Ralph Lauren sets up $5bn pair of Irish companies
The New York-based fashion house Ralph Lauren, founded and owned by the eponymous designer, has established two Irish companies with a combined share capital of $5 billion to run significant parts of the global fashion empire.
The US giant, which is listed on the New York Stock Exchange, set up the two firms in recent weeks. Filings reveal that the firms will concentrate on global e-commerce and investment operations.
One entity, Ralph Lauren Commercial Enterprises, was established to “carry on the business of e-commerce”, according to its memorandum of association.
The firm’s operations will include the development of a website and trading platform, managing the processing of transactions and...
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