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☆ 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

☆ DNA test proves ex-wrestler is not Lauren Boebert's father, despite her mother saying so for years
▼ + stars: | 2023-06-04 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

A DNA test has proved that a former wrestler is not Rep. Lauren Boebert's father. Her mother had a brief fling with Stan Lane in the 1980s and has long claimed he was her father. "We went through the legal system and completed a court-ordered paternity test," he added. They were conclusive that I had a 0.0% chance of being the biological father," Lane said. "Once we both reviewed the results, Lauren and I agreed that this matter is settled, and I accepted Lauren's apology on behalf of herself and her mother."

Persons: Lauren Boebert's, Stan Lane, Lane, —, Boebert, Toby Keith, Shawn Roberts Bentz, Bentz, Lauren Organizations: Service, Daily, Colorado Rep, NFL

☆ GOP lawmaker leading Florida legislature's effort to rein in Disney was a company stock-holder until the DeSantis feud
▼ + stars: | 2023-04-21 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +11 min

One key ally, Sen. Blaise Ingoglia, previously held Disney stock but said he sold on principle. Ron DeSantis claw back control of Walt Disney World's special tax district was once a Walt Disney Company investor, annual disclosures show. Ingoglia told Insider that he manages his stocks himself, and that they were long-term holds with a retirement or brokerage account. The financial ties to Disney underscore the company's largess and influence in Florida, where it's the state's biggest attraction. Disney CEO Bob Iger told Time he would be willing to sit down with DeSantis over the feud.

[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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