RALPH LAUREN CORPORATION ANNOUNCES STEVEN P. MURPHY TO CONSULT FOR THE COMPANY AND LEAVES BOARD OF DIRECTORS

NEW YORK--(BUSINESS WIRE)--May 15, 2015-- Ralph Lauren Corporation (NYSE:RL) announced today that Steven P. Murphy has been hired as a consultant to advise management regarding strategic and other business matters. As a result, Mr. Murphy has resigned from the Company's Board of Directors.
"Steven has been a highly valued member of our Board of Directors and provided us with extensive insight and guidance during his tenure," said Ralph Lauren, Chairman and Chief Executive Officer. "On behalf of the entire Board of Directors, we thank Steven for his many years of dedicated service and look forward to working with him in a new capacity."
Mr. Murphy served on Ralph Lauren Corporation's Board since November 2005. He was the Chief Executive Officer of Christie's International plc from September 2010 through December 2014. He previously served as the President and Chief Executive Officer of Rodale Inc. from 2002 to December 2009, and joined Rodale in 2000 as its President and Chief Operating Officer.
ABOUT RALPH LAUREN
Ralph Lauren Corporation (NYSE: 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 47 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 Ralph Lauren, Ralph Lauren Purple Label, Ralph Lauren Collection, Black Label, Lauren by Ralph Lauren, Double RL, RLX, Ralph Lauren Childrenswear, Denim & Supply Ralph Lauren, American Living, Chaps and Club Monaco, constitute one of the world's most widely recognized families of consumer brands. For more information, go to http://investor.ralphlauren.com.
The information made available on the Company's website and during the conference call contain certain "forward-looking statements" within the meaning of the federal securities law that reflect the Company's view of future events and financial performance as of such date. All such forward-looking statements are subject to risks and uncertainties stated from time to time in the Company's SEC filings. As a result, the Company's future results of operations could differ materially from historical results or current expectations, as more fully discussed in its SEC filings. The information made available also may include certain non-GAAP financial measures, as defined under SEC rules. A reconciliation of these measures will be included in the Company's earnings release, which will be posted on the Company's website, http://investor.ralphlauren.com, and included in the Company's current report on Form 8-K to be furnished to the SEC in advance of the conference call. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Source: Ralph Lauren Corporation
Ralph Lauren
Investor Relations:
Evren Kopelman, 212-813-7862
or
Corporate Communications:
Malcolm Carfrae, 212-583-2262

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