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Ralph Lauren outlines new growth plan

21/09/2022
Ralph Lauren outlines new growth plan
Ralph Lauren has released details of an ambitious new plan to capture the zeitgeist of the mid-2020s. The designer and businessman arguably invented the actual concept of the lifestyle brand in the 1970s and 1980s as he steadily built-up product lines and created mould-breaking retail environments for what was to become a veritable RL empire.

The group’s new three-year plan to 2025 is to deliver “sustainable long-term growth”. It expects to see revenue increases in the mid to high-single digits (in constant currency) over the next three years, compared to its fiscal 2022 results. It also expects to maintain operating profit and margin growth.

In the works for the past four years, this “next great chapter” also comes with a deeper commitment to global citizenship and sustainability. The company’s 2022 environmental, social and governance (ESG) report outlines its vision for a better future. For product development, the group plans to stay true to Ralph Lauren’s Timeless by Design approach and the company is also investing to establish a US Regenerative Cotton Fund.

Image: Ralph Lauren’s limited edition made in the US jeans via Instagram

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