Polo Ralph Lauren Corporation is engaged in the design, marketing and distribution of products, including men?s, women?s and children?s apparel, accessories, fragrances and home furnishings. Shares of RL fell by 0.45% or $-0.55/share to $122.19. In the past year, the shares have traded as low as $71.12 and as high as $136.50. On average, 935577 shares of RL exchange hands on a given day and today's volume is recorded at 1333719.
Monday, June 6, 2011
France's PPR in talks on large luxury takeover-paper, (PRTP), (BRBY), (NYSE: RL), (CFAO), (NASDAQ: VLCM)
French retailer and luxury goods giant PPR (PRTP.PA) is in talks to make a large acquisition in the luxury sector, La Tribune reported on Monday, citing an unnamed internal source. Possible targets include Hugo Boss, controlled by private equity firm Permira, Burberry (BRBY.L) and Polo Ralph Lauren (RL.N), but Italian fashion house Prada, which is pricing its initial public offering in Hong Kong, could actually be the most likely target, the newspaper said. Any such deal could only happen once PPR succeeds in finding buyers for its catalogue business Redcats and books and electronics retailer FNAC, along with the sale of its remaining stake in African distribution business CFAO (CFAO.PA), the newspaper said. PPR, which last month agreed to purchase surfing-inspired clothing firm Volcom (VLCM.O) for $607.5 million, failed to comment on the report.
Polo Ralph Lauren Corporation is engaged in the design, marketing and distribution of products, including men?s, women?s and children?s apparel, accessories, fragrances and home furnishings. Shares of RL fell by 0.45% or $-0.55/share to $122.19. In the past year, the shares have traded as low as $71.12 and as high as $136.50. On average, 935577 shares of RL exchange hands on a given day and today's volume is recorded at 1333719.
Volcom, Inc.: NASDAQ:VLCM quotes & news - Google Finance Source
Polo Ralph Lauren Corporation is engaged in the design, marketing and distribution of products, including men?s, women?s and children?s apparel, accessories, fragrances and home furnishings. Shares of RL fell by 0.45% or $-0.55/share to $122.19. In the past year, the shares have traded as low as $71.12 and as high as $136.50. On average, 935577 shares of RL exchange hands on a given day and today's volume is recorded at 1333719.
