LVMH EXPOSED SELLING $2,800 DIOR BAG THAT COSTS $57 TO MAKE

ALBAWABA - Documents from a thorough audit of subcontractors reveal that LVMH-owned luxury fashion firm Dior was only paying an amount as little as $57 to make handbags that sell for thousands of dollars.

In recent months, Milan prosecutors in Italy looked into Dior, an LVMH company, exploitation of third-party subcontractors, according to Business Insider. Prosecutors said that these businesses took advantage of their employees in order to produce bags at much lower rates compared to retail prices.

Last month, LVMH was placed under judicial administration in Milan for allegedly outsourcing labor to Chinese-owned companies that abused its employees. According to a decision document that Reuters saw, workers were sleeping at the workplaces in order to have "manpower available 24 hours a day."

2024-07-05T02:04:25Z dg43tfdfdgfd