×
249
Fashion Jobs
LUPIN
Opportunity For Area Manager - Mass Marketing - Lupin Ltd
Permanent · Pune
SOBHA
Manager - Sales at Sobha Nesara, Kothrud - Pune
Permanent · Pune
MIDAS HYGIENE INDUSTRIES PRIVATE LIMITED
Area Sales Manager - Punjab
Permanent · Jalandhar
PETPOOJA
Area Sales Manager || Software Sales (Pos) || Petpooja
Permanent · Navi Mumbai
FLEETX
Assistant Area Sales Manager/ Area Sales Manager
Permanent · Haldia
FLEETX
Area Sales Manager
Permanent · Tirunelveli
MINIVEL SERVICES
Area Sales Manager - Insurance Company
Permanent · Bengaluru
POLYCAB
Area Sales Manager
Permanent · Chennai
ACME SERVICES PRIVATE LIMITED
Purchase Manager For a Leading Textile Brand
Permanent · Mumbai
SBFC FINANCE
Area Sales Manager And Sales Manager- Loan Against Property
Permanent · Ahmedabad
BUSY INFOTECH
Area Sales Manager - Amritsar / Ambala / Shimla
Permanent · Ambala
GRAND CHEMICAL WORKS
Area Sales Manager- Lucknow (gt Fmcg)
Permanent · Lucknow
GRAND CHEMICAL WORKS
Area Sales Manager - Jaipur (gt)
Permanent · Kota
PUMA
Manager- Supply Planning
Permanent · Bengaluru
PUMA
Senior Manager - Performance Marketing- Marketplac…
Permanent · Bengaluru
SURYA FOOD AGRO LTD
Production Manager
Permanent · Greater Noida
SHYAM STEEL INDUSTRIES
Require Area Sales Manager For Different Locations at Bihar
Permanent · Madhepura
PINKODE REALTY LLP
Hiring For Asm/Sales Managers
Permanent · Mumbai
FRQ BRO
Area Sales Manager - Oppo
Permanent · Pudukkottai
FLEETX
Area Sales Manager
Permanent · Tirunelveli
TEACHMINT
Area Business Manager
Permanent · Hubballi
MTC BUSINESS
Production Manager | Khopoli
Permanent · Khopoli
Published
Jun 8, 2015
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Ralph Lauren embarks upon restructuring plan

Published
Jun 8, 2015

Ralph Lauren is embarking upon an effort to restructure its business. The American company has decided to reorganize itself based on six divisions: luxury brands, Polo, Denim & Supply, Chaps - American Living, Ralph Lauren Home, and finally Club Monaco.

Ralph Lauren has reduced its global workforce - Ralph Lauren


Overseen by Christopher Peterson, the reorganization should make it possible to standardize collections at the international level and to reduce the number of products. According to the latest presentation by management, the savings will be substantial. 

The company also announced a savings target of 100 million dollars per year through the restructuring plan beginning in 2017.

And it’s not only apparel that the Ralph Lauren intends to streamline. According to WWD, the company has also begun to reduce 5% of its global workforce: at least 750 jobs are concerned. The company has also budgeted for between 70 and 100 million dollars to support its restructuring costs. 

"Consistent with what was reported after our May earnings call, as part of Ralph Lauren Corp.’s new brand management structure to maximize growth and achieve meaningful operating and financial efficiencies, we are reducing our full-time workforce. Making these kinds of decisions is difficult but necessary, and our new structure will create a platform for profitable growth by allowing us to both improve our global brand equities and drive operating efficiency over time," a spokesperson told WWD.

In its latest presentations, the company stated that is has about 25,000 employees worldwide, including 15,000 that are full time. 

It appears that layoffs began on Thursday, May 4 and affect the company’s various departments. Contacted in order to judge the plan’s impact on its European teams, the Ralph Lauren group had not yet responded to our questions at the time this article was published.

Copyright © 2022 FashionNetwork.com All rights reserved.