Regent, a private equity firm, agreed to acquire Club Monaco, a high-end casual clothing retailer, from Ralph Lauren, an American fashion company. Financial terms were not disclosed. "Club Monaco is a beloved brand with a modern style, loyal customer base and long runway for growth. We see tremendous opportunity for Club Monaco and are excited to leverage our retail and e-commerce expertise to build upon the strong brand that the Ralph Lauren team built over two decades of stewardship," Michael Reinstein, Regent Chairman.