WWD.com/menswear-news/retail-business/polo-to-up-stake-1979924/
government-trade
government-trade

Polo to Up Stake

Impact 21 Co. said on Friday that a Japanese unit of Polo Ralph Lauren Corp., PRL Japan, plans to buy out minority shareholders via a stock swap.

Impact 21 Co. said on Friday that a Japanese unit of Polo Ralph Lauren Corp., PRL Japan, plans to buy out minority shareholders via a stock swap, according to reports in Tokyo and in the U.S. Impact 21 shareholders will receive a small fraction – 0.00000182 – of a share of PRL Japan for each of their shares, according to the reports. Earlier this year, Polo Ralph Lauren acquired a 97.3 percent stake in the company through a tender offer. In August, Ralph Lauren, chairman and chief executive officer of Polo Ralph Lauren said the company was looking forward to its “new opportunities in Japan.”