Ralph Lauren announced that it will sell off its Club Monaco brand to a private equity firm named Regent in a deal that will likely close in late June.
No acquisition price was publicly disclosed for the Club Monaco brand. The sale comes after Ralph Lauren announced its Fiscal 2021 Strategic Realignment Plan, which included evaluations of the companies various brands with sustainable growth as a key priority. The sale of Club Monaco will bring this evaluation process to an end after Ralph Lauren also licensed its Chaps brand last year.
“We see tremendous opportunity for Club Monaco and are excited to leverage our retail and e-commerce expertise to build upon the strong brand that the Ralph Lauren team built over two decades of stewardship," said Michael Reinstein the Chairman of Regent.
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