By  on August 6, 2010

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.

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