A Closer Look at Ralph Lauren's Strategy for Expanding in China's Luxury Market by 2030
Wednesday, 17 April 2024, 00:30
Ralph Lauren’s 'Cluster Approach' Strategy
Global fashion retailer Ralph Lauren is set to capitalize on China's luxury market growth by adopting a 'cluster approach'.
Expansion in Key Cities
- In a disciplined and sequenced manner, Ralph Lauren plans to explore opportunities in China's key cities.
- The company aims to leverage the still significant growth prospects in the region.
The 'cluster approach' is a strategic move to ensure sustainable growth and market dominance in the lucrative luxury market by 2030.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.