Polo Ralph Lauren Corporation has completed its previously announced public tender offer for the approximately 80% of the outstanding shares of Impact 21 Co., the company’s Japanese sub-licensee for men's, women's and jeans apparel, and accessories.

Upon settlement of the tender on May 29, Polo Ralph Lauren's ownership of Impact 21 will be 19.22 million shares, or 97.2% of the outstanding shares. The company will acquire the remaining outstanding shares for cash in accordance with established procedures under Japanese law.