Neiman Marcus and Ralph Lauren have teamed up to launch an exclusive collection that reinterprets the classic patchwork motif with elevated craftsmanship and contemporary appeal.
Neiman Marcus and Ralph Lauren launch Patchwork Americana collection. – Neiman Marcus x Ralph Lauren
Dubbed “Patchwork Americana”, the 52-piece assortment, spanning men’s, women’s, and children’s fashion, marks Ralph Lauren’s first-ever exclusive collection for the luxury retailer, reinforcing a shared vision of American luxury and style.
Standout pieces from the women’s collection includes a sequined flag sweater featuring an exclusive Neiman Marcus emblem, pearl-beaded floral-etched denim, and a patchwork sequin skirt. Completing the collection is a meticulously tailored patchwork suit and an embellished strapless gown.
For men, Ralph Lauren’s signature aesthetic shines through in a palette of deep blues and creams. Key pieces include a tonal palm leaf jacquard jacket, a silk-blend cardigan, the brand’s iconic flag sweater, and a blue Japanese cotton chambray suit.
The children’s collection continues this blend of classic Americana and effortless elegance, featuring a standout Italian cashmere flag sweater alongside an array of styles featuring intricate patchwork details, vibrant colors and whimsical patterns.
“Ralph Lauren’s impact on American fashion is beyond measure. He has forever altered the fashion landscape with a unique vision of relaxed elegance, infusing an old-world sophistication with refreshing modernity, and we are honored to collaborate with Ralph Lauren on a collection created exclusively for our clientele,” said Paolo Riva, chief brand partnerships and buying officer, Saks Global.
“This exclusive collection celebrates the long-standing partnership and admiration between Neiman Marcus and Ralph Lauren, with brand signatures like patchwork denim and easy shirting reimagined into extraordinary wardrobe heroes.”
The collection launches with a dedicated Ralph Lauren installation on the second floor of Neiman Marcus NorthPark, in Dallas, and is available exclusively at select Neiman Marcus locations, online, and through remote selling.
Swedish fintech Klarna has paused its plans for a U.S. initial public offering as President Donald Trump‘s sweeping tariffs rattle global markets, according to sources familiar with the situation.
Reuters
The decision would complicate an uneven recovery for the U.S. IPO market, as the company’s listing was seen as a potential catalyst for encouraging others to follow.
Klarna could reassess its plans if market conditions stabilize, the people said.
While hopes of a recovery were high in 2025, some of the new entrants to the IPO market have seen muted receptions.
LNG exporter Venture Global’s shares have dropped since its January debut. AI infrastructure firm CoreWeave’s shares dipped on their first day of trading, but have climbed since then.
Fears of a trade war have crushed stocks after Trump unveiled the sweeping tariffs plan this week that could weigh on the global economy.
“This kind of market instability naturally makes any company, regardless of sector, hit the brakes on near-term IPO plans,” said Lukas Muehlbauer, research analyst at IPOX.
Klarna was aiming to raise more than $1 billion at a valuation exceeding $15 billion, according to media reports.
It had 93 million active customers on its platform and operations in 26 countries as of 2024 end, according to its IPO filing.
The company had soared to a valuation of $45.6 billion in 2021, but that has tempered since as the pandemic-driven surge in online spending moderated.
Klarna did not immediately respond to a Reuters request for comment. The Wall Street Journal, which first reported the plans, said the company had decided to postpone marketing its shares, originally scheduled for this week.
Meanwhile, U.S. stocks fell sharply for a second straight session on Friday, pushing the Nasdaq toward a bear market.
Shares in companies that have large manufacturing operations in Vietnam, including Nike Inc. and Lululemon Athletica Inc., soared Friday
Nike
Nike shares erased an earlier loss to gain as much as 5.9%, while On Holding AG and Skechers USA Inc. also rose more than 6% each. Lululemon Athletica shares meanwhile jumped 3.9%. Wayfair Inc. was briefly halted for volatility after erasing a 19% decline to jump as much as 6.4%.
Trump said on social media that he spoke to To Lam and Vietnam wants to “cut their tariffs down to zero.” The president unveiled a levy of 46% on goods imported from Vietnam, effective April 9. Apparel and shoemakers had shifted manufacturing to the southeast Asia country in recent years after Trump hit China will levies during his first term.
About half of all Nike brand shoes and 39% of Adidas shoes are made in Vietnam, according to regulatory filings, with the country being the largest supplier of footwear for both companies. Nike has already said it expects its gross margin to decline sharply this quarter, in part due to US tariffs on products from China and Mexico.
Nike shares are still down more than 20% on the year, while Lululemon is off more than 30%.
Zara owner Inditex believes it will have opportunities to grow in the United States where it plans to open more stores, despite trade tariffs announced by President Donald Trump, Chief Executive Officer Oscar Garcia Maceiras said on Friday.
Zara
Garcia Maceiras said the company has not seen any drastic consumption changes in any of its key markets lately.
The United States is Inditex’s second-biggest market.