American brand Ralph Lauren partners with Franklin Venture Partners

Investing in consumer technology companies also links directly to Ralph Lauren’s focus on putting the consumer at the centre of its strategies, and Franklin Venture Partners’ focus on seeking women-led companies is a natural extension of the company’s commitment to supporting a gender-equal world, Ralph Lauren said in a press release.

The announcement also builds on Ralph Lauren’s minority investment in Natural Fibre Welding, Inc. (NFW), a leading startup focused on sustainable material science that has revolutionised the reuse of natural fibres into patented, high-performance materials. “At Ralph Lauren, the powerful combination of honouring our heritage while embracing innovation has guided our brand and business for decades,” said Patrice Louvet, president and chief executive officer, Ralph Lauren Corporation. “Participating in opportunities like this one with Franklin Venture Partners is one example of how we are pursuing new pathways for innovation, and we are excited to support the growth of these companies and benefit from insights and technology that can help guide our company and our industry’s future.”

This strategic partnership allows Ralph Lauren to leverage Franklin Templeton’s deep investment experience and open new opportunities for the company to collaborate with others to develop and deploy new technologies. It also provides a platform for Ralph Lauren to discuss trends and opportunities with industry peers and experts, as well as benefit from Franklin Venture Partners’ extensive network and new avenues for data, research and insights into emerging consumer technology.

Fibre2Fashion News Desk (RR)