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In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRalph Lauren CEO on Paris Olympics: Incredible opportunity for us to showcase the brandRalph Lauren CEO Patrice Louvet joins 'Squawk Box' to discuss the company's Olympics exposure, state of the consumer, China demand, sports portfolio expansion, and more.
Persons: Ralph Lauren, Patrice Louvet Organizations: Paris Locations: China
Just after 10 p.m. on Saturday night, on the first weekend of the Paris Olympics, Jill Biden walked through the wood doors of Ralph’s Restaurant Paris, past a towering display of red, white and blue flowers, and picked up two glasses of champagne from a silver tray. Ralph Lauren, the brand that owns the restaurant in the city’s Sixth Arrondissement and is a longtime outfitter of the U.S. Olympic and Paralympic teams, hosted the party to celebrate the U.S. team. The bash — along with the Games — was a chance for the brand to show off its Olympic collections. The marketing potential of the Olympics is “as if you have three Super Bowls a day for 17 days,” said David Lauren, the brand’s chief innovation and branding officer.
Persons: Jill Biden, Ralph Lauren, , David Lauren Organizations: Paris Olympics, U.S, Olympic, Paralympic, U.S ., Games
Nearby, Janos Papai was pushing a hulking, ancient-looking machine over another scrap of bleached alligator, stitching on a zipper. Mr. O’Hara, 39, is a leather craftsman whose exclusive custom creations range from $1,800 pickleball racket covers to purple ombre McLaren racing car seats. Mr. Papai, 68, is his mentor. The two men met 15 years ago, when Mr. O’Hara was a junior employee just starting his career, and Mr. Papai was a factory owner in the garment district making leather fashions for designers like Ralph Lauren and Marc Jacobs. Mr. O’Hara began hanging around Mr. Papai’s factory, asking the veteran craftsman questions and watching him work.
Persons: Evan O’Hara, Janos Papai, O’Hara, Papai, Ralph Lauren, Marc Jacobs, Papai’s Organizations: McLaren Locations: Chinatown
Fashion’s Fake News Epidemic
  + stars: | 2024-07-24 | by ( Vanessa Friedman | ) www.nytimes.com   time to read: +2 min
On Monday, Tom Ford (the brand) announced the departure of Peter Hawkings as creative director after just over a year. Hedi Slimane is 100 percent leaving Celine, going to Chanel and being replaced by Michael Rider, late of Ralph Lauren. Or maybe Mr. Slimane is going to Burberry? Kim Jones, currently at Fendi women’s wear, is being replaced by Alessandro Michele. By Maria Grazia Chiuri, who happens to be artistic director of Dior women’s wear.
Persons: Tom Ford, Peter Hawkings, Van, you’d, Sarah Burton, Alexander McQueen, Hedi Slimane, Celine, Chanel, Michael Rider, Ralph Lauren, Slimane, Bruno Pavlovsky, John Galliano, Dior, Kim Jones, Alessandro Michele, Michele, Valentino, Pierpaolo Piccioli, Maria Grazia Chiuri, Dior women’s Organizations: Chanel, Burberry Locations: Givenchy, Margiela, Chanel
Olympians Are Getting Loads and Loads of Gear
  + stars: | 2024-07-22 | by ( Sadiba Hasan | ) www.nytimes.com   time to read: 1 min
In three separate TikTok posts, Evy Leibfarth, a canoeist competing in the 2024 Paris Olympics for Team U.S.A., unboxed several duffel bags and suitcases she had received from brand sponsors. First was a huge rolling duffel bag from Nike, which included a podium uniform and an assortment of sweatpants, slides, sneakers, backpacks and other apparel. Then there was a suitcase from Ralph Lauren, the official outfitter of Team U.S.A. for the Olympic and Paralympic Games, containing water bottles, Polo T-shirts, preppy dresses, quarter zips, crew neck sweatshirts, jackets and hats. And finally, a duffle bag from Skims, replete with form-fitting tank tops, bodysuits, T-shirts, bathing suits and a bathrobe.
Persons: Evy, Ralph Lauren Organizations: Team U.S.A, Nike, Olympic, Paralympic Games
The internet has chosen its new favorite national uniform at the forthcoming Paris 2024 Olympics: Mongolia’s. Female athletes’ outfits come with ceremonial earrings and embroidered bags, while male flag-bearers will wear an archery hat, belt and traditional Mongolian boots. The outfits took an average of 20 hours each to craft, according to the Mongolian National Olympic Committee. The outfits took an average of 20 hours each to craft, according to the Mongolian National Olympic Committee. This year, the country is sending more than 30 athletes to the Paris Olympics, which kick off on July 26.
Persons: Ralph Lauren, Michel, Amazonka, Michel Amazonka, , Ryan Yip, Bee Jamieson, everything’s, geoff0w_, Michel Choigaalaa, Amazonka Choigaalaa, Ben Sherman Organizations: CNN, Eiffel, Mongolian National Olympic Committee, Beijing, Mongolian National Olympic, Paris Olympics, USA Locations: Ulaanbaatar, Paris, Mongolian, Tokyo, Michel Amazonka Mongolia, Beijing, Great Britain
The outlook for stocks is becoming more favorable as inflation slows and the Federal Reserve looks to cut interest rates by yearend, according to UBS. Against that backdrop, UBS thinks investors should maintain a neutral view and remain strategic in their stock allocations. Here are some of the stocks on the UBS list: One of the stocks added to the list was San Diego-based, medical device maker Dexcom . Despite growth in the continuous glucose monitoring (CGM) segment of the diabetes market over the past few years, the sizable diabetes market has a "relatively low" penetration rate, according to UBS. "We expect DXCM to remain a leading player within the very concentrated CGM market."
Persons: Eric Potoker, that's, Ralph Lauren Organizations: Federal, yearend, UBS, San, MGM Resorts, Super, Las Vegas, Samsung Locations: Swiss, San Diego, Las Vegas, Las
First Lady Jill Biden is Vogue’s latest cover star
  + stars: | 2024-07-01 | by ( Jacqui Palumbo | ) edition.cnn.com   time to read: +4 min
CNN —First lady Dr. Jill Biden is Vogue’s August cover star just as election season is kicking off in earnest in the United States — and only days after President Joe Biden’s shaky first debate performance rattled the Democratic party. On the cover — her second for the fashion magazine — Dr. Biden appears in a cream-colored Ralph Lauren silk tuxedo dress, lensed by the veteran fashion photographer Norman Jean Roy. Vogue, too, reached out to the first lady following the debate amid calls for the president to step down as the Democratic nominee. And, as she told Vogue, she’s seen the career-related frustrations of military spouses due to the often transient nature of their lives, so she has supported flexibility for remote work for some government jobs. “And this is where the magic happens.”“We don't need more chaos,” First Lady Biden told Vogue.
Persons: Jill Biden, Joe Biden’s, Dr, Biden, Ralph Lauren, Norman Jean Roy, Maya Singer, Harris, , , Trump, he’s, she’s, Lady Biden, Sergio Hudson, Michael Kors, Christian Siriano, Katie Rogers, divisiveness … it’s Organizations: CNN, Democratic, Vogue, Women, Biden, White House, Northern Virginia Community College Locations: United States, Minnesota, Minneapolis, endometriosis, North Carolina
During much of President Biden’s term, the first lady was a figure of minimal controversy. That began to shift when campaign season heated up. Laura Ingraham of Fox News claimed that Dr. Biden was covering up the president’s unfitness out of her own desire for political power and prestige. Afterward, The New York Times reported that Dr. Biden was the first person he had turned to: “The first lady’s message to him was clear: They’d been counted out before, she was all in, and he — they — would stay in the race.”On the Vogue cover, Dr. Biden wears a white Ralph Lauren tuxedo dress. The accompanying profile of the first lady, by Maya Singer, describes her as a “vision of calm amid utter cacophony.”
Persons: Jill Biden, Biden’s, Laura Ingraham, Biden, Mac, ” Dr, Donald J, Trump, Dr, They’d, Ralph Lauren, Norman Jean Roy, Nicki Minaj, Alicia Keys, Karine Jean, Pierre, Maya Singer, Organizations: Vogue, Fox News, The New York Times, White House
Ozak Tekstil told CNN it had terminated the workers “as a last resort” when they declined an invitation to return to work. If it refused, “we will be forced to take the appropriate next steps to uphold workers’ rights,” Levi’s wrote. It did not reinstate all of the fired workers. Inside the Ozak Tekstil factory in Sanliurfa, Turkey, in December 2023. The Ozak Tekstil factory in Sanliurfa, Turkey, in December 2023.
Persons: , Levi’s, LEVI, Ozak Tekstil, Zara, Hugo Boss, Guess, Ralph Lauren, Seher Gulel, Gulel, , Sen, Tekstil, Levi Strauss, Justin Sullivan, ” Gulel, enshrines, Sen didn’t, unionize, ” Ozak Tekstil, ” Levi’s, Scott Nova, ” Nova, “ Ozak, Carolin Westermann, Funda Bakis, CNN Bakis, Bakis, ” Bakis, Tanem Zaman, Eyad Kourdi, Brice Laine Organizations: Istanbul CNN —, ’ Association, Worker Rights Consortium, CNN, Birtek, WRC, Ozak Locations: Istanbul, Turkey, Turkey’s Sanliurfa, San Francisco , California, Sanliurfa
Ralph Lauren is the official outfitter of Team USA at the Olympics for the ninth time in a row. The brand unveiled its Olympic ceremony uniforms and Villagewear collection on June 18. AdvertisementWhen you think of the official Olympic ceremony uniforms, blue jeans and moto jackets are probably not the first outfits that come to mind. And yet, that's exactly what Ralph Lauren unveiled on June 18 as part of Team USA's opening and closing ceremony uniforms for the Summer Olympics in Paris, which begin on July 26. The brand also released a Villagewear collection, which includes graphic tees, sweatpants, accessories, and more for members of Team USA to wear during their downtime in and around the city.
Persons: Ralph Lauren, Organizations: USA, Olympics, Service, Summer, Team USA, Business Locations: Paris
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
Chris Nardone, a top-ranked analyst at Bank of America, shares his top stock picks. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWhen Chris Nardone started working at Bank of America out of college in 2013, he wasn't even in the firm's equity research department. Working initially as a risk analyst, he knew he wanted to shift gears and eventually stepped into a research analyst role after listening in on the team's daily calls.
Persons: Chris Nardone, Nardone, Ralph Lauren, Organizations: Bank of America, Service, Business Locations: Asia
Reselling items on eBay can be an effective way to bring in extra cash. For Richard S., who prefers not to share his last name for privacy reasons, eBay was his ticket to financial independence. The eBay expert, who's been reselling on the platform since 2008, recommends starting by listing what you already have lying around your house. I'm buying everyday value items that everybody can afford. "If you go out there with the most amount of information and you give yourself the most amount of opportunities you will run into more of these home run items."
Persons: Richard S, who's, Richard, Ralph Lauren, I'm, Gucci, Louis Vuitton, Roger Federer, Rafael Nadal, that's, He's Organizations: Service, eBay, Technsports, Business, Nike, Louis Locations: Germany
But this staple of preppy American fashion has humble origins, far from Martha’s Vineyard or the hallways of Yale or Harvard, in Chennai, India, the coastal city from which it takes its name. Krishnan Nair,” a biography of the Indian textile magnate and hotelier who first sold Jacobson the madras, in a video interview with CNN. From Chennai to shores of the CaribbeanFort St. George was established in the 1630s, helping the British cement a monopoly on the highly lucrative Indian textile industry. Research by the London School of Economics estimates that Indian cotton textiles, which were often exchanged for slaves, accounted for 30% of the total export value of 18th century Anglo-African trade. A madras fabric weaving workshop in Chennai, the Indian city once known as Madras, circa 1990.
Persons: Lisa Birnbach’s “, Ralph Lauren, Brooks, William Jacobson, , Bachi Karkaria, Captain C.P, Krishnan Nair, Jacobson, Tony Cenicola, Karkaria, — Nair, , , David Ogilvy, Leonard McCombe, Nair, Ogilvy, Elihu Yale, George, Hathaway, India Madras ”, Eli Yale, King George I, Hathaway Yale, Yale, Kai Toussaint Marcel, Marcel, Tommy Hillfiger, Kimberly M, Jenkins, Patrick Horvais, madras “ Organizations: CNN, Brooks Brothers, Yale, Harvard, New York Times, Milton Academy, madras, Ivy League, East, Yale College, Yale University, Yale . Yale, East India Company, Metropolitan Museum of Art, Parsons School of, London School of, Princeton, Miss College, Sports Locations: madras, Bahamas, Chennai, India, Madras, West Africa, Milton , Massachusetts, superstardom, East India, Fort St, India Madras, Scottish, North Africa, Nigeria, America, Caribbean, St, West Indies, England, France, New Orleans, East Coast, Bermuda, madras Bermuda, Rhode Island, Newport, South Florida, Palm, Fisher
Investors may not have sufficiently accounted for the impact of stretched consumer finances on the discretionary sector. We'll review the dichotomy going on in the consumer discretionary sector and give a bearish trade on an outperforming stock once thought to be immune from some of the pressures. To some extent, the haves and have-nots divide explains the difference between the consumer discretionary stocks that have outperformed versus underperformed this year. Horton, YTD However, two industry groups within the consumer discretionary sector have not followed this pattern to the same degree. The trade: Chipotle The best-performing restaurant in the consumer discretionary sector so far this year is Chipotle Mexican Grill Inc. (CMG) up a market-crushing 36.8%.
Persons: Roland Garros, Ralph Lauren, Hermes, Versace, Prada, Calvin Klein, Tommy Hilfiger, Van Heusen, Horton, TOL, D.R, Tesla, Darden, YTD, Chipotle Organizations: Monaco, PVH Corp, IZOD, Carnival Corp, CCL, GM, Grill Inc, Darden, Starbucks Locations: Royal Caribbean, Horton
Further upside is in the cards for a slate of stocks, including Nvidia , according to Bank of America. CNBC Pro combed through Bank of America's research for buy-rated stocks that are well positioned for additional gains. In addition to Nvidia, these names include Apple, Nextracker , BJ's Wholesale Club and Ralph Lauren . The stock is up 32% in 2024, but the analyst said investors should take advantage and buy the dip if shares retreat. "Maintain Buy on multi-year upgrade cycle, gross margin upside and secular services growth," the analyst wrote.
Persons: Ralph Lauren, Robert Ohmes, BJ's, Ohmes, BJ, Christopher Nardone, Nardone, Wamsi Mohan, Mohan, … BJ Organizations: Nvidia, Bank of America, CNBC, Bank of, Apple, BJ's Wholesale, Wholesale, RL, Nextracker Inc, NXT, CY27 Locations: Europe, CY24
Dow member Salesforce dropped about 19% during the week, which made it the most oversold stock in the market. With this in mind, CNBC Pro screened for the most overbought and oversold stocks on Wall Street as measured by their 14-day relative strength index, or RSI. Stocks with a 14-day RSI below 30 are considered oversold, suggesting shares may be due for a comeback. On the other hand, a 14-day RSI higher than 70 indicates a stock is overbought and may soon pull back. Biopharmaceutical company Bristol-Myers Squibb was the second-most oversold stock of the week.
Persons: Salesforce, Goldman Sachs, Morgan Stanley, Myers Squibb, Meyers, Ralph Lauren Organizations: Federal, Nasdaq, Dow Jones, Dow, Investors, CNBC Pro, Wall Street, LSEG, Meyers Squibb, Tech, HP Locations: Bristol
CNBC's Jim Cramer on Friday told investors what to pay attention to next week on Wall Street, highlighting the nonfarm payroll report and earnings from GitlLab and CrowdStrike . Cramer said he's waiting to see how the company will perform because some in the enterprise software sector see issues with sales. Tuesday brings quarterly results from CrowdStrike, and Cramer said this cybersecurity company has been doing better than many of its peers. Friday brings perhaps the most important event of the week, according to Cramer, the Labor Department's nonfarm payroll report. Cramer said the Federal Reserve won't be inclined to cut rates until the unemployment rate reaches 4%.
Persons: CNBC's Jim Cramer, Cramer, he's, Hewlett Packard, Ferguson, PVH, Calvin Klein, Tommy Hilfiger, Ralph Lauren, Campbell Soup, Jack Daniels, Brown, Forman, Lululemon, JM Smucker, Smucker Organizations: Dell, athleisure, Labor
AdvertisementPivoting from reselling electronics to clothingWhile Richard was making enough reselling electronics to scrape by, "the cash flow was very tight." AdvertisementStill, he called his eBay store Technsports. "You have to put up great items with a great listing, and eBay and the customers will reward you." "I will always have an eBay store. He also plans to grow the YouTube channel he started in 2023 to help other people make money selling on eBay.
Persons: , Richard S, Richard, I've, It's, Ralph Lauren, Gucci, I'm, Louis Vuitton, Richard's, Technsports, he's Organizations: Service, Circuit, Business, eBay, Craigslist, Sidekicks, Buffalo Bills, Salvation Army, Nike, Louis, BI Locations: Ft, Lauderdale, Coral Springs
CNN —Carrie Bradshaw, the lead character played by Sarah Jessica Parker in the 1998-2004 TV series “Sex and the City,” has always been more of a fashion daredevil than a fashion darling. Parker spotted in one of her character's more outlandish looks while filming for the new season of "And Just Like That." “Definitely too much,” read one critique under @everyoutfitonsatc’s post of Jessica Parker in the latter look. So has Bradshaw’s style really changed, or have we? It seems like a ripe topic for the character’s newspaper column, and one Jessica Parker has thoughts on too.
Persons: Carrie Bradshaw, Sarah Jessica Parker, , Bradshaw’s, Carrie, could’ve, Bradshaw, Betsy Johnson, Simone Rocha, Ossie Clark, Parker, Jason Howard, Bauer, Griffin, Jessica Parker, florals, Ralph Lauren, Patricia Field, ’ wardrobes, , Molly Rogers, Danny Santiago Organizations: CNN, City, HBO, Max, Warner Bros ., Guardian, Vogue Locations: New York City, Irish, YSL
Snowflake : The data cloud company shares fell nearly 3% despite a revenue beat and a good guide. However, the revenue guidance was a little light. Live Nation : The Justice Department and 30 states are suing Live Nation, looking to break up Live Nation and Ticketmaster. Cramer countered that, saying VF Corp is selling a lot of products and clearing lots of inventory. He added the story at the company is not as negative as the stock, which has dropped 36% in 2024.
Persons: Jim Cramer's, Jim Cramer, Ralph Lauren, Cramer, That's, Taylor, Williams Organizations: CNBC, Club, Nvidia, Paris, The Justice Department, Ticketmaster, DOJ, VF Corp
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThursday's rapid-fire: Snowflake, Ralph Lauren, elf Beauty, Live Nation, VF CorpJim Cramer looks at five stocks outside the CNBC Investing Club portfolio.
Persons: Ralph Lauren, Jim Cramer Organizations: CNBC, Club
Three-Stock Lunch: Dell, Dupont De Nemours & Ralph Lauren
  + stars: | 2024-05-23 | 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 EmailThree-Stock Lunch: Dell, Dupont De Nemours & Ralph LaurenCourtney Garcia, Payne Capital Management senior wealth advisor, joins 'Power Lunch' to discuss plays for three stocks, including Dell, Dupont De Nemours, and Ralph Lauren.
Persons: Dupont, Dupont De Nemours, Ralph Lauren Courtney Garcia, Ralph Lauren Organizations: Dupont De, Payne Capital Management, Dell
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