According to Director’s Talks Interviews, the consensus view is for increased growth for Ralph Lauren Corporation:
[Ralph Lauren] ticker code (RL) now have 16 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 145 and 92 with a mean TP of 125.34. Now with the previous closing price of 123.64 this would imply there is a potential upside of 1.4%.
If you are into buzz words, you will love Lacoste’s new “Eco-Friendly,” “Closed-Loop” polo shirt of which no two are identical. WWD has the details:
Lacoste is bringing a sustainable twist to its classic bestseller by introducing the Loop Polo. The eco-friendly polo shirt is made of 30 percent recycled cotton spun together with 70 percent virgin cotton; it is unisex.
Lacoste’s Loop Polo is made using a “closed-loop” process, which means no two polos are identical. It comes in a speckled look in heather gray or midnight blue. It has a “petit pique” texture, two-button neckline, short sleeves and tonal croc camouflage [logo], made from recycled polyester.
The manufacturing process also consumes less water. For more details, got to WWD. The shirt is available as of today online and in Lacoste Stores. More coverage at Fashion United UK.
Live Kindly, reports that Lacoste has joined the PETA inspired boycott of mohair by the fashion industry:
According to international animal rights organization PETA (People for the Ethical Treatment of Animals), Lacoste, along with Fast Retailing Co. – which owns a number of brands including Theory and Helmut Lang – banned mohair following the release of an exposé on the industry.
The exposé was filmed in South Africa, where half of the world’s mohair is sourced. It showed shearers – who are paid according to the amount of wool they produce and not hourly – rush through their work carelessly, leaving goats with painful open wounds. For animals who were no longer needed, workers sometimes cut their throats while still conscious.
Previously, Lacoste had agreed not to use Angora or Fur in its products.
“Lacoste and French advertising company BETC are ending 2020 by setting up an operation in favour of Apprentis d’Auteuil, a French association that has been working since 1866 for the education, training, and social and professional integration of young people throughout France.
Between 14 and 20 December, all orders sent to France from Lacoste.com will include a delivery slip for Apprentis d’Auteuil. This voucher will allow consumers to send one or more items of clothing to the association, from any brand, free of charge.”
Read more at B&T Magazine, or watch BETC’s and Lacoste’s Youtube video below: