High-End Lifestyle Brand Ralph? Lauren Sells 9 Million Shares
High-end lifestyle brand Ralph?
Lauren
(Ralph Lauren) decided to sell 9 million common shares at the 43rd anniversary time of the establishment of the company, so that President Lauren can achieve diversification of personal investment.
Polo Ralph Lauren announced in June 14, 2010 that it had begun to sell 9 million A common shares publicly.
The company, which has a market value of 4 billion 900 million US dollars, is the industry leader in designing and selling high-end lifestyle products. Its products include home furnishings, clothing, accessories and perfume.
The company is one of the world's most famous consumer brand family businesses.
Open sale
Price of stock
At $81 per share.
Morgan chase, Goldman Sachs, Deuthe Bank Securities Inc and UBS Investment Bank underwriters are responsible for the placement. They can buy up to 1 million 350 thousand shares of A common stock to Mr. Lauren in 30 days.
Although this year's annual revenue decreased by 1% compared with 2009, the US company insisted on this.
Sale
It's just part of Mr. Lauren's personal diversification.
The president's position in the company remains unchanged.
He and his family will remain in control of the company.
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