Business Irish

Friday 20 July 2018

Ralph Lauren Dublin arm fashions a €295m dividend

At the end of April last the company had shareholder funds of $5.8bn.
At the end of April last the company had shareholder funds of $5.8bn.

Gordon Deegan

A Dublin-based finance arm of fashion giant Ralph Lauren paid out of a dividend of $345m (€293.5m) to its shareholders last year.

Ralph Lauren International Holdings Unlimited Company is a holding entity which provides financing and deployment of non-US Ralph Lauren cashflow among the company's non-US subsidiaries.

The company made a pre-tax profit of $158.78m in the 12 months to the end of April 2017 as a result of dividend income of $158.8m. The profit last year followed a minor pre-tax loss in 2016 when no dividend was received. The firm had no corporate tax liability in 2017 as a result of tax losses carried forward.

The firm oversees Ralph Lauren's in-house global e-commerce platform and the company remains the non-US holding company which owns almost all of the Ralph Lauren non-US subsidiaries. At the end of April last the company had shareholder funds of $5.8bn. The directors said that on March 30, 2017, they approved the restructuring of its in-house global e-commerce platform which was in development and shifted to a more cost-effective, flexible e-commerce platform.

Globally, in the 12 months to the end of April last, Ralph Lauren Inc recorded revenues of $6.652m and recorded a pre-tax loss of $104.9m. This followed a pre-tax profit of €561.8m in 2016.

The company, listed on the New York Stock Exchange, has a market capitalisation of more than $10bn (€8.5m).

 

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