0630 GMT - Tariffs have been a cost headwind for Ralph Lauren, but the company has a good toolkit for addressing that, says CEO Patrice Louvet. Part of that is thanks to lessons learned from Covid, he says in an interview with the WSJ Leadership Institute at Davos, Switzerland. Covid proved the importance of agility and diversification, he says. "We realized that we were too concentrated in a limited number of markets and with a limited number of suppliers," Louvet says. "As a result of that, no market now is more than 20% of any of our business. We have dual sourcing across all of our products...and we have the ability to move things around depending on what we're seeing in a given market." (fabiana.negrinochoa@wsj.com)

(END) Dow Jones Newswires

January 22, 2026 01:30 ET (06:30 GMT)

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