Polo Ralph Lauren Corp.’s board approved a new $250 million programto repurchase its class A stock, subject to market conditions.
Thecompany also had $319 million available under previous programs at theend of the first quarter on July 3. That means the company has theauthorization to buy back a total of $569 million of its own stock. Theshares acquired will be held in its treasury for future use.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)