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.

A model wears designs from Ralph Lauren's fall 2015 collection in New York last month.
Ralph Lauren the 75-year-old designer’s net worth is estimated at $8.2 billion

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 ...