018 to prepare for a potential presidential run, before deciding against a bid. Zhang also previously held roles at News Corp China, CNBC China, Bain and General Electric. She is the third woman on Starbucks' nine-person board, which includes chair Mellody Hobson and Land O'Lakes CEO Beth Ford.

Persons: Howard Schultz, Schultz, Laxman Narasimhan, Kevin Johnson, Wei Zhang, Zhang, Alibaba, Bain, Ralph Lauren's, Mellody Hobson, Beth Ford Organizations: Starbucks, Health, Education, Labor, Washington , DC, CNBC, Alibaba Pictures, News Corp China, General, Land Locations: Dirksen, Washington ,, China, U.S, CNBC China

☆ Ralph Lauren posts surprise rise in quarterly sales
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: +1 min

A security guard stands outside the Ralph Lauren store during the outbreak of the coronavirus disease (COVID-19), in Beverly Hills, California, U.S., July 30, 2020. REUTERS/Mario AnzuoniAug 10 (Reuters) - Ralph Lauren (RL.N) reported a surprise rise in quarterly revenue on Thursday, as demand for its high-end sweaters, shirts and outdoor clothing saw a strong rebound in China, offsetting a slowdown in luxury spending in the United States. Luxury brands have seen a pick-up in China demand as the market reopens from COVID-19 curbs, propping up sales at several high-end labels at a time when U.S. demand has cooled. Net revenue rose to $1.50 billion in the first quarter, from $1.49 billion a year earlier. Reporting by Deborah Sophia in Bengaluru; Editing by Milla NissiOur Standards: The Thomson Reuters Trust Principles.

Persons: Ralph Lauren, Mario Anzuoni, RL.N, Ralph Lauren's, Jane Hali, Deborah Sophia, Milla Nissi Organizations: REUTERS, Associates, Thomson Locations: Beverly Hills , California, U.S, China, United States, COVID, Asia, Bengaluru

☆ Ralph Lauren CEO Patrice Louvet goes one-on-one with Jim Cramer
▼ + stars: | 2023-08-10 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Ralph Lauren CEO Patrice Louvet goes one-on-one with Jim CramerRalph Lauren CEO Patrice Louvet sits down with 'Mad Money' host Jim Cramer to talk Ralph Lauren's recent stock moves, recent guidance, the state of the consumer and more.

Persons: Ralph Lauren, Patrice Louvet, Jim Cramer Ralph Lauren, Jim Cramer, Ralph

☆ We're bringing in younger, higher-value customers, says Ralph Lauren CEO Patrice Louvet
▼ + stars: | 2023-08-10 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're bringing in younger, higher-value customers, says Ralph Lauren CEO Patrice LouvetRalph Lauren President and CEO Patrice Louvet sits down with 'Mad Money' host Jim Cramer to talk Ralph Lauren's recent stock moves, recent guidance, the state of the consumer and more.

Persons: Ralph Lauren, Patrice Louvet Ralph Lauren President, Patrice Louvet, Jim Cramer, Ralph

☆ Ralph Lauren CEO says despite company's conservative guidance, he has faith in consumers
▼ + stars: | 2023-08-10 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Ralph Lauren CEO Patrice Louvet told CNBC's Jim Cramer on Thursday that even though the company didn't raise its full-year guidance in its Thursday report, he feels optimistic about the future and has faith in the brand's core consumer. Ralph Lauren's report saw revenue come in at $1.50 billion, topping the $1.48 billion consensus estimate, according to Refinitiv. However, the company failed to raise its full-year guidance, and its stock was down nearly 5% by Thursday's close. "There is a lot of volatility right now, there's a lot of uncertainty across the channels. Louvet stressed that Ralph Lauren is also focusing on high exposure and brand visibility, touting the celebrities that have appeared in its clothing such as Jennifer Lopez, Beyoncé, Ariana Grande, David Beckham and Jill Biden.

Persons: Ralph Lauren, Patrice Louvet, CNBC's Jim Cramer, Ralph Lauren's, Thursday's, Louvet, Jennifer Lopez, Beyoncé, Ariana Grande, David Beckham, Jill Biden Locations: oxford

[1/2] Customers shop at a mall ahead of the Chinese Lunar New Year, in Beijing, China January 15, 2023. REUTERS/Tingshu Wang/File PhotoLONDON/MILAN/FRANKFURT/NEW YORK, March 1 (Reuters) - The world's top consumer and luxury goods companies have seen sales of everything from cosmetics to condoms grow in China since Beijing ended strict COVID-19 curbs, another sign that the world's No. Tourism from China was helping sales in neighbouring Macau, Hong Kong, Taiwan and even Japan, he added. Reckitt Benckiser, which makes Nurofen tablets, cold remedy Lemsip and Durex, saw a pick-up in China after a decline in volumes because of lockdowns. U.S. retailer Walmart Inc (WMT.N), which operates nearly 400 retail and wholesale stores in China, reported strong traffic in its stores since reopening.

☆ Stocks making the biggest moves premarket: Intel, Chevron, American Express, Silvergate and more
▼ + stars: | 2023-01-27 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Advanced Micro Devices — Chip stocks such as Advanced Micro Devices fell as a group following Intel's results. Shares of Advanced Micro Devices fell nearly 2.4%, while shares of Nvidia and Micro dipped about 1.5% each. Chevron — Shares dipped more than 1% after Chevron reported its latest earnings results. American Express — Shares of the credit card company rose 5% despite weaker-than-expected results for the fourth quarter. American Express reported $2.07 in earnings per share on $14.18 billion of revenue.

☆ Barclays upgrades Ralph Lauren, a 'best-in-class' apparel name with growth opportunities
▼ + stars: | 2023-01-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

There's no better time to buy up shares of a solid apparel name with upside potential, according to Barclays. Barclays sees continued growth opportunities within Ralph Lauren's international, women's and digital-focused direct-to-consumer segments, viewing the latter as being able to protect the company from any weakness within the wholesale market. Kearney adjusted the firm's price target to $134 a share, suggesting that Ralph Lauren shares stand to rally as much as 14% from Thursday's close. Along with Ralph Lauren, Kearney assumed coverage of Calvin Klein parent-company PVH Corp , and upgraded shares to overweight from equal weight, citing improvement within North American markets. PVH shares rose more than 2% before the bell.

☆ Accusations of a bro culture cloud Tiger Global's fundraising efforts after a $10 million settlement
▼ + stars: | 2023-01-14 | by ( Rebecca Ungarino | Dakin Campbell | ) www.businessinsider.com time to read: +6 min

Investors have learned of a $10 million settlement Tiger Global made to a former female employee. Investors don't really need another reason to shy away from Tiger Global Management after a year of terrible performance. The employee who settled with Tiger alleged that Tiger fostered a type of bro culture, led by men who prevented women executives from getting equal opportunities inside the firm. "Prioritizing these values in our day-to-day interactions inside and outside of Tiger Global has been the glue that has underpinned our success for the past 21 years. We remain committed to driving continuous improvement across Tiger Global as we look towards the future."

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