Ralph Lauren: Quarterly profits boosted by Chinese demand – FashionNetwork.com LU

The strong Chinese demand for polo shirts and jackets from Ralph Lauren Corp has allowed the US brand to exceed analysts' estimates of quarterly profits, pushing share prices up by almost 14%.

Photo: Polo Ralph Lauren

Ralph Lauren, like other high-end fashion companies based in New York, Paris or Milan, is developing well in China, where the weakening of the yuan is pushing the wealthiest consumers to shop at home rather than at home. abroad, in a foreign country.

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