Ralph Lauren has posted a modest increase in sales and a surge in profit for the first quarter despite a challenging luxury market. The company’s revenue for the quarter ended June 29 was $1.5 billion, up 1 percent on a reported basis and 3 percent in constant currency. According to GlobalData MD Neil Saunders, theRead More
Crypto influencer Richard Heart is facing a lawsuit from the Securities and Exchange Commission over claims he used “at least” $12 million in proceeds from his crypto products to buy luxury products. That includes the purchase of sports cars, luxury watches, and a 555-carat black diamond called The Enigma — supposedly the largest in theRead More
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