Ralph Lauren Corporation Announces the Retirement of Roger Farah, Executive Vice Chairman
“Roger is a spectacular leader, trusted advisor and a good friend,” said
Mr. Farah commented, “The last fourteen years have been among the most rewarding of my career. It has been an honor to work with Ralph and the team. I am very proud of what we accomplished, and I am excited to watch the Company evolve as it pursues its many compelling growth opportunities. I am confident that the leadership team, under Ralph’s guidance and vision, is well prepared to execute the next phase of the Company’s development and continue to create significant value for its shareholders.”
Following Mr. Farah’s retirement from
ABOUT
This press release and oral statements made from time to time by
representatives of the Company contain or may contain certain
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements
include statements regarding, among other things, our current
expectations about the Company's future results and financial condition,
revenues, store openings, margins, expenses and earnings and are
indicated by words or phrases such as "anticipate," "estimate,"
"expect," "project," "we believe" and similar words or phrases. These
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause actual results,
performance or achievements to be materially different from the future
results, performance or achievements expressed in or implied by such
forward-looking statements. Forward-looking statements are based largely
on the Company's expectations and judgments and are subject to a number
of risks and uncertainties, many of which are unforeseeable and beyond
our control. The factors that could cause actual results to materially
differ include, among others: the loss of key personnel; our ability to
successfully implement our anticipated growth strategies; to continue to
expand or grow our business and capitalize on our repositioning
initiatives in certain merchandise categories; our ability to secure the
technology facilities and systems used by the Company and those of third
party service providers from, among other things, cybersecurity
breaches, acts of vandalism, computer viruses or similar events; our
ability to continue to maintain our brand image and reputation and
protect our trademarks; the impact of global economic conditions and
domestic and foreign currency fluctuations on the Company, the global
economy and the consumer marketplace and our ability to access sources
of liquidity; the impact of the volatile state of the global economy or
consumer preferences on purchases of premium lifestyle products that we
sell and our ability to forecast consumer demand; changes in the
competitive marketplace and in our commercial relationships; risks
associated with our international operations, such as compliance with
the Foreign Corrupt Practices Act or violations of other anti-bribery
and corruption laws prohibiting improper payments and the burdens of
complying with a variety of foreign laws and regulations, including tax
laws; our ability to continue to expand our business internationally;
risks associated with changes in social, political, economic and other
conditions affecting foreign operations or sourcing (including tariffs
and trade controls, raw materials prices and labor costs); changes in
our effective tax rates or credit profile and ratings within the
financial community; changes in our relationships with department store
customers and licensing partners; the potential impact on our operations
and on our customers resulting from natural or man-made disasters; and
other risk factors identified in the Company's Annual Report on Form
10-K, Form 10-Q and Form 8-K reports filed with the
Source:
Ralph Lauren Corporation
Investor Relations
James Hurley,
212-813-7862
or
Corporate Communications
Winnie Lerner,
212-583-2262
