Polo1 news and archive

Polo Ralph Lauren buys back its jeans license

Polo Ralph Lauren on Monday said it agreed to buy back its U.S. Polo Jeans business from Jones Apparel Group Inc. for $355 million, as part of a strategy to take direct control of its brands. "We already have a strong denim business in Asia and Europe, and with direct ownership of the Polo Jeans business in the United States we will continue to...

Fashion

Creative with Polo

With the launch of its new 'Create Your Own' service, Polo Ralph Lauren is responding to the wishes of the consumer. The service lets you design your own polo shirt between now and 10 September. Available at the concession on the ground floor of Harrods and in the New Bond Street store, customers are able to choose from a selection of seven...

Fashion

Size matters

Ralph Lauren knows that when it comes to high profile marketing, bigger is better. As the official sponsor of the US Open, the iconic American designer has issued a limited edition of polo shirt with an enlarged logo emblazoned on the front, where the tiny polo player usually features. The large version is five times the size of the original....

Fashion

Polo completes shoe acquisition

The Polo Ralph Lauren Corporation has completed the acquisition of Ralph Lauren Footwear Co Inc from sporting goods giant Reebok International Ltd, in a bid to take moe direct control of its core brands. Ralph Lauren footwear is the company's global licensee for men's, women's and children's footwear. The deal, which is valued at $110 million (£...

Fashion

Polo increases earnings projections

Polo Ralph Lauren Corp. raised earnings projections for the first quarter of fiscal 2006 last week. As a result shares in the compay leapt 8.9 per cent. Polo said that the amendment in expectations was in response to improved operating margins. The company said that operating margins for the quarter ended 2 July 2005 are now expected to increase...

Fashion

Polo buys footwear unit

Polo Ralph Lauren Corp. is purchasing its Ralph Lauren Footwear Co. Inc. unit from Reebok International Ltd. for $110 million (GBP 60 million). The footwear company, which has been a Polo Ralph Lauren licensee since 1996, is being bought in an all-cash deal. It is expected to close at the end of June at the latest, according to the American City...

Fashion

Polo announces quarterly dividend

The US fashion house Polo Ralph Lauren Corporation has announced a regular quarterly dividend of $0.05 per share on Polo Ralph Lauren common stock. The company's Board of Directors decided that the quarterly dividend should be made payable on 15 April 2005 to shareholders of record at the close of business on 1 April 2005. Polo Ralph Lauren...

Fashion

Ralph Lauren Polo to sponsor tennis association

Polo Ralph Lauren today is expected to announce that it has secured a partnership deal with the United States Tennis Association, the national governing body for tennis. Polo will be the official apparel sponsor of the U.S. Open tennis tournament for the next four years, taking over from Fila, which recently ended its investment after more than...

Fashion

New CFO for Polo

Luxury goods and clothing retailer Polo Ralph Lauren announced the appointment last week of Tracey Travis as senior vice president and chief financial officer. The appointment will be effective 3 January. Travis will replace Gerald Chaney, who is leaving the company to pursue other interests, according to the company. Prior to joining Polo,...

Fashion

Polo Reports Profits

Polo Ralph Lauren Corp. yesterday posted a 49 percent jump in profit for its latest quarter as sales of women's clothing and children's wear helped results. The New York-based clothing company reported net income of $80.4 million, or 78 cents a share, for the second quarter ended Oct. 2, compared with $54 million, or 54 cents a share, a year...

Fashion

Ralph does Rugby

The American designer Ralph Lauren has launched a new line called Rugby. This new line targets college fans with a smaller bank account. Lauren opened the first Rugby stand-alone store in Boston last weekend and plans to open approximately 40 more stores over the next five years. The new label consists of typical collegiate fare such as corduroy...

Fashion

Ralph Lauren Launches New Rugby Line

Ralph Lauren's latest designs didn't debut on catwalks in New York or Paris but inside a narrow storefront on Newbury Street. The legendary apparel designer is using Boston's college town status to launch his new "Rugby" line and store, which are Lauren's attempt to capture a greater piece of the $27.5 billion 18-to-24-year-old apparel market in...