Ralph Lauren introduced it’s going to add a brand new addition to its hospitality portfolio with the opening of The Polo Bar Ralph Lauren in London in 2028.
The restaurant will open in Mayfair and builds off the success of The Polo Bar restaurant in New York City, which opened in 2015. The model additionally operates eating places in Chicago, Paris, Milan and Chengdu, together with over 40 Ralph’s Coffee places world wide.
In August, Ralph Lauren reported that its same-store gross sales grew by 13 % throughout its fiscal first quarter. And the corporate spotlighted the halo-effect of its hospitality enterprise throughout an investor day in early September.
“We were one of the very first to enter categories like home and hospitality in our industry,” mentioned Ralph Lauren’s chief govt Patrice Louvet throughout that presentation. “While these categories are today a small portion of our total business, they are important channels for our brand, giving people a tangible way to step into Ralph’s world.”
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At its first investor day since 2022, the model laid out a plan to construct on its latest success, together with increasing into 20 extra cities and persevering with to develop profitable classes like purses and outerwear.