Ralph Lauren raised its annual sales forecast on Thursday, on strong holiday demand for its expensive cashmere sweaters and ...

(Reuters) - Ralph Lauren raised its annual sales forecast on Thursday, on strong holiday demand for its expensive cashmere sweaters and shirts as wealthy customers remain undeterred by price hikes.

Larger European fashion houses such as Hugo Boss, Kering and luxury bellwether LVMH have been pressured by a broader luxury sector slowdown, especially due to slow spending in China. But Ralph has ...