Ralph Lauren Home, a division of Polo Ralph Lauren Corporation announced that it has entered into a licensee agreement with Schnadig International Corporation to manufacture and distribute furniture worldwide, including upholstery and casegoods, under the Lauren Ralph Lauren brand effective September 29, 2009.
“Lauren Furniture represents an exciting opportunity for the company to complement the Lauren lifestyles. This new collection offers a wide array of styles and materials all of exceptional quality” said Frank Guzzetta, President Ralph Lauren Home. “We are pleased to have a partner that truly understands Lauren Home and the lifestyle that is so important to the integrity of the brand. We look forward to a productive and profitable collaboration with Schnadig International.”
“We are excited about sharing the prestige of Lauren Ralph Lauren” said Jeff Young, chairman and CEO of Schnadig International Corporation. “Our partnership with the universally respected and consumer-coveted Lauren brand is another key step in the evolution of Schnadig International.”
Polo Ralph Lauren Corporation is a leader in the design, marketing and distribution of premium lifestyle products in four categories: apparel, home, accessories and fragrances. For more than 40 years, Polo’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”, “Polo Jeans Co.”, “RRL”, “RLX”, “Rugby”, “Ralph Lauren Childrenswear”, “American Living”, “Chaps”, and "Club Monaco" among others, constitute one of the world’s most widely recognized families of consumer brands.
For more information, go to http://investor.ralphlauren.com.
Schnadig International Corporation is a wholly owned subsidiary of Markor International Furniture Co., Ltd, a world class furniture manufacturing and furniture retail operation based in China. The acquisition of Schnadig by Markor was completed on January 5th, 2009. Incorporated in 1952 by Lawrence K. Schnadig, the company has a solid foundation beginning with the merging of S. Karpen & Brothers, which was established in 1880, and International Furniture Company, which was founded at the turn of the twentieth century.