👉 The word "Ralph Lauren" originates from the initials of Ralph Lauren, an American fashion designer who founded the brand in 1925. The term is often used to describe high-end fashion companies known for their luxurious offerings and distinctive designs. Here's a more detailed definition: Ralph Lauren's business model revolves around creating luxury goods that cater to affluent consumers seeking tailored clothing and accessories. They emphasize quality over quantity, focusing on the finer details, craftsmanship, and exclusive designs made in-house by their own studio, which is part of the company's corporate headquarters. This approach to product development ensures Ralph Lauren stands out as a leader in fashion for its distinctive style and unparalleled service, positioning them uniquely among other luxury brands.