Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Ralph Lauren Corp    RL

News SummaryMost relevantAll newsSector newsTweets 

Ralph Lauren Corp : Ralph Lauren to pay $1.6 million to resolve Argentine bribery case

share with twitter share with LinkedIn share with facebook
share via e-mail
04/22/2013 | 04:54pm CET

Clothing retailer Ralph Lauren Corp will pay more than $1.6 million to settle a criminal and civil investigation of allegations that one of its subsidiaries bribed government officials in Argentina.

U.S. authorities agreed not to prosecute the company after allegations surfaced that it bribed Argentinian customs officials in order to clear merchandise, some of it prohibited, the U.S. Justice Department said.

The company received the lenient treatment because of its "extensive" cooperation in the inquiry and new anti-bribery training for its employees, a world-wide risk assessment it conducted and other remedial measures.

The company will pay an $882,000 penalty to the DOJ and disgorge more than $730,000 in illicit profits and interest to the Securities and Exchange Commission, the two agencies said.

Ralph Lauren did not have an anti-corruption program or provide training to employees at its subsidiary in Argentina in the five-year period over which the bribes occurred, prosecutors said.

A lawyer for the company, Thomas Hanusik, said Ralph Lauren investigated the allegations, reported them to authorities and cooperated in the government probes.

The agreement with the SEC is the first non-prosecution agreement the agency has entered in the foreign bribery context.

In recent years both agencies have stepped up efforts to enforce the Foreign Corrupt Practices Act, a 1970s-era law that bars bribes to officials of foreign governments.

(Reporting by Sarah N. Lynch and Aruna Viswanatha; Editing by Gerald E. McCormick and Dan Grebler)

By Aruna Viswanatha

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on RALPH LAUREN CORP
12:07a RALPH LAUREN : in line to dress Melania Trump
01/12 RALPH LAUREN : Third Quarter Fiscal Year 2017 Results to be Released Thursday, F..
01/06 RALPH LAUREN : Technical Reports on Textile Equities -- Michael Kors, Lululemon ..
01/04DJCoach Names New CFO -- Update
01/04DJCoach Names New CFO -- Update
01/04DJCoach Names New CFO
01/03 RALPH LAUREN : A busy 2016 for Lewiston-Auburn area business
2016 RALPH LAUREN CORP : ex-dividend day
2016 RALPH LAUREN CORPORATION : Declares Quarterly Dividend
2016DJWhat a Michael Kors Bag at Macy's Says About Christmas Sales--Heard on the St..
More news
Sector news : Apparel & Accessories - NEC
01/17 Zalando plans Nordics base to speed deliveries as sales disappoint
01/16 Hugo Boss gets boost from sales rise in China, UK
01/16DJBURBERRY GROUP : Marco Gobbetti to Take on CEO Role in July
01/16 H & M HENNES & MAURITZ : &M montly sales growt 6 percent, lagging forecasts
01/15DJLVMH : To Win Back Customers, Fashion House Fendi Thinks Small
More sector news : Apparel & Accessories - NEC
News from SeekingAlpha
01/17 Tesoro And Aircastle Are Top Strategic Dividend Index Dogs For Winter
01/17 MICHAEL KORS : Massive Upside When The Fog Lifts
01/17 Retail stocks rally after strong USD teed up by Trump
2016 RALPH LAUREN : The Recent Correction Is A Buying Opportunity
2016 How To Take Advantage Of Year-End Price Pressures
Financials ($)
Sales 2017 6 651 M
EBIT 2017 654 M
Net income 2017 425 M
Finance 2017 198 M
Yield 2017 2,24%
P/E ratio 2017 26,58
P/E ratio 2018 15,34
EV / Sales 2017 1,08x
EV / Sales 2018 1,11x
Capitalization 7 363 M
More Financials
Duration : Period :
Ralph Lauren Corp Technical Analysis Chart | RL | US7512121010 | 4-Traders
Full-screen chart
Technical analysis trends RALPH LAUREN CORP
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus HOLD
Number of Analysts 21
Average target price 105 $
Spread / Average Target 17%
Consensus details
EPS Revisions
More Estimates Revisions
Stefan Larsson President, Chief Executive Officer & Director
Ralph Lauren Chairman & Chief Creative Officer
Jane Hamilton Nielsen Chief Financial Officer
Frank A. Bennack Independent Director
Arnold H. Aronson Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
LVMH3.00%101 203
H & M HENNES & MAURITZ..-4.14%40 251
VF CORP-2.27%21 571
More Results