Ralph Lauren to source 100% sustainable materials by 2025

Ralph Lauren Corporation (RL) unveiled its renewed strategy on Global Citizenship & Sustainability today in New York. According to the new company sustainability strategy, Ralph Lauren will source 100 % sustainable materials by 2025, including cotton.

The strategy named “Design the Change”, is both a commitment and a journey to accelerate the Company’s work across citizenship and sustainability.

-When Ralph founded our Company more than 50 years ago, he did so with the conviction that whatever we create is meant to be worn, loved and passed on for generations,” says Patrice Louvet, CEO and President, Ralph Lauren Corporation.

Design the Change is focused on three areas where Ralph Lauren can create the greatest positive impact: Creating Timeless Style, Protecting the Environment, and Championing Better Lives. Its foundation is 16 ambitious goals that will guide the Company’s work across each of these areas.

Some of the company key performance indicators are:

  • Achieve 100% sustainably-sourced key materials – including cotton – by 2025
  • Train design, product development and merchant teams on sustainable, circular, inclusive and culturally-aware design annually by 2020
  • Set science-based greenhouse gas reduction targets by 2020 and 100% renewable energy targets by the end of 2019
  • Achieve gender parity with equal representation in leadership positions at the Vice President level and above by 2023
  • Increase female representation in factory management by 25% by 2025

The strategy also include the product actions like EarthPolo, the innovative fabric produced entirely from plastic bottles. One Polo is made from approximately 12 plastic bottles.

The sustainability strategy also integrate better gender balance in different positions in the company and a new campaign to close the leadership gap between  women and men.

Ralph Lauren (RL) shares were trading up 0,18 % to 113,86 dollars in New York today.

 

Business Finance Lifestyle

Tesla to make record deliveries in Q2?

The US electric cars manufacturer Tesla (TSLA) is expecting to make a record deliveries of Tesla cars during the second quarter 2019. The news is based on the company internal email from CEO Elon Musk to employees in which Mr Musk says that the company has  a “good chance” to exceed the deliveries achieved during the last quarter of 2018.

According to the email, the company may be in the position to deliver over 90.700 cars that the company delivered during the final quarter of last year. This would also mean that the daily production would be 900 Model 3 cars during this week.

The Tesla shares one-year return is down over 30 %. Today the shares were trading up 0,69 % to 194,05 dollars.

 

 

 

 

 

Business Finance Lifestyle

Ralph Lauren: China the biggest growth market

The US premium lifestyle products company Ralph Lauren (RL) said yesterday that the China market is the company’s biggest growth market. According to the company filings operating income of the fourth quarter fiscal 2019 was 28 million dollars and operating margin was 1,9 %.

In the North American markets the operating income was 109 million dollars and the margin 15,9 %. In Europe the operating income was 98 million dollars and in Asia 38 million dollars. The operating margins were 23,7 % and 14,3 %.

Ralph Lauren said that the Asia revenue with currency growth was up over 30 % in Mainland China and that China is the fastest growing market for the company.

The whole fiscal 2019 net revenues were 6313 million dollars, up from 6182 million dollars year ago. Operating income was 561 million dollars compared to 498 million dollars year ago. The earnings per share was 5,27 dollars (1,97 dollars).

For the first quarter fiscal 2020 guidance net revenue is expected to be 3-5 % and operating margins to show 30-50 basis points increase. For the whole fiscal 2020 net revenue is expected to increase 2-3 % and operating margin 40-60 basis points.

The Group has over 501 global brand stores related to brands Ralph Lauren, Polo Factory and Club Monaco and the company said it is planning to open new stores in Asia and in Europe during the next fiscal year.

Company share price was trading today up 1,52 % to 113,89 dollars in New York. The  market cap of Ralph Lauren is 8,9 billion dollars

 

 

 

 

 

 

 

 

 

 

Business Lifestyle

Euronext to buy the Oslo Stock Exchange

Euronext NV is moving forward with the Oslo Stock Exchange purchase. The Norwegian Government has approved the process and according to Euronext, the company is completing the transaction by the end of June 2019. Euronext is now holding over 50 % of the Oslo market place.

– Euronext will be fully committed to the further development of Oslo Børs VPS, both its stock exchange and the Central Securities Depository (CSD, known as VPS`), through a client-centric plan benefitting all parties of the Norwegian financial community. Euronext will preserve and develop the specific contribution of Oslo Børs VPS to the Norwegian economy including the Equity Capital Certificates market, the Fish Pool market located in Bergen, the high yield bond market and a seamless efficient listing platform, the company said in the press release.

Nasdaq has also been bidding for the Oslo markets and the company owns 37 % of the Oslo Stock Exchange.

Lifestyle

Luxury gift ideas for the Season

Spring season is always the start of the festivity season. Here we have selected some of the best luxury gift ideas for your loved ones for this Mother’s Day and beyond.

The Italian high-design jewellery from Utopia include diamonds, SouthSea Pearls and 18 carat gold in the earrings. The new designed, but still classic, heritage style luxury watch from the Swiss company Carl F.Bucherer, has long traditions. According to company they have limited the production to 888 pieces to celebrate the founding year of the Lucerne company in 1888. The strap is cognac brown calfskin.

Gallery_Necklace

This pearl necklace is made from natural SouthSea Pearls and according to the company these jewelleries are natural products, with no artificial treatment (www.utopia.com).

 

 

 

Lifestyle Design

Watches of Switzerland considering an IPO in London

The UK reseller Watches of Switzerland is considering an IPO in the London Stock Exchange.According to Bloomberg, the company is seeking funding for its US expansion.

The company is the biggest reseller of the luxury timespecies in the UK and they estimate more growth figures from the US markets. Private-equity company Apollo Global Management is expected to keep a stake in the company.Barclays Bank and Goldman Sachs are acting as global coordinators.

Finance Lifestyle