Branded Companies destroy approx 12 ton garments every year
Hello friends, do you know that branded companies burn there millions of dollars products to save the value of their brand? Recently, British Luxury brand Burberry burnt 2.5 hundred crore of unsold products. The Luxury brand believes that the product could not be duplicated and they should not be sold cheap so it should be disposed.
TV sting has revealed that H&M has given 7 tons of new clothes to the disposable company for five years. French luxury brand Louis Vito also burns Unsold Bags and Products every year, the company believes that all the customers should get company product at the same price. According to the "US Duty drawback" Rule, if the product is imported andvthe product is not sold and it destroyed then the duty will be returned , this reduces the losses made to the company.
Chanel also burns accessories such as perfume cosmetics and purses and bags left in the end of the season. The company's logic is that their products are expensive and are for special category. In such a way, selling them cheap or keeping them may cause fake products. The company says that the brand is for certain people, and should remain uniqueness
Very nice and informatic blog
Keep up it
Upvoted
U tooo
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Good blog friend, keep it up
Nice one ....keep it up
@madhulikasingh what a information yaar...
Richest country and Developed country have their bad thinking in this way,..
if they donate to charity they would do better for humanity....
Am I right???
Right bro
Unfortunately they will never do it.....
Eye opening article ... Keep on doing good work.
Thanks
Thanks for sharing and good work
nice
Nice blog