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Ralph Lauren Sells Club Monaco Chain to Private Equity Firm

   

Photographer: Brent Lewin/Bloomberg

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Ralph Lauren Corp. agreed to sell its Club Monaco chain of clothing stores to private equity firm Regent LP as part of a broader overhaul of the apparel company’s brands.

The transaction is expected to close by the end of June, according to a statement Thursday. Financial terms weren’t disclosed, and a company spokesperson declined to comment.