THE MELANIA EFFECT : Ralph Lauren Stock Prices Spike After Inauguration
Remember all those idiot designers like Tom Ford who refused to dress Melania Trump?
Well, the dummies are surely kicking themselves now for snubbing the First Lady after seeing how well the Ralph Lauren stock is doing now.
From Harper’s Bazaar
On Friday, Donald Trump was sworn in as the 45th President of the United States with his wife Melania by his side. The First Lady was wearing a powder-blue custom-made Ralph Lauren outfit, with matching elbow-length gloves and court shoes.
Although the look prompted much debate on social media (with calls to boycott the American designer on Twitter), the brand noticed one particularly positive effect. According to Yahoo, Ralph Lauren company stock soared in the minutes just before President Trump took the oath of office – about an hour after Melania made her first appearance.
The stock had closed on Thursday at $88.20 a share, before reaching $89.32 in the moments leading up to the inauguration. Trading spiked around 11am, and then stock closed at $88.90 at the end of the day on Friday, a boost in what had otherwise been a down month for the company’s stock.
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We women would like to hear more about what Melanie is doing and what fashions she is wearing,what changes she plans to make decorating wise in the white house….things like that…not trying to offend president trump but her opinion matters in this..it’s nice to have”Camelot”back.in the white house..
My mother and grandmother talked so much about the Kennedy era..