![]() Like Lauren, many took new names in the New World. The turbulent ancestral history can be glimpsed on the Internet, where the scattered Lifshitz descendants from the former Jewish Pale of Settlement communicate on the Benchpost Web site. That was the year that President Bill Clinton met Boris Yelstin, after the end of the Cold War and the softening of a harsh regime that had driven his Lifshitz family to emigrate to America, where they settled in New York's Bronx. Then there was his mother's Persian lamb hat that inspired a Russian-themed show - Cossack tunics, greatcoats and Bolshevik tweeds - back in 1993. But he's not Russian - he is clearly American." "In this 40th year, my father is going back full circle. "But this time it is not just about a store opening - it is very much of an emotional trip," he added. Significantly, the main floor offers a new universe of extreme luxury accessories, from sunglasses framed in translucent tortoiseshell to alligator bags, named for Lauren's wife Ricky, and with a gilded identity plaque inside worthy of a czar.įor all its baronial, baroque elegance, with Lauren's indelible meld of 1930s illustrations, ancestral portraits and silver screen Hollywood photographs, all his family - including sons Andrew and David and daughter Dylan - have felt that this Russian venture is exceptional among the 295 stores from Manhattan to Moscow and Buenos Aires to Paris.ĭavid Lauren said that he "didn't know what to expect," and was stunned to see the "ornate and beautiful" golden dome as the plane touched down, rather than grim, gray Stalinist buildings. There the Muscovites will find the world of Ralph Lauren - an Old World of molded ceilings, wrought iron chandeliers, a gentlemanly glass and mahogany elevator and floors dedicated to menswear (including made to measure) and to both glamour and sporty ease for women. And Russian high society is planning to celebrate Wednesday the ribbon-cutting of his 745-square-meter, or 8,000-square-foot, flagship store in Tretyakovsky Passage - the historic 1870s buildings that have been refurbished by the Mercury luxury group to become Moscow's epicenter of high fashion. On Tuesday he was to be feted by the U.S. Start your free trial at designer, known for his portrayal of an opulent, Old World lifestyle, has come to Russia's capital city to open a store in the new Moscow of oligarchs and hyper luxury. ![]() Richard Collings writes the Axios Pro Retail deals newsletter. The bottom line: A potential deal between the two companies underscores how 2022 may shape up to be a big year for retail M&A. And then there is a dearth of targets in Europe, where most brands are spoken for due to consolidation led by LVMH and its rival Kering.While Ralph Lauren is in the middle of reviving its fortunes, there are a number of steps LVMH could take to reposition the label toward higher-margin luxury goods.But since its purchase of jeweler Tiffany, which so far has turned out well, the French conglomerate is more confident about buying American brands.brands given the different business approaches toward luxury between Europe and the U.S. The intrigue: LVMH has been hesitant about making acquisitions of large U.S. Last year, the company sold apparel chain Club Monaco to the PE firm Regent as part of its makeover.The company recently revealed third-quarter earnings that handily beat estimates.It would be viewed by Lauren as a crowning achievement after building one of the most valuable fashion brands in the U.S.A sale to LVMH would secure the future of the business under the long-term ownership and stewardship of LVMH, as other labels have done.Ralph Lauren declined to comment, while LVMH did not respond to a request for comment.īetween the lines: Sources say the founder, chairman and chief creative officer Ralph Lauren is weighing a succession plan for the business he founded in 1967.Why it matters: At any premium to its current enterprise value, which is just under $8 billion, it would be one of the largest apparel deals of all time and cement LVMH's presence in the U.S. fashion brand, according to several sources familiar with the situation. Luxury giant LVMH has held exploratory discussions with Ralph Lauren over the past couple of years about a possible acquisition of the U.S.
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