The American retailer joins Gap Inc. and others in shedding a smaller label to focus on its core. But the road to growth will be bumpy, analysts say.
Ralph Lauren is the latest retailer to test out the theory that shrinking may be the best way to grow.
The company announced Thursday, May 13th that it sold Club Monaco to private equity firm Regent, L.P. for an undisclosed sum. Insiders say the retailer had been struggling in recent years and was not well-positioned to weather the pandemic, during which consumers may have preferred sweatsuits over Club Monaco’s polished blouses.