NEW YORK--(BUSINESS WIRE)--July 20, 2004--Polo Ralph Lauren Corporation (NYSE: RL) today announced that Doug Williams, Group President, will be leaving the Company to pursue other interests effective July 23, 2004.

"On behalf of the entire company, I want to thank Doug for his important contributions in wholesale, licensing and Ralph Lauren Media. During his tenure, the Company experienced significant global growth in wholesale and licensing. All of us here wish him the very best," said Mr. Farah.

Mr. Williams' direct reports, including Joy Herfel, President of Polo Ralph Lauren Menswear, Kim Roy, President of Lauren Womenswear, Cheryl Sterling, President of Ralph Lauren Womenswear Collection Brands, Andreas Kurz, President of International Licensing and Don Baum, Senior Vice President of Sourcing and Manufacturing, will now report to Roger Farah, President and Chief Operating Officer of Polo Ralph Lauren.

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 35 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", "Polo by Ralph Lauren", "Ralph Lauren Purple Label", "Polo Sport", "Ralph Lauren", "Blue Label", "Lauren", "Polo Jeans Co.", "RL", "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://www.polo.com.

CONTACT: Polo Ralph Lauren Corporation
Media Contact:
Nancy Murray, 212-813-7862
or
Investor Contact:
Denise Gillen, 212-318-7516
SOURCE: Polo Ralph Lauren Corporation