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Share: Ralph Lauren Corp (NYSE: RL) has sold its Club Monaco brand to the private equity firm Regent, L.P., for an undisclosed sum. What Happened: Club Monaco is a casual clothing retailer with more than 140 locations worldwide. The company was founded in Toronto in 1985 and acquired by Ralph Lauren in 1999. In a press statement, Ralph Lauren described the sale of Club Monaco as being part of its Fiscal 2021 Strategic Realignment Plan, which included a review of its portfolio to determine which brands are poised for sustainable growth. “As we increase our focus on our core namesake brands, we want to ensure the Club Monaco brand is also well-positioned for long-term success,” said Patrice Louvet, president and CEO. We are confident that Regent is the right home for Club Monaco to realize its full potential, as they will be able to leverage their strategic and operational expertise to continue Club Monaco’s growth.”

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