Polo Ralph Lauren buys back Polo Jeans license

04 Feb '06

1 min read

Leader in the design, marketing and distribution of premium lifestyle apparel, home, accessories and fragrances Polo Ralph Lauren Corporation announced that it has completed the acquisition of the Polo Jeans business for men's and women's casual apparel and sportswear in the United States from Jones Apparel Group Inc and has settled all outstanding litigation and claims between the two companies.

Polo Ralph Lauren paid an aggregate consideration of $355 million from cash on hand to purchase the stock of Sun Apparel Inc, a Jones Apparel subsidiary, subject to post-closing adjustments, and to settle all outstanding litigation and claims between Polo Ralph Lauren and Jones Apparel and their affiliates.

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.

For more than 38 years, Polo's reputation and distinctive image have been consistently developed across an expanding number of products, brands and international markets.

Polo Ralph Lauren Corporation

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