Ralph Lauren sells Club Monaco brand to private-equity firm Regent

Ralph Lauren Corp. announced the sale of the Club Monaco brand to private-equity firm Regent L.P. on Thursday. The value of the deal was undisclosed. Ralph Lauren is undergoing a business turnaround and said the sale is part of the effort to focus on the core namesake brands. Analysts say the strategy is yielding results. Club Monaco has been part of the Ralph Lauren lineup for 22 years. With the Club Monaco sale and the licensing of the Chaps brand, Ralph Lauren says its portfolio review is complete. The Club Monaco transaction is expected to close by the end of June. Ralph Lauren stock has gained 23.4% for the year to date while the S&P 500 index is up 8.2% for the period.

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