Ralph Lauren Appoints New CEO, Thereby Eliminating Some Uncertainty
Narrow-moat Ralph Lauren announced that Patrice Louvet will assume the CEO position, effective July 17, 2017. Although Louvet is an experienced leader of major global brands and his appointment will remove some uncertainty in strategy and execution, we remain concerned that Ralph Lauren may be reluctant to buy into change and that Louvet will be expected to work more collaboratively with the founder. The Lauren family has roughly 82% of voting power and our concern that the family’s interests ma...Ralph Lauren designs, markets, and distributes lifestyle products, including apparel, accessories, home furnishings, and other licensed product categories. The company's brand names include Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, Chaps, and Club Monaco, among others. The company sells directly to customers via its retail stores, concession-based shop-within-shops, and through its own digital commerce sites; while its international licensing partners operated Ralph Lauren stores, Ralph Lauren concession shops, and Club Monaco stores and shops. The company has three segments: North America ; Europe; and Asia.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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