Polo Ralph Lauren in jewellery deal
05 March 2007 09:57
Polo Ralph Lauren and Richemont have announced the creation of a Polo Ralph Lauren branded watch and jewellery business. The products will be distributed through Ralph Lauren boutiques as well as independent jewellery and luxury watch retailers. Polo Ralph Lauren and Richemont will each own 50% of the joint venture which is expected to launch its first products in 2008. Ralph Lauren, chairman and CEO of Polo Ralph Lauren said: "This business is an important part of our global luxury accessories strategy. I am confident that our unique design sensibility and luxury brand building skills, combined with Richemont’s unique experience on a global basis, creates an opportune way for this partnership to succeed. I believe strongly in this partnership."
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