Ralph Lauren Corp - Ordinary Shares - Class A

NYSE:RL  
139.58
+5.58 (+4.16%)
Debt Financing / Related, Layoffs, Other Pre-Announcement

Ralph Lauren Says Co To Reduce Its Global Workforce By End Of Company's Fiscal 2021

Published: 09/22/2020 13:20 GMT
Ralph Lauren Corp - Ordinary Shares - Class A (RL) - Ralph Lauren Announces Strategic Steps to Re-organize Its Business for Future Growth.
Ralph Lauren Corp - Company Accelerates Key Strategic Priorities With a More Streamlined Organizational Structure and New Technology Platforms.
Ralph Lauren Corp - to Reduce Its Global Workforce by End of Company's Fiscal 2021.
Ralph Lauren Corp - to Reduce Its Global Workforce by End of Company's Fiscal 2021.
Ralph Lauren Corp - Expects to Incur Total Estimated Pre-tax Charges of Approximately $120 Million to $160 Million.
Ralph Lauren - Anticipates Additional Actions Associated With Aforementioned Initiatives As Part of Fiscal 2021 Strategic Realignment Plan.
Ralph Lauren - Global Workforce Reduction Expected to Result in Gross Annualized Pre-tax Expense Savings of About $180 Million to $200 Million.