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RALPH LAUREN ANNOUNCES STRATEGIC COLLABORATION TO ACCELERATE GROWTH OF LUXURY FURNITURE BUSINESS

Long-term agreement with industry leader Haworth Lifestyle Design will expand luxury furniture distribution, including opening of first standalone Ralph Lauren Home stores

NEW YORK – December 12, 2023 – Ralph Lauren Corporation (NYSE:RL) today announced a strategic, long-term agreement with Haworth Lifestyle Design, a recognized leader in the design, manufacturing and distribution of luxury furniture, enabling Ralph Lauren to continue to expand and grow its Home business. Commencing April 1, 2024, the agreement brings together the strength of the Ralph Lauren brand with the operational expertise of Haworth Lifestyle Design in a first-of-its-kind collaboration for the two companies that is designed to significantly expand the production and distribution of Ralph Lauren’s Italian-made, luxury furniture offerings. The collaboration will also include the development and operations of a network of new, freestanding, immersive Ralph Lauren Home stores in strategic locations globally.

Read the full Ralph Lauren news release here.