Ralph Lauren Corporation
Ralph Lauren Corporation is an American-traded fashion company was founded in 1967 by American fashion designer Ralph Lauren. Ralph Lauren Corporation is a global leader in the design, marketing, and distribution of premium products, including five categories: apparel, accessories, home, fragrances, and hospitality. For more than 50 years, Ralph Lauren has continuously developed its reputation and distinctive image through an ever-expanding number of products, brands, and international markets.
Ralph Lauren invested in Natural Fiber Welding, Inc., a leading material science startup. They want to revolutionize the reuse of natural fibers, such as cotton, into patented, high-performance materials. It enables Ralph Lauren to develop apparel made from recycled, plant-based materials as well as create and scale a new industry standard for natural fiber recycling. Recycled cotton is often unsuitable for use in new cotton apparel due to the short fibers created during recycling, they have solved this challenge with a process that welds short fibers into longer fibers to create more high-performance cotton yarns. The result has created a material that's superior to synthetic fabrics while still retaining the comfortable feel of cotton. Now, Ralph Lauren is expanding its use of recycled cotton and plant-based, leather alternative materials. It helps advance the progress toward sourcing 100 percent of materials, including cotton, and integrating zero-waste principles across its business.
Over time, the partnership will enable Ralph Lauren to reduce its reliance on synthetics such as polyester and nylon, while scaling the use of recycled materials.
Market Value (Jan 2021): $7.58 billion
Market Value (Jan 2020): $8.86 billion
Address: 650 Madison AvenueNew York, NY 10022
Phone number: 212-318-7000
Website: https://corporate.ralphlauren.com/