Styleforum › Forums › Men's Style › Streetwear and Denim › The Official RRL Thread
New Posts  All Forums:Forum Nav:

The Official RRL Thread - Page 1748

post #26206 of 28139
Quote:
Originally Posted by Bespoke 51 View Post

FYI- RRL is not part of corporate PRL. It is under the sole proprietary ownership of and controlled by Ralph.

This is not correct. RRL is an operating unit of Ralph Lauren Corporation, which is the public holding company. That said, Ralph Lauren owns 82% of the outstanding voting common stock so he effectively controls the company, but I would think as Chairman of its Board of Directors, he has a fiduciary responsibility to maximize returns to the other 18% of its shareholders, even if he himself were comfortable subsidizing RRL's operating losses (this seems to be the conventional wisdom, but since RL Corporation's SEC reports do not break out segment performance, it's hard to validate the assumption that RRL does indeed lose money) indefinitely. However, there are at least some, non-monetary benefits of the line (i.e. celebrity adoption, goodwill) that could come into the equation, making it a not so cut and dried operating decision..
post #26207 of 28139
Quote:
Originally Posted by gnatty8 View Post


This is not correct. RRL is an operating unit of Ralph Lauren Corporation, which is the public holding company. That said, Ralph Lauren owns 82% of the outstanding voting common stock so he effectively controls the company, but I would think as Chairman of its Board of Directors, he has a fiduciary responsibility to maximize returns to the other 18% of its shareholders, even if he himself were comfortable subsidizing RRL's operating losses (this seems to be the conventional wisdom, but since RL Corporation's SEC reports do not break out segment performance, it's hard to validate the assumption that RRL does indeed lose money) indefinitely. However, there are at least some, non-monetary benefits of the line (i.e. celebrity adoption, goodwill) that could come into the equation, making it a not so cut and dried operating decision..

 

Damn, well that sucks.  Guess it's not all that insulated, then.

post #26208 of 28139
Quote:
Originally Posted by gumercindo View Post


Doesn't Wrangler have a completely vintage-like line called "blue bell" that has a similar aesthetic?

 

Yes, another one I overlooked. In addition to Blue Bell, other mainstream companies with vintage lines include Lee (Lee 101), Carhartt (Carharrt WIP) and Dickies (Dickies 1922). Even Dickies got into the vintage game a few years back with their K-1 line. I don't think K-1 is active anymore but I own a few pairs of Cramerton distressed khakis that I work into the rotation. K-1 items still pop up on eBay every once in awhile.

post #26209 of 28139

Mis-post. 


Edited by aquila49 - 6/21/16 at 9:22pm
post #26210 of 28139
Quote:
Originally Posted by gnatty8 View Post


This is not correct. RRL is an operating unit of Ralph Lauren Corporation, which is the public holding company. That said, Ralph Lauren owns 82% of the outstanding voting common stock so he effectively controls the company, but I would think as Chairman of its Board of Directors, he has a fiduciary responsibility to maximize returns to the other 18% of its shareholders, even if he himself were comfortable subsidizing RRL's operating losses (this seems to be the conventional wisdom, but since RL Corporation's SEC reports do not break out segment performance, it's hard to validate the assumption that RRL does indeed lose money) indefinitely. However, there are at least some, non-monetary benefits of the line (i.e. celebrity adoption, goodwill) that could come into the equation, making it a not so cut and dried operating decision..


If the whole deal goes south (POLO) they could be sold off ala LEVIS/ LVC before big E bought it back. May not be such a bad thing, odds on this happening are slim but brick/mortar retailing is taking a hit now to say the least. 

 

Unrelated, but FREEWHEELERS Great Lakes should be in the mix of options to RRL

 

Enjoy

post #26211 of 28139
Quote:
Originally Posted by gnatty8 View Post

This is not correct. RRL is an operating unit of Ralph Lauren Corporation, which is the public holding company. That said, Ralph Lauren owns 82% of the outstanding voting common stock so he effectively controls the company, but I would think as Chairman of its Board of Directors, he has a fiduciary responsibility to maximize returns to the other 18% of its shareholders, even if he himself were comfortable subsidizing RRL's operating losses (this seems to be the conventional wisdom, but since RL Corporation's SEC reports do not break out segment performance, it's hard to validate the assumption that RRL does indeed lose money) indefinitely. However, there are at least some, non-monetary benefits of the line (i.e. celebrity adoption, goodwill) that could come into the equation, making it a not so cut and dried operating decision..
My comment was based on my behind the scenes knowledge at 650 Madison Ave. Unless this is a recent change, it was always detailed to me that RRL was Ralph's and separate and distinct from everything else.
post #26212 of 28139
Well someone can open their 10k filing...
post #26213 of 28139
Quote:
Originally Posted by carloso View Post
 

For anyone who ordered the type 2 denim jacket, has your ordered shipped? The jeans I ordered with it have already been shipped out and I'm getting a funny feeling the jacket may be cancelled.. 

 

The jacket will probably ship from a store.  Tis usually the case when items don't ship together.

post #26214 of 28139
Quote:
Originally Posted by Bespoke 51 View Post

My comment was based on my behind the scenes knowledge at 650 Madison Ave. Unless this is a recent change, it was always detailed to me that RRL was Ralph's and separate and distinct from everything else.

Not correct. Its part of their financial reporting to the SEC, so public domain..
post #26215 of 28139
Quote:
Originally Posted by FlaSurfer View Post
 

 

The jacket will probably ship from a store.  Tis usually the case when items don't ship together.

Best of luck @carloso , because my type II order just got canceled. 

post #26216 of 28139
Quote:
Originally Posted by Bethany Heck View Post
 

Best of luck @carloso , because my type II order just got canceled. 

What size did you get for the T2 Denim Jacket? 

post #26217 of 28139
As long as PRL dos not disclose specifics about RRL, Lauren can continue to keep it operating as his pet project. Yes, maximizing shareholder value - blah blah, but he'd hardly be the first COB to have his special project where he's given room to operate with a certain degree of discretion. Since it's his company, I'm sure they'd give him that latitude until a certain point.
post #26218 of 28139
Quote:
Originally Posted by gumercindo View Post

As long as PRL dos not disclose specifics about RRL, Lauren can continue to keep it operating as his pet project. Yes, maximizing shareholder value - blah blah, but he'd hardly be the first COB to have his special project where he's given room to operate with a certain degree of discretion. Since it's his company, I'm sure they'd give him that latitude until a certain point.

Well, it has nothing to do with disclosing specifics or not, I think Ralph Lauren would have the influence to operate a money-losing segment of RLC, well, forever in theory. If the shareholders don't like it, they can elect a new Board and a new Chairman. Of course, since Ralph Lauren personally owns 4/5ths of the voting stock, we know how that will go. I am only curious at where the idea that RRL is a money loser comes from. I've never seen segment results, but I would not be surprised if this were an urban legend amongst the #workwear community..
post #26219 of 28139
Quote:
Originally Posted by White Lotus View Post
 

What size did you get for the T2 Denim Jacket? 

XS. It's always a risk that something will get cancelled because they keep such low stock of that size, many XS items don't even make it to the sale.

post #26220 of 28139

Was there ever any indication why they cancelled women's RRL?  Seems like that could be the canary in the coal mine.

New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: Streetwear and Denim
Styleforum › Forums › Men's Style › Streetwear and Denim › The Official RRL Thread