Coming out of Ralph Lauren’s annual shareholder meeting this past Thursday, one has to wonder if there will ever be a slowdown to the juggernaut that is the Polo empire.
It could be the 13.3 million dollar bonus that Lauren received for his continuing efforts in making the company successful. It could also be that sales at the Madison Avenue store on 77th Street were $55 million in fiscal 2005, up 9 percent from a year ago. Maybe it’s the fact that he doesn’t have a reality show to distract him from all the designing.
Whatever it is, the fashion mogul is laughing all the way to the bank. Lasting no more that 20 minutes, Lauren touted the success that the company has enjoyed at the meeting. He also had a few announcements after the meeting including the opening of a Double RL boutique at 390 Bleecker street in NYC, new additions to the RLX high athletic line, and possibly a stand-alone Black Label store.
Apparently Lauren is in fashion and won’t be hitting the runway anytime soon.