Ralph Lauren Announces $2 Million Gift To Hurricane Sandy Relief Efforts
NEW YORK--(BUSINESS WIRE)-- Ralph Lauren, Chairman and CEO of Ralph Lauren Corporation, today announced a $2 million gift to Hurricane Sandy relief efforts. As part of the $2 million gift, the Ralph and Ricky Lauren Family Foundation is donating $1 million to the Mayor's Fund to Advance New York City to help address immediate needs of New Yorkers as well as long-term relief efforts. Ralph Lauren Corporation, through the Polo Ralph Lauren Foundation, is donating the other $1 million to relief efforts, dividing the money between the Robin Hood Relief Fund, the American Red Cross Disaster Relief Fund and to local organizations for relief and rebuilding efforts in New Jersey, Connecticut, Long Island and Westchester County.
In addition, the Company has set up an employee matching program with the American Red Cross for up to $1 million and will work closely with selected organizations for in-kind donations of clothing and other necessities.
"I'm a born and bred New Yorker. I raised my family here and started my business here. The Tri-State area is home to thousands of our employees and our customers and we have a special and personal relationship with the affected areas," said Ralph Lauren. "We want to support the selfless work of so many agencies, professionals and volunteers and hope that these donations will make it easier for our cities to rebuild and recover."
ABOUT RALPH LAUREN
Ralph Lauren Corporation (NYS: RL) is a leader in the design, marketing and distribution of premium lifestyle products in four categories: apparel, home, accessories and fragrances. For more than 45 years, Ralph Lauren's reputation and distinctive image have been consistently developed across an expanding number of products, brands and international markets. The Company's brand names, which include Polo by Ralph Lauren, Ralph Lauren Purple Label, Ralph Lauren Collection, Black Label, Blue Label, Lauren by Ralph Lauren, RRL, RLX, Rugby, Ralph Lauren Childrenswear, Denim & Supply Ralph Lauren, Chaps and Club Monaco, constitute one of the world's most widely recognized families of consumer brands. For more information, go to http://www.ralphlauren.com.
KEYWORDS: United States North America New York
The article Ralph Lauren Announces $2 Million Gift To Hurricane Sandy Relief Efforts originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.