Ralph Lauren will receive US$3.2m in the settlement

Ralph Lauren will receive US$3.2m in the settlement

US apparel giant Ralph Lauren is to receive US$3.2m in a settlement from Indian textile maker Arvind Lifestyle following a lawsuit the US luxury fashion brand filed in 2013.

Ralph Lauren filed the case in a US District Court against Arvind and US Polo Association (USPA), alleging a breach of agreement regarding disclaimers to be printed on USPA products sold in India.

In a stock exchange filing, Arvind said the companies got into "good faith discussions and agreed to enter into an amicable settlement without admission of liability of any party".

Arvind Lifestyle Brands, a subsidiary of Arvind Limited, has the license to manufacture and market USPA branded products in India.