Investment Thesis
Ralph Lauren (NYSE: RL) is a brand that has very little footing in this crisis compared to its competitors. They were having slow growth comps before the crisis, with only low single-digit growth, and compared to other retailers with zero debt and huge cash piles, Ralph Lauren feels very inadequate with over $1.2 billion in debt and $2 billion in cash. Additionally, the clothing is not delivering the styles that are relevant in today’s field and Ralph Lauren always remains significantly behind the trend. And while Ralph Lauren is trying to appeal