NEW YORK — Ralph Lauren Corp. is pushing into China at last, and expects the move will lift its business worldwide.
The company plans to open 60 stores in Greater China within the next three years. The first 15 units, slated to start opening in Beijing, Shanghai and Hong Kong around mid-fall, will bow by the end of fiscal 2013, around the end of March. Once that presence expands, the company expects it will get a bigger piece of the business from Chinese tourists traveling to Europe.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"