Polo Ralph Lauren Corporation announced that the Company's Board of Directors has authorized a new $250 million stock repurchase program.
The program permits the Company to repurchase $250 million of its shares of Class A Common Stock, subject to market conditions.
As part of a previously authorized stock repurchase program, the Company is also currently permitted to purchase approximately an additional $198 million of its shares of Class A Common Stock, subject to market conditions.
Shares acquired under the repurchase program will be held in treasury for future use.
Polo Ralph Lauren Corporation is a leader in the design, marketing and distribution of premium lifestyle products in four categories: apparel, home, accessories and fragrances.
Polo Ralph Lauren Corporation
marketing@alchempro.com
