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Ralph Lauren Profile, Biography, About

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  • LONDON, June 22- Cristina Stenbeck sounds more like a Silicon Valley entrepreneur than the head of one of Sweden's most venerable family-controlled investment groups, Kinnevik. Stenbeck is one of the most powerful business names in Sweden, heard in the same breath as the Wallenberg family or the Perssons behind fashion giant Hennes& Mauritz.

  • Russia's President Vladimir Putin and Cristina Stenbeck

    Cristina Stenbeck sounds more like a Silicon Valley entrepreneur than the head of one of Sweden's most venerable family-controlled investment groups

  • NEW YORK, June 6- Sears Holdings Corp's controlling shareholder Eddie Lampert met with Ford Motor Co CEO Alan Mulally earlier this year to seek advice on how to turn around the ailing retailer, two sources familiar with the matter said.

  • *Apple reportedly close to deal for Beats Electronics. Apple Inc was the biggest drag on both the benchmark S&P index and the Nasdaq 100 on news it is close to paying a record $3.2 billion for Beats Electronics, two people with knowledge of the matter said, an expensive foray into music streaming and headphone gear. Apple shares lost 1.2 percent to $581.

  • May 9- Ralph Lauren Corp warned on Friday that its efforts to open more stores would erode operating profit margin at the luxury fashion house in the fiscal year through March 2015, and that sales growth would also be slower.

  • *Apple reportedly close to deal for Beats Electronics. *Apple Inc is close to paying a record $3.2 billion for Beats Electronics, two people with knowledge of the matter said, an expensive foray into music streaming and headphone gear. Apple shares slipped 0.7 percent to $583.91 while Internet radio provider Pandora Media Inc lost 2.5 percent to $64.52.

  • May 9- Ralph Lauren Corp said on Friday it expected global revenues to rise between 6 percent and 8 percent in fiscal 2015 but warned its operating margin would decline as it spends money to further build its network of stores. That topped the average Wall Street estimate of $1.83 billion, according to Thomson Reuters I/B/E/S.

  • NEW YORK, Feb 13- Ralph Lauren, Michael Kors and other designers at the close of New York's Fashion Week on Thursday showed swathes of color as sweeping as the outdoors in collections inspired by America's landscapes and rugged coastlines. Fashion shows now move to London, Paris and Milan.

  • Feb 5- Designer clothing company Ralph Lauren Corp said it expects increased promotions to eat into gross margins, spooking investors who had earlier pushed the stock higher on a strong sales outlook. Ralph Lauren's shares rose as much as 6 percent in early trading on Wednesday but reversed course to trade down 3 percent by midday.

  • Feb 5- Designer clothing company Ralph Lauren Corp forecast a strong finish to its financial year after posting a better-than-expected 10 percent rise in third-quarter profit, sending its shares up 9 percent in premarket trading.

  • *Tableau Software soars after earnings, outlook. NEW YORK, Feb 5- U.S. stocks were set to fall at the open on Wednesday after a slightly disappointing reading on the private labor market and ahead of data on the services sector.

  • Ralph Lauren profit rises 10 percent Wednesday, 5 Feb 2014 | 8:11 AM ET

    Feb 5- Designer clothing company Ralph Lauren Corp reported a 10 percent rise in third-quarter profit, helped by higher sales at its own stores, sending its shares up 8 percent in premarket trading. The company's net income rose to $237 million, or $2.57 per share, from $216 million, or $2.31 per share, a year earlier.

  • Forget home flipping, billionaires flip superjets Monday, 11 Nov 2013 | 11:06 AM ET
    Gulfstream G650

    While most of the private jet market is weak, some owners of Gulfstream's top-of-the-line G650 are “flipping” the planes for big profits.

  • BUSINESS-NEWS-SCHEDULE AT 1830 GMT / 230 PM ET Friday, 2 Nov 2012 | 6:33 PM ET

    WASHINGTON- U.S. employers stepped up hiring in October and a small increase in the jobless rate was due to more workers restarting their job hunts, a hopeful sign for a lackluster economy that has been a drag on President Barack Obama's re-election bid ( USA- ECONOMY/JOBS, moved, 900 words).

  • UPDATE 2-Ralph Lauren profit beats as sales hold up Friday, 2 Nov 2012 | 3:55 PM ET

    Nov 2- Clothing company Ralph Lauren Corp reported higher-than-expected quarterly earnings on Friday as revenue held up despite growing anxiety about luxury sales. Without the impact of store closings in China and the discontinuation of Ralph Lauren's low-priced American Living brand, revenue would have risen 3 percent, the company said.

  • Nov 2- Ralph Lauren Corp on Friday reported lower quarterly earnings and reduced its full-year sales forecast because of its ongoing closures of locations in China and the discontinuation of its American Living brand, warning that the global economy is still threatening demand for its fashion items.

  • *S&P 500 up 0.1 pts, Dow down 6 pts, Nasdaq down 2.25 pts. NEW YORK, Nov 2- S&P 500 stock index futures were little changed on Friday after Wall Street posted its best daily rise in seven weeks and ahead of the last monthly jobs report before the presidential elections next week.

  • *S&P 500 up 0.1 pts, Dow down 6 pts, Nasdaq down 2.25 pts. NEW YORK, Nov 2- S&P 500 stock index futures were little changed on Friday after Wall Street posted its best daily rise in seven weeks and ahead of the last monthly jobs report before the presidential elections next week.

  • *Warnaco shares rise nearly 39 percent. Oct 31- Clothing maker PVH Corp will unite Calvin Klein underwear, jeans and sportswear lines under one roof in a $2.8 billion deal to buy rival Warnaco Group Inc, the latest move in the consolidation of the apparel manufacturing industry.

  • UPDATE 6-PVH unites Calvin Klein lines in $2.8 bln deal Wednesday, 31 Oct 2012 | 9:13 PM ET

    *Warnaco shares rise nearly 39 percent. Oct 31- Clothing maker PVH Corp will unite Calvin Klein underwear, jeans and sportswear lines under one roof in a $2.8 billion deal to buy rival Warnaco Group Inc, the latest move in the consolidation of the apparel manufacturing industry.