Ralph Lauren

April 5, 2022

Ralph Lauren picks up $4M co-op in his UES building of 40 years

Ralph Lauren and his wife Ricky have bought a second apartment in the same Upper East Side building where the couple has lived for the past four decades. As first reported by the New York Post and confirmed by property records, the fashion designer paid $4,000,000 for a co-op at 1107 Fifth Avenue, a 14-story building on the corner of East 92nd Street in the Carnegie Hill Historic District.
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December 6, 2018

Ralph Lauren in contract to buy playwright Edward Albee’s oceanfront Montauk home

Fashion designer Ralph Lauren is in contract to buy playwright Edward Albee's former estate in Montauk, the Wall Street Journal reported on Thursday. The property had last been listed for $20 million, the first time on the market in 50 years, but the final sale price has not been confirmed. Located on 2.8 acres with 200 feet of Atlantic Ocean frontage, the four-bedroom home was first purchased in the 1960s by the "Who's Afraid of Virginia Wolf" writer, who died in 2016. With this purchase, Lauren, who owns homes on either side of the property at 320 Old Montauk Highway, adds to his continuous strip of oceanfront real estate.
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April 5, 2017

Ralph Lauren closing flagship store amid Fifth Avenue slowdown

Ralph Lauren announced Tuesday that it will close its flagship store on Fifth Avenue and 55th Street, citing falling revenue and rising rents. As reported by the New York Times, the company, which opened this location in 2014, plans to reorganize by investing more in their online stores. Keeping afloat a business on New York City’s most expensive shopping strip is not a problem unique to Ralph Lauren; Kenneth Cole, Juicy Couture, and H&M have also recently closed their doors. Soaring rents, plus a drop in tourism, has lead to an increase in vacant space along Fifth Avenue.
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