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LIFE IN STYLE MAGAZINE - JUNE 2017

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1 THE EDITOR’S LETTER<br />

Dear Teams,<br />

I am excited to be based in London working with the<br />

DTC teams across Europe. Over the past several weeks,<br />

I have gotten the chance to know some of you and<br />

look forward to meeting the rest of the team in the<br />

coming year. I hope to visit each store and connect<br />

with all RL staff on a regular basis across the various<br />

offices and divisions.<br />

The creation of the International Division is a unique<br />

opportunity to leverage business principles and ideas<br />

across this large territory: one brand, one market, one<br />

customer.<br />

In Europe, we have an exciting challenge ahead of us.<br />

Our goal is to make RLE, RLC and RLS an engine of<br />

sustainable profitable growth within the Company. We intend to elevate the brand with each<br />

investment we make. Concurrent, and equally important to this, is to optimize talent and create<br />

growth and development opportunities for our people. Every time you are making a material<br />

company decision, ask yourself: am I staying true to these principles?<br />

We know we must invest in full price, direct to consumer retail. We are playing catch-up with our<br />

competitors and are already well under way with the re-launch of the e-commerce website planned<br />

for early 2018.<br />

An elevated and exciting e-commerce website that is easy to shop and completely aligned with our<br />

brand across the store network, adds immense value. We have to think about e-commerce as another<br />

flagship store, similar to 1 New Bond Street and Saint-Germain.<br />

We are already aware of the intangible value of stores like Avenue Montaigne. While flagships are an<br />

integral part of our growth strategy, we will also look into investing in other existing stores across<br />

Europe. Additionally, working closely with our global team, we plan to open a new format store that<br />

is consistent with our three guiding principles.<br />

Finally, our success depends on how well DTC works with other divisions in the company. At every<br />

step we must incorporate a total view so we present a seamless singular brand identity that interacts<br />

with the consumer.<br />

Looking forward to the year ahead.<br />

Alessandro Raniolo<br />

President - DTC, EMEA

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