Ralph Lauren Draws A-List Hollywood Crowd for Sumptuous Show

Models walk the runway at the Ralph Lauren Spring 2023 Fashion Experience on Thursday, Oct. 13, 2022, at The Huntington in Pasadena, Calif. (AP)
Models walk the runway at the Ralph Lauren Spring 2023 Fashion Experience on Thursday, Oct. 13, 2022, at The Huntington in Pasadena, Calif. (AP)
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Ralph Lauren Draws A-List Hollywood Crowd for Sumptuous Show

Models walk the runway at the Ralph Lauren Spring 2023 Fashion Experience on Thursday, Oct. 13, 2022, at The Huntington in Pasadena, Calif. (AP)
Models walk the runway at the Ralph Lauren Spring 2023 Fashion Experience on Thursday, Oct. 13, 2022, at The Huntington in Pasadena, Calif. (AP)

Bronx-born Ralph Lauren, a quintessential New Yorker, had never staged a runway show on the West Coast before. So clearly, with his first show in sunny California, he was going to go big — or, well, stay home.

Big he went, staging a sumptuous display of his well-honed ethos of casual luxury, with strong Western accents like cowboy hats and boots, against a setting sun at the grand Huntington Library, Art Museum, and Botanical Gardens in San Marino, California, near Los Angeles.

Rivaling his lavish 50th anniversary show in New York’s Central Park in 2018, Thursday’s extravaganza brought in a slew of movie stars — including newlyweds Jennifer Lopez and Ben Affleck — to watch more than 120 models strut the runway, including some adorable tots in Lauren's childrenswear who had the fashionable crowd gasping with delight.

"We’re in show business," the 83-year-old designer said simply in a post-show interview, standing next to the endlessly long, candlelit tables where guests dined post-show on Polo Bar burgers, grilled branzino and other specialties from his restaurant in New York.

Lauren explained that early on, he had felt LA wasn’t his style, but that changed and he finally decided, "OK let’s do something in LA, but let’s do it great."

Always a celebrity magnet, Lauren brought out a slice of A-list Hollywood with Lopez and Affleck, Ashton Kutcher and Mila Kunis, Sylvester Stallone, John Legend, Diane Keaton, Jessica Chastain, Laura Dern, Chris Pine and James Marsden, to name a few.

The intimate affair for some 200 people began with cocktails and hors d’oeuvres like tuna tartare on a patio overlooking the lush lawns and gardens of the Huntington, which once housed Gilded Age tycoon Henry Huntington. Celebrity guests mingled along with TikTok influencers and Lauren customers.

As the sun sank lower, guests were summoned to the tiled entrance of the museum, where models strutted to a soundtrack of California-themed songs like "California Dreamin."

There were plenty of cowboy hats, worn-in jeans and boots to begin with, gradually morphing into fancier wear like long, bright skirts and slinky cut-out gowns for the women.

A gasp traveled through the crowd as two small children appeared, each holding one hand of their accompanying adult, dressed in classic Lauren looks of tweed jackets, sweater vests, pinstriped button-downs and white shorts.

More children followed, including a little boy in bright green trousers who stole the moment by insisting on high-fiving everyone he passed.

The show, which featured designs from several Ralph Lauren lines including menswear and childrenswear, finished with the models all returning to gather on the patio, joined by Lauren as he emerged to cheers.

Over dinner, Kushton and Kunis chatted with Legend, who said in an interview before the show that Lauren is "obviously an icon in the fashion business and has meant so much to style for such a long time."

Lopez noted that Lauren had dressed her and Affleck for their recent nuptials. "Ralph did our wedding, so we’ve become quite close," the pop star said. "And we really love his aesthetic."

And singer Maggie Rogers noted she had grown up as a fan of the brand. "I have been watching them for the last couple of years and to me they represent such a timeless American style, and I always try and bring that ... classic thing to my music," she said. "So, it feels like the perfect match."



Levi Strauss Lifts Annual Forecasts on Steady Denim Demand in Europe Despite Tariff Pain

A logo is displayed at the Levi’s outlet retail store at Bicester Village in Oxfordshire, Britain, August 21, 2024. (Reuters)
A logo is displayed at the Levi’s outlet retail store at Bicester Village in Oxfordshire, Britain, August 21, 2024. (Reuters)
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Levi Strauss Lifts Annual Forecasts on Steady Denim Demand in Europe Despite Tariff Pain

A logo is displayed at the Levi’s outlet retail store at Bicester Village in Oxfordshire, Britain, August 21, 2024. (Reuters)
A logo is displayed at the Levi’s outlet retail store at Bicester Village in Oxfordshire, Britain, August 21, 2024. (Reuters)

Levi Strauss raised its annual revenue and profit forecasts after beating quarterly estimates on Thursday, betting on strong demand for its denims in regions such as Europe in the face of tariff uncertainty.

Levi's is leaning on a diverse supply chain that includes Bangladesh and Cambodia, and getting rid of less-enticing merchandise to weather tariffs at a time when other apparel brands are feeling the pinch of higher costs on duties.

The company increased its inventory by 15% by the end of the second-quarter because of strong demand and tariffs as well, said Levi Strauss & Co. Chief Financial and Growth Officer Harmit Singh.

"Our view is that the health of the inventory is good. It's in a better spot today than it was a year ago, definitely better than two years ago," Singh said.

Looking ahead, Singh said the company has brought in 60% of the inventory needed in the US to get through the second half of the year, which includes major sales events like Amazon Prime Day, back-to-school and the holiday shopping seasons.

The company's shares rose about 8% in extended trading.

The denim maker's efforts to introduce new styles and collections including dresses, skirts and wide-legged jeans have helped it navigate a challenging market and subdued consumer spending, which continues to weigh on the retail industry.

Newer styles are also helping Levi Strauss with inventory management and reducing the number of product types, Singh said.

"We are taking a hard look at productivity in our assortments," Singh said. The company is removing products from its assortment that do not perform well with customers, and is replacing them with newer, trendier merchandise.

In Europe, its net revenue rose 14% on a reported basis for the quarter ended June 1, compared with a 2% decline a year earlier.

Revenue in its direct-to-consumer segment increased 11% on a reported basis after rising 8% a year ago.

The Trump administration's unpredictable trade policies with countries such as China and Vietnam have disrupted supply chains for apparel and footwear makers. However, Levi has been leveraging its diverse sourcing network to mitigate the impact from tariffs.

Levi, which sources about 1% of its US imports from China and in mid-to-high single digits from Vietnam, told Reuters it is largely sourcing from countries such as Bangladesh, Cambodia and Indonesia.

The company expects fiscal 2025 revenue to grow in the range of 1% to 2%, compared with a prior forecast of a 1% to 2% decline.

It also expects annual adjusted earnings per share to be between $1.25 and $1.30, compared with a previous forecast of $1.20 to $1.25 per share.

Levi said its forecast factors in 30% US tariffs on Chinese imports and 10% on those from other countries, but assumes no significant worsening of the macroeconomic environment such as consumer strain, supply-chain disruptions or further tariff increases.

However, it expects a full-year gross margin expansion of 80 basis points, compared with 100 basis points projected earlier, due to a 20-basis-point impact from tariffs after mitigation plans.

The company's quarterly revenue of $1.45 billion beat analysts' estimate of $1.37 billion, according to data compiled by LSEG.

Its quarterly adjusted profit of 22 cents per share topped estimates of 13 cents per share.