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Burberry Group Plc, under the leadership of Joshua Schulman, aims to transform into a brand that embodies the strengths of both Moncler and Ralph Lauren. After seven years of strategic shifts under two CEOs, the company is poised to leverage the success of these luxury giants to enhance its market position.
Oak Thistle LLC increased its stake in Ralph Lauren by 6.2% in Q2, owning 1,236 shares valued at $216,000, while Mather Group LLC raised its position by 26.3%, holding 432 shares worth $81,000. Institutional investors control 67.91% of the company, which recently saw its stock price target raised by UBS Group to $300, indicating a potential upside of 33.99%. Ralph Lauren reported a quarterly EPS of $2.54, exceeding estimates, with revenue of $1.73 billion, reflecting a 5.7% year-over-year increase.
Ralph Lauren Corporation specializes in the design, marketing, and distribution of luxury lifestyle products, including apparel, footwear, accessories, home textiles, fragrances, and hospitality services. The company operates across North America, Europe, and Asia, offering a diverse range of brands and products for men, women, and children, alongside a hospitality portfolio featuring renowned restaurants like The Polo Bar in New York City.
Ralph Lauren Corporation specializes in designing, marketing, and distributing luxury lifestyle products, including apparel, footwear, accessories, home textiles, fragrances, and hospitality services. Its diverse brand portfolio features Ralph Lauren, Polo Ralph Lauren, and more, catering to men, women, and children. The company also operates notable restaurants like The Polo Bar in New York City and RL Restaurant in Chicago.
Ralph Lauren Corp. has raised its annual revenue outlook to a growth of 3% to 4%, surpassing previous estimates of 2% to 3%. This optimistic forecast is driven by strong sales in Europe and Asia, alongside expectations for a robust holiday shopping season.
UBS has lowered its target for L'Oréal to 415 euros, maintaining a 'Neutral' rating. As the world's leading cosmetics group, L'Oréal's sales are primarily driven by skin care (39.9%), make-up (19.7%), and hair care products (15.4%), with significant contributions from luxury and active cosmetics. Geographically, net sales are distributed across Europe (31.6%), North America (27%), and North Asia (25.9%), among others.
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