Ralph Lauren Reports $1.9B Q3 Earnings, Creative Director Exits
Ralph Lauren Corporation has announced a 6% earnings boost to $1.9 billion for the third quarter. Meanwhile, the company's creative director, Michael Rider, is set to step down, sparking rumours about his potential replacement at Celine. The company will unveil its fourth quarter and full fiscal 2024 earnings next week.
Ralph Lauren's earnings uptick comes as the company continues to strengthen its brand. The increase follows a period of strategic growth and innovation.
In a surprise move, Michael Rider, the creative director of Polo Ralph Lauren since 2018, will leave his role. Rider previously worked at luxury brands Celine and Balenciaga, both owned by LVMH. His departure has fuelled speculation that he may replace Hedi Slimane as the creative director of Celine.
Karen Brown, a long-serving Ralph Lauren veteran with 18 years at the company, will take over as senior brand creative director for Women's Polo. Her appointment signals the company's commitment to promoting talent from within.
Ralph Lauren's earnings growth demonstrates the brand's resilience and appeal. The company's upcoming earnings report will provide further insight into its performance. Meanwhile, the appointment of Karen Brown and the potential move of Michael Rider to Celine highlight the dynamic nature of the fashion industry's creative leadership.
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