Tag: 10-4-percent
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Ralph Lauren to cut about 1,000 jobs and shut shops
Shares of Ralph Lauren, which also forecast declines in full-year and first-quarter revenue, fell as much as 10.4 percent to $86.32 in early trading on Tuesday. Ralph Lauren, like some other luxury brands, has been struggling amid sluggish spending on luxury apparel and accessories. Ralph Lauren said on Tuesday it would try to reduce the…
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Valeant Pharmaceuticals tumbles; Ralph Lauren job cuts; Zillow to pay $130M to settle lawsuit
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Struggling Ralph Lauren Tries to Fashion a Comeback
When he sat down for dinner at Sette Mezzo on Manhattan’s Upper East Side, Ralph Lauren had been deliberating for months over what to do about his faltering business. The market value of Ralph Lauren Corp. now hovers around $8 billion, down from $16 billion three years ago. Stefan Larsson was in some ways an…