Latest news with #PatriceLouvet
Fashion Network
10-07-2025
- Business
- Fashion Network
Ralph Lauren CEO sees ‘resilient' demand amid tariff uncertainty
Corp. Chief Executive Officer Patrice Louvet said demand for its signature clothing, such as cable-knit sweaters, remains strong—even as the fashion industry faces tariff pressures and broader economic uncertainty. 'Our core consumers are actually still very resilient,' Louvet told Bloomberg TV on Thursday. Customers dealing with financial strain are gravitating toward trusted names like Ralph Lauren, he said. 'When you look at the part of our lineup that is responding really nicely right now, it's our core products.' The company, best known for its menswear—Oxford shirts, tweed jackets and timeless wardrobe staples—said in May that it expects revenue growth to slow later this year, in response to more cautious U.S. consumer spending. Louvet said the impact of President Donald Trump 's trade policies remains uncertain, though he noted that Ralph Lauren's diversified supply chain—sourcing fewer goods from China compared to competitors—offers a strategic advantage. He also emphasized the brand's pricing flexibility, adding that Ralph Lauren could engage in 'promotional activities' if market conditions require it. Louvet highlighted womenswear as a 'significant opportunity,' noting it is currently a $2 billion business for the company. Ralph Lauren shares have risen just over 25% this year through Wednesday's close, outperforming many of its fashion industry peers. Louvet was speaking from London during the Wimbledon tennis championships, which Ralph Lauren sponsors. He said the company sees cricket as another potential area for expansion, building on its existing sports collaborations with the U.S. Ryder Cup golf team, New York Yankees player Aaron Judge, and Formula 1 driver Lando Norris.
Fashion Network
10-07-2025
- Business
- Fashion Network
Ralph Lauren CEO sees ‘resilient' demand amid tariff uncertainty
Corp. Chief Executive Officer Patrice Louvet said demand for its signature clothing, such as cable-knit sweaters, remains strong—even as the fashion industry faces tariff pressures and broader economic uncertainty. 'Our core consumers are actually still very resilient,' Louvet told Bloomberg TV on Thursday. Customers dealing with financial strain are gravitating toward trusted names like Ralph Lauren, he said. 'When you look at the part of our lineup that is responding really nicely right now, it's our core products.' The company, best known for its menswear—Oxford shirts, tweed jackets and timeless wardrobe staples—said in May that it expects revenue growth to slow later this year, in response to more cautious U.S. consumer spending. Louvet said the impact of President Donald Trump 's trade policies remains uncertain, though he noted that Ralph Lauren's diversified supply chain—sourcing fewer goods from China compared to competitors—offers a strategic advantage. He also emphasized the brand's pricing flexibility, adding that Ralph Lauren could engage in 'promotional activities' if market conditions require it. Louvet highlighted womenswear as a 'significant opportunity,' noting it is currently a $2 billion business for the company. Ralph Lauren shares have risen just over 25% this year through Wednesday's close, outperforming many of its fashion industry peers. Louvet was speaking from London during the Wimbledon tennis championships, which Ralph Lauren sponsors. He said the company sees cricket as another potential area for expansion, building on its existing sports collaborations with the U.S. Ryder Cup golf team, New York Yankees player Aaron Judge, and Formula 1 driver Lando Norris.
Fashion Network
10-07-2025
- Business
- Fashion Network
Ralph Lauren CEO sees ‘resilient' demand amid tariff uncertainty
Corp. Chief Executive Officer Patrice Louvet said demand for its signature clothing, such as cable-knit sweaters, remains strong—even as the fashion industry faces tariff pressures and broader economic uncertainty. 'Our core consumers are actually still very resilient,' Louvet told Bloomberg TV on Thursday. Customers dealing with financial strain are gravitating toward trusted names like Ralph Lauren, he said. 'When you look at the part of our lineup that is responding really nicely right now, it's our core products.' The company, best known for its menswear—Oxford shirts, tweed jackets and timeless wardrobe staples—said in May that it expects revenue growth to slow later this year, in response to more cautious U.S. consumer spending. Louvet said the impact of President Donald Trump 's trade policies remains uncertain, though he noted that Ralph Lauren's diversified supply chain—sourcing fewer goods from China compared to competitors—offers a strategic advantage. He also emphasized the brand's pricing flexibility, adding that Ralph Lauren could engage in 'promotional activities' if market conditions require it. Louvet highlighted womenswear as a 'significant opportunity,' noting it is currently a $2 billion business for the company. Ralph Lauren shares have risen just over 25% this year through Wednesday's close, outperforming many of its fashion industry peers. Louvet was speaking from London during the Wimbledon tennis championships, which Ralph Lauren sponsors. He said the company sees cricket as another potential area for expansion, building on its existing sports collaborations with the U.S. Ryder Cup golf team, New York Yankees player Aaron Judge, and Formula 1 driver Lando Norris.
Bloomberg
10-07-2025
- Business
- Bloomberg
Ralph Lauren CEO Sees ‘Resilient' Demand Amid Tariff Uncertainty
Ralph Lauren Corp. Chief Executive Officer Patrice Louvet said demand for its signature clothing such as cable-knit sweaters remains strong, even as the fashion industry is buffeted by tariffs and an economic slowdown. 'Our core consumers are actually still very resilient,' Louvet told Bloomberg TV on Thursday. Customers facing more economic uncertainty are turning to familiar brands including Ralph Lauren, he said. 'When you look at the part of our lineup that is responding really nicely right now, it's our core products.'
Bloomberg
10-07-2025
- Business
- Bloomberg
Ralph Lauren CEO: Tariffs a "Factor" But Focus is on Consumer
Tariffs are a "factor" for Ralph Lauren, according to the fashion brand's CEO, Patrice Louvet. But Louvet says consumers are "resilient" and gravitate towards brands that they trust during times of uncertainty. Louvet joined Francine Lacqua on "The Pulse". (Source: Bloomberg)
