Founders

#288 Ralph Lauren

254 snips
Jan 31, 2023
Explore Ralph Lauren's fascinating journey from immigrant to fashion mogul, revealing his unique business strategies and unmatched self-confidence. Discover how he transformed his company from a struggling manufacturer to a thriving design and licensing powerhouse. The discussion uncovers the vital role of cold outreach and personal connections in the fashion industry. Learn about the importance of brand identity, exclusivity, and quality that drove his vision, while also delving into his complex motivations behind achieving tremendous success.
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ANECDOTE

Bloomingdale's Offer

  • Ralph Lauren refused Bloomingdale's offer to sell his ties under their brand.
  • He prioritized building his own brand, even when he was young and broke.
INSIGHT

Licensing Deals

  • Licensing deals, not manufacturing, made designers rich.
  • Ralph Lauren and Calvin Klein leveraged licensing to achieve great wealth.
ADVICE

Pursue Your Dreams

  • Pursue your dreams relentlessly, even when facing adversity.
  • Ralph Lauren embodied this, fulfilling his father's artistic aspirations.
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