NEW YORK, Aug. 21 /PRNewswire/ -- Polo Ralph Lauren Corporation (NYSE: RL) today announced management changes at Club Monaco, the Canadian-based retailer Polo acquired in April 1999. Joseph Mimran, chairman, president and chief executive officer, and Sol Nayman, executive vice president and chief operating officer of Club Monaco have left the company. Roger Farah, president and chief operating officer of Polo Ralph Lauren, will continue to supervise operations at Club Monaco.

"Over the last fifteen years, Club Monaco has established a dynamic and innovative brand identity in Canada and most recently in the United States. The company occupies a unique position in the retail environment and remains an integral part of Polo Ralph Lauren's business model. We are very excited about Club Monaco's retail store rollout and the new product assortments that will hit the stores this fall," said Roger Farah, president and chief operating officer, Polo Ralph Lauren.

Polo Ralph Lauren Corporation (NYSE: RL) is a leader in the design, marketing and distribution of premium lifestyle products in four categories: apparel, home, accessories and fragrances. For more than 30 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", "Polo Sport Ralph Lauren", "Ralph Lauren Collection", "Ralph Lauren Purple Label", "RALPH by Ralph Lauren", "Lauren by Ralph Lauren", "Polo Jeans Co. Ralph Lauren", and "Chaps Ralph Lauren", among others, constitute one of the world's most widely recognized families of consumer brands. In April 1999, Polo Ralph Lauren acquired Club Monaco, a vertical lifestyle retailer based in Toronto. In February 2000, Ralph Lauren Media LLC was formed as a joint venture between Polo Ralph Lauren, NBC and two of NBC's affiliated companies -- ValueVision International, Inc. (Nasdaq: VVTV) and NBC Internet, Inc. (Nasdaq: NBCI) -- to bring the Polo Ralph Lauren American lifestyle experience to consumers via multiple media platforms, including the Internet, broadcast, cable and print. SOURCE Polo Ralph Lauren Corporation

CONTACT: Lynn Tesoro, Sr. Vice President of Polo Ralph Lauren,