Patrice Louvet, President and CEO of Ralph Lauren has reacted after the brand’s revenue rose by 8% in revenue to £1.3 billion ($1.5 billion) for the first quarter of FY23.
While reacting to the rise in revenue, Patrice said that the strong first quarter performance of Ralph Lauren underscores the power of the brand and its strategy.
He also added that for the second quarter, Ralph Lauren expects revenue growth to increase 11%.
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Patrice said: “Our strong first quarter performance underscores the power of our brand and momentum of our strategy around the world, following our significant multi-year reset.
“While the global operating environment remains as volatile as ever, our talented, passionate teams are delivering on the multiple growth opportunities to scale our business with creativity and discipline — from driving high-quality new consumer recruitment to expanding digital and elevating our touch points in every region and channel.”
Source: theindustry.fashion
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