RALPH LAUREN CORP (RL) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that RALPH LAUREN CORP surfaced in its latest filing.

• In April 2025, the U.S. announced widespread tariff increases on imported goods under IEEPA and potential further increases, with many countries announcing retaliatory tariffs.April 2025
• In February 2026, the U.S. Supreme Court invalidated IEEPA tariffs previously applied to our imports, after which the current administration announced new tariffs under alternative Trade Act authority.February 2026
• In March 2026, the U.S. Court of International Trade ordered refunds of IEEPA tariffs, and in April 2026, U.S. Customs and Border Protection announced a refund process using the CAP Claim Portal.March 2026
• Saks Global's recent bankruptcy filing.
• Macy's previously announced plan to close 150 stores through calendar 2028.
• As of March 28, 2026, consolidated indebtedness was approximately $1.2 billion, comprised of outstanding unsecured senior notes.March 28, 2026
• Global Credit Facility and other credit facilities had a remaining availability of approximately $805 million as of March 28, 2026.March 28, 2026
• Next Generation Transformation project began in Fiscal 2024 to upgrade technology infrastructure, including AI and machine learning capabilities, for global productivity and operational efficiencies.Fiscal 2024
• In January 2026, the OECD released administrative guidance containing a Side-by-Side (SbS) system modifying the operation of the Pillar Two Global Anti-Base Erosion (GloBE) Model Rules, providing a safe harbor for U.S. headquartered MNE groups.January 2026
• In July 2025, the U.S. signed into law the One Big Beautiful Bill Act (OBBBA), which extended provisions of the Tax Cuts and Jobs Act of 2017 and introduced additional tax provisions.July 2025
• Mr. Ralph Lauren or entities controlled by the Lauren family held approximately 85% of the voting power as of March 28, 2026.March 28, 2026