Ralph Lauren revenue drops by £750m

// Ralph Lauren revenue drops 66%
// The Covid-19 crisis saw the retailer close stores around the worldRalph Lauren has seen its quarterly revenue plummet by nearly $1 billion (£750 million), as the coronavirus pandemic led to store closures and a slowdown in demand for luxury and premium goods.
According to GlobalData, Ralph Lauren is more exposed to the pandemic than other fashion retailers as its jackets, coats and dresses are designed for social or formal occasions.
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