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Polo Ralph completes acquisition of Ralph Lauren Footwear Co Inc

Jul '05
Leading premium lifestyle products designer, marketer and distributor Polo Ralph Lauren Corporation announced it has completed the acquisition of Ralph Lauren Footwear Co Inc, its global licensee for footwear for men, women and children.

The purchase is a cash transaction of approximately $110 million. As previously announced, the transaction is expected to be marginally dilutive to Polo Ralph Lauren's earnings in Fiscal 2006, taking into consideration purchase price allocation and the elimination of licensing royalties.

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

The Company's brand names, which include "Polo by Ralph Lauren", "Ralph Lauren Purple Label", "Ralph Lauren", "Black Label", "Blue Label", "Lauren by Ralph Lauren", "Polo Jeans Co.", "RRL", "RLX", "Rugby", "RL Childrenswear", "Chaps", and "Club Monaco" among others, constitute one of the world's most widely recognized families of consumer brands. For more information, go to http://investor.polo.com.

Polo Ralph Lauren Corporation

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