Ralph Lauren’s Winter Olympics wear: ‘Made In The USA’

Updated: Wednesday October 30, 2013 MYT 6:56:38 AM

Ralph Lauren’s Winter Olympics wear: ‘Made In The USA’

NEW YORK Ralph Lauren Corp unveiled its Team USA designs for the 2014 Sochi Winter Olympics on Tuesday, emphasizing that – “from yarn to dye” – they were made in America. The U.S. fashion designer debuted the red, white and navy uniforms on NBC’s Today Show and in a five-minute company video featuring its 40 American production partners in a bid to redeem itself after drawing heavy criticism for manufacturing US gear in China for the last Olympics. Days before the start of the London Olympics in July 2012, six Democratic senators introduced the “Team USA Made In America Act of 2012” after news reports that Ralph Lauren had outsourced its work to overseas factories. In response to the outcry, the company issued a statement vowing to design, source and manufacture all future Olympic outfits in the U.S. The film on the company’s website shows the production of the athletes’ American flag sweaters, starting with the 142-year-old Oregon family-run sheep farm to the California husband and wife team’s high-end knitwear company where the sweaters are made. Ralph Lauren, licensed by the United States Olympic Committee, has been making Team USA’s apparel for the opening and closing ceremonies for each of the Olympic games since 2008. This year the designer has made 65,000 items for the 650 American athletes, including navy pea coats and boots with American flag emblems, according to the website.- Reuters

Unknown's avatarAbout bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

Leave a comment