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Ralph Lauren buys shoes businessRalph Lauren buys shoes business
1-Jun-2005
Polo Ralph Lauren Corp is buying Ralph Lauren Footwear Co Inc, its global licensee for men's, women's and children's footwear, from sports apparel manufacturer Reebok International, subject to regulatory approval
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The Reebok subsidiary has held the Polo Ralph Lauren licence since 1996.
The $110m purchase, expected to be complete by the end of June, is part of a long-term strategy
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