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Ralph Lauren beats Q1 expectations under new CEO

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Tighter controls on discounting and reducing its department store inventory has allowed Ralph Lauren to record better-than-expected quarterly results under new chief executive Patrice Louvet. Shares at the luxury fashion retailer rose by as much as 11 per cent to $87 (£67) today, which allowed the company to claw back a large chunk of its losses for the year.

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Ralph Lauren beats Q1 expectations under new CEO

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