Ralph Lauren Accused Of Plagiarizing Indigenous Designs: Report - Ralph Lauren (NYSE:RL)

The wife of Mexico's president accused luxury brand Ralph Lauren Corp RL of plagiarizing indigenous designs.
In an Instagram post, Beatriz Gutierrez said the fashion label had appropriated the work of Mexico's pre-Hispanic cultures.
"Hey Ralph (Lauren): we already realized that you really like Mexican designs," she said.
"However, by copying these designs you are committing plagiarism, which is illegal and immoral."
The post had a photo of a cardigan with indigenous motifs hanging in a store.
In response, Ralph Lauren told Reuters that it was surprised to learn the product still being put on sale. Ralph had issued a directive to remove the said piece from sale previously.
The fashion retailer said all its new products in summer 2023 season featuring indigenous designs will be created under "credit and collaboration."
"Hopefully you repair the damage to the original communities that do this work with love and not for profit," Gutierrez added in her post.
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Price Action: RL shares closed lower by 2.27% at $89.70 on Thursday.