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.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"