Reported about 11 hours ago
Ralph Lauren CEO Patrice Louvet commented that the proposed tariffs on imports from China are likely to result in higher prices for consumers. Although the company has diversified its sourcing significantly in recent years, it still relies on China for certain sophisticated products. Louvet emphasized the importance of flexibility in their supply chain and noted that while they could manage a potential 25% tariff, it would likely lead to increased consumer costs.
Source: YAHOO