Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Irish Arm of Ralph Lauren Pulls in over $200, 000 a Week

Ralph Lauren

A Ralph Lauren firm that operates an outlet store in Ireland recorded revenues of over $207, 000 per week , a report said.

New figures lodged by the Irish arm of the U.S. luxury brand show that the firm increased its revenues by 2% from over $10.5 million to nearly $10.8 million in the 12 months until March 29 last year, the Irish Examiner said.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

Pre-tax profits for Ralph Lauren Ireland Ltd during the year declined by 81% from over $910, 000 to about $167, 000, the report said.

The drop in profit is attributable to higher cost of sales, increasing by 13% from over $7 million to about $8 million, the Examiner said.

The directors’ report states that the company began trading in August 2007 as a factory outlet store in Kildare Village selling clothing and accessories, according to the Examiner.

It also stated that during last year, the firm operated as the Irish commissionaire of Ralph Lauren Europe Sarl, a Swiss-registered firm, and the commission rates earned were 33% during the first three months of the financial year and 24% as of from July 2014, the report said.

The report added that the directors are satisfied with the level of profitability achieved by the company during 2014, and expect the company to consolidate its position in the outlet business during 2015, the Examiner said.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.