The Brutal Cost of Quiet Luxury

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Paying $34,000 for a winter coat may seem outrageous, but the hair of wild camelids in the Andes mountains of Peru can fetch such prices. Fashion house Loro Piana sells a sweater for $9,000 with vicuna hair collected by members of the indigenous Lucanas community. But despite their contribution, the community receives less than $300. As the top global buyer of vicuna fiber, LVMH-owned Loro Piana's secretive supply chain highlights the use of cheap labor among Peru's least fortunate to make some of the most expensive clothing in the world.
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12 мар 2024

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Комментарии : 234

@business 2 месяца назад

Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: www.bloomberg.com/subscriptions?in_source=RU-vidOriginals

@jamrollz 2 месяца назад

So this entire community earns less collectively per year than 1 Loro Piana coat? Insane

@Factory051 2 месяца назад

At that stage I'd be starting a co-operative to wrestle back some control.

@solofunk 2 месяца назад

Wow!!

@Factory051 2 месяца назад

Capitalism broke decent people.

@StefanHanrath Месяц назад

Honestly, i don’t think that someone who has LP coat money got rich by caring for the poor.

@yanovoyair5129 Месяц назад

that's right, pls help us

@mrcookies409 2 месяца назад

I am peruvian and yes, this shows our underdevelopment. Thanks for bringing this to light, the local media seldom, if ever, shows it.

@al_caponeh6185 2 месяца назад

Yo diría muchos compatriotas casi no escuchan ni se enteran al respecto de la realidad de la cría de vicuña. They[limeño media] barely mention how it is sold at 30k usd in Europe and that's it. Such is the nature of Limeño media.

@mrcookies409 2 месяца назад

@@al_caponeh6185 Si soy de Lima y eso es verdad, se ignora mucho la realidad del pais, y muchas cosas se aprenden por medios, ya sea sociales o de la prensa, extrangeros. Es una pena, no se cuando vamos a cambiar.

@celdur4635 2 месяца назад

@@al_caponeh6185 En Lima si no negocias, mueres, pero tienes propiedad privada. El problema acá es la falta de capitalismo, no son dueños de las vicuñas ni de las parcelas donde ellas viven, los que organizan la comunidad se quedan con todo y le dan a Loro Piana. Agredece a Velasco por estas cosas.

@tshiwambitshakomeya2713 2 месяца назад

This makes me so mad because Peruvians aren’t even asking for much. Just a decent income, that’s it. They are not asking for thousands to build swimming pools in their backyards. Just a little money for their effort. LVMH is a billion dollar company, they can afford it. They can’t even build a clinic for these people?

@AngelicReaper25 Месяц назад

They got their money by screwing many people over as did the overwhelming majority of large companies and rich people

@GameFuMaster Месяц назад

the real question is, why isn't there a competitor to drive up the prices?

@Kaio.Viegas Месяц назад

Trillion*

@___beyondhorizon4664 Месяц назад

@@GameFuMasterLVMH will buy it's competitors, just like any other businesses. This question can also post to iPhone, MacBook etc

@tshiwambitshakomeya2713 27 дней назад

@JG-MV that's just too bad. They are people too.

@MobiusCoin 2 месяца назад

So quiet luxury and fast fashion are both brutal in terms of its production.

@climactic Месяц назад

Right! Someone is always being exploited

@Kaio.Viegas Месяц назад

@@climactic Its case specific, the are luxury fashion houses that make things by hand. If it is LVMH or Kering yeah someone is getting exploited.

@marilemos6810 2 месяца назад

Peruvian people are excellent textile makers by tradition, they just need someone to advise them so that they can make the products themselves. The most important thing is that they have the raw materials.

@petepotr4078 2 месяца назад

👏 there are in Peru textile engineers experts in vicuña fiber processing, only a quick nudge to the market, and the knowledge should reach this community.

@TheBooban 2 месяца назад

They complained that there is only one buyer. But really, if they get together, there is only one seller. Many industries in poor countries don’t take advantage of this.

@alfredoeladiomoreno6242 2 месяца назад

Sure, that’s one step. But then they have to have access to the market and buyers too.

@allisonladd7365 2 месяца назад

this is the solution, how to make it happen?

@thegrumpypanda1016 2 месяца назад

sounds like them owning the means to their production.

@SK-vg3mw 2 месяца назад

Loro Piana, remember the name..

@jamrollz 2 месяца назад

LVMH

@tienouchou 2 месяца назад

Remember this is the Arnault family

@yahirzamalloa8108 2 месяца назад

Shout out @SalmaHayek

@puertousbmonkey Месяц назад

I' am not buying from them anymore . lol

@iross6644 Месяц назад

@@yahirzamalloa8108 that's Kering - aka Gucci, balenciaga etc

@alexi2460 Месяц назад

Boycott the Italian luxury brand. Keeping people poor when their labor and animals provide luxury is disgustng. Now the story Is out.

@christinegivens9048 Месяц назад

💯✅

@lbc38 Месяц назад

It’s all the luxury brands

@louistran016 27 дней назад

you need to be their clienteles first to boycott it, how can we stop buying something we can never afford :D

@sujathaviswanathan7210 2 месяца назад

I am from India and this documentary opened my eyes to the true cost of luxury, quiet and loud. Thanks, Bloomberg!

@wilsonc2147 2 месяца назад

Luxury fashion is more ethical is only a myth, they pay their sources poorly, burn what doesn’t sell and not even necessarily made to last. It’s just a monopoly game for a handful of people.

@chatdanslesbottes8212 Месяц назад

"Ball of Vampires" as V.Putin said

@OrphanSolid 2 месяца назад

I didn't know about this, thank you for this doc

@___beyondhorizon4664 Месяц назад

The same situation is still happening in the Navajo nation in Arizona, at the famous Athalope Canyon. During my half day visit, I learned from the tour guide that the community still does not have running water at the famous tourist attraction! Not all homes has running water! This is in Arizona!

@deborahhanlon2691 2 месяца назад

They are being robbed

@johnhowe997 2 месяца назад

Capitalism.

@petepotr4078 2 месяца назад

@@johnhowe997false. It is a bad deal. 5:45. This report helps to the process of discovery, capitalism works really well.

@herbetard2604 2 месяца назад

Poor animals... vicuñas are so beautiful and peaceful

@thanduxolonelisiwe3265 2 месяца назад

These workers need to unionize and come together and set their wages and other price of the wool. The fashion houses can't get the wool themselves- they need them.

@allisonladd7365 2 месяца назад

they are also being cheated by "the community". the leaders of the community are keeping most of the money.

@___beyondhorizon4664 Месяц назад

They don't have excess to higher education to think in terms of macro economics

@anastasisangelis8202 Месяц назад

@@___beyondhorizon4664 even if they did i don't think it would help them that much without anyone backing them, it seems that the people who actually know exactly what is going on and how they are supposed to handle the situation , are not doing nothing ! probably they are being bribed , it s not hard for the local goverment to help these people , but they don't do it

@eugeniadelacruz3516 2 месяца назад

Peru, my country, really has a lot of potential, but as we see, its authorities, whether state, government, municipality, mayor, care little about the social and economic development of those who are in the front row.

@allisonladd7365 2 месяца назад

thank you for this comment. It sounds as if the community is not paying them, but, paying themselves. If Loro Piano paid more they still wouldn't be better, off. Just the "leaders". I have lived a long time in Peru and my business is working with artisans.

@user-mk5qx8cj9y Месяц назад

Pero quienes apoyaron las matanzas de boluarte? La misma población

@Afwich 2 месяца назад

Backward integration is needed here. Marketers will always be marketers, it is up to the Peruvian govt and the people of the community to think outside the box. Unless the Peruvian govt is in a way benefiting from such monopoly.

@Tzienzibarinzi Месяц назад

@JG-MV Ha...unless they can too benefited-having a piece of cake...

@christinegivens9048 Месяц назад

Thank you so much for exposing this greed. These beautiful animals and the people that care for them deserve much more.

@tienouchou 2 месяца назад

As French, I fill so ashamed of what LVMH does here

@HannahAbout Месяц назад

This makes me so mad, the people deserve a fair payment. I hope this video reaches more people to spread awareness.

@ericanderson9528 2 месяца назад

Is there another source for vicuna fiber? If not, the Peruvian govt should step in and buy all the fiber at a reasonable minimum (aka set a floor). Then turn around and sell everything to LVMH for a cost plus markup (to manage the program). Herders make money, costs the Peruvian govt no money, and LVMH either makes a little less profit, or raises their prices to people who seem to be price insensitive..

@petepotr4078 2 месяца назад

A socialist opinion. Who pays for the margin difference? The government? Who sustains the government? WE THE PEOPLE. Can you think about a solution that doesn’t involve the pockets of peruvian taxpayers??

@thinclient5318 2 месяца назад

Price control will make it worse. The industry will use alternative raw materials.

@santostv. 2 месяца назад

Giving more power to a Latin American government I wouldn’t do that, if government in the “west” are corrupt, Latin America ones come in second and in first African governments imo. Look how Coca-Cola own the Mexican government ect😂

@benzpinto 2 месяца назад

@@thinclient5318sure but do u think the industry will use an entire different material and change their marketing and their product line up just because the raw material went up by 3x but you were selling it for 1000x markup profit previously? i dont think so, u dont even break a sweat. 😂

@Afza1husain Месяц назад

A 3rd world government will be too corrupt & weak to pull this off before one of the richest companies in the world.

@user-mk5qx8cj9y Месяц назад

Vivo en Perú y acá mismo un abrigo de vicuña cuesta cerca de $10 000. Es un robo al trabajador peruano

@paulamolinamallea642 Месяц назад

Yo compré en Cusco un chal de vicuña y era carísimo , es absurdo el valor en que están vendiendo la fibra de Vicuña! Los están estafando y el gobierno peruano? Cri cri cri … el colmo! Que rabia!

@jon6309 2 месяца назад

lol I remember the brand Loro Piana when I was in college. I used to love sweaters and would shop at Off5th Saks to get deep discounts on luxury sweaters but I found a simple elegant one but when I found one I saw the price tag it was $900 on clearance. I quickly put it back lol.

@ideatorx Месяц назад

I don't quite understand this one, sure LVMH could switch to another fibre, but Vicuna is unbelievable its like silk and wool put together, its one of the best fibres in the world, and its only made here, so in-fact the Peruvians in this community have a total monopoly and should band together to ensure its sold for a fair market price.

@biancarosarioramirez9151 Месяц назад

LVMH is the main buyer so it sets the price

@chi-jenyang9752 2 месяца назад

The truth is that luxury fashion products are all about branding and marketing. The raw materials do not matter. These companies can make coats from recycled garbage and consumers will still pay tens of thousands dollars for those garbage.

@lyrilljackson 2 месяца назад

the truth is LVMH ceo and shareholders which they were all bobby axelrod +logan roy

@nicolelopez8897 2 месяца назад

They already make clothing that assembles the "homeless aesthetics"

@Magftygh 2 месяца назад

That's true. The appeal here may also be the legitimately constrained supply.

@fernandoorihuela1608 2 месяца назад

The truth is, that high quality raw materials is the basis of luxury. Luxury brands all start and are made famous for their quality.

@pjacobsen1000 2 месяца назад

Toward the end of the video, locally knitted vicuna wear is shown, presumably sold directly by the Lucanas. How much do they get for that? If it is more profitable, just stop selling to Loro Piana and sell your locally made items. If it is less profitable, I guess they're better off continuing their sales to Loro Piana. However, there's a business case to be made here: If the Lucanas can get property rights to their land, they can develop cooperatives and generate more profits for themselves by controlling production, processing and shipping. This is exactly what European farmers started doing in the 19th century. It brought them from abject poverty to considerable prosperity in just a century.

@marilemos6810 2 месяца назад

Excellent idea! I totally agree!

@hndrwn Месяц назад

This is it! Cooperatives 🎉

@tanyacarr6265 Месяц назад

Guys, you can start making yarn out your vacunas and directly sell online for the knitters from all over the world! I am an avid knitter and would love to buy! Please pass this idea along to Peruvian community.

@Durga24853 Месяц назад

Excellent work❤

@SimonSozzi7258 2 месяца назад

They're also wild animals, unlike the Llama and Alpaca. Vicuñas and Guanacos are their wild ancestors.

@DanyCesc83 2 месяца назад

It will change soon, a few investors are looking to take over the area alongside the people living there and provide a better income so they can flourish alongside us, Loro and anyone else will have to pay a bit more if they want the same material. Or You can boycott Loro Piana and others by simply not thing their products and pay the people in Peru directly for the material and there’s tons of local artisans who can make the same clothing for you!

@remyg9476 2 месяца назад

Muy interessante el reportaje!

@kamuconkamucon8543 2 месяца назад

Typical exploitation in the world.

@bounceday 2 месяца назад

I'm sure they get a fair price. What makes you think a t-shirt is worth 2400$

@lyrilljackson 2 месяца назад

@@bounceday lolllll

@petepotr4078 2 месяца назад

@@lyrilljacksonsocialist dreamer laughs

@Tzienzibarinzi Месяц назад

@@bounceday You obviously havent follow the matter here.

@esthafanychaconzamora7889 Месяц назад

Peru pais sin alma ....gracias por el reportajes

@Cholulasmom 2 месяца назад

Wow I wonder what Selma Hyack has to say about this?

@Shreyansh111 2 месяца назад

That's haram, or something like this 🤣🤣🤣

@petepotr4078 2 месяца назад

She is enjoying the benefits. By the way, she comes from a business driven family.

@winniedai3067 2 месяца назад

Her husband owns Kering, a competitor of LVMH

@ThePerimeters 2 месяца назад

The price and rarity prevent the animals from being exploited by overproduction demands. But yeah, labor should get a cut of the action that's realistically fair.

@divindave6117 2 месяца назад

The living conditions for these people are not improving are due primarily to these factors: 1. lack of education, 2. corruption in local and federal governments, including law enforcement, 3. lack of infrastructure. 4. lack of abundant useful natural resources

@andreevallecam 2 месяца назад

The first two are recurrent meta-structural explanations for underdevelopment. Economic development in historical perspective shows that neither education is needed as start point (Ha-Joon Chang, 2011) or corruption delays it (Ha-Joon Chang, 2007). Infrastructure is essential indeed but it's a consequence of a protective economy and incentives for incipient industries by the Central government (M Gullo, 2019). About availability of natural resources, Perú and Ayacucho have plenty of them, we even specialize our economy on primary extraction, which one of the basal causes for underdevelopment. In Ayacucho, in particular, there are Pb, Au, Cu, Ag mines.

@Tzienzibarinzi Месяц назад

Mistaken. Number 3 & 4 are error. In this industry, vicuna fiber you dont need so big infrastructure: Incas and peoples dealing with this centuries before proves it, as to number 4, Peru is rich and blessed with plenty of "natural resources". Vicuna fiber is but one example.

2 месяца назад

Raise the price! From who else would they buy? 🤷‍♂️

@coastofkonkan 2 месяца назад

Violent middlemen, layers of supply chain, a lot a lot more than just simple price hike

@celdur4635 2 месяца назад

You are watching propaganda, the local leaders are benefiting exploiting their fellow townsmen, since in that part of Peru there is no private property, only communal ownership.

@nicolelopez8897 2 месяца назад

There are vicuñas in Bolivia too

@celdur4635 2 месяца назад

@@nicolelopez8897 I dare you to do business in Bolivia lol

@kimberly9181 Месяц назад

Vicuña clothing are also being sold by Loro Piana from Bolivia and Argentina, so they certainly do have other sources already, but Peru should still have the bulk of world production. Still they should raise the price. While this video appears to place the blame solely on Loro Piana, it seems they glossed over the potentially corrupt government officials and middlemen who pocket allow the raw material price to get to this point. I’d wager they probably get kickbacks at the price of their countrymen’s livelihood

@BM_100 2 месяца назад

Peruvians are some of the nicest people I have ever met. There is no reason to have a middle man unless they can't ship or transform the product into the final form (clothes). If Peruvians can vertically integrate the business on their own and ship the product, they would make more money. The video just barely glossed over that part at the end though, about the "government implemented any policy to make that a reality"

@thenamesabc743 2 месяца назад

That's why people need to remember the damage that the richest of the rich create with every passing minute. We definitely don't need to dream of having such a lifestyle!!

@stefmarce22 2 месяца назад

All you talking about loro piana , well kuna or Michell group also sell products made of vicuna , guanaco quite well expensive .

@spooky.- Месяц назад

They also hold a monopoly on Vicuña wool. Come together and negotiate a better price. It’s not the job of some public company halfway around the world to worry about your well-being.

@maiastela 2 месяца назад

This needs to be seen by the Peruvian govt

@Armantomato Месяц назад

I suppose their government knows everything well and maybe even wears Lora Piano’s shoes

@Tzienzibarinzi Месяц назад

@@Armantomato Not the shoes, but see the pittiable way peruvian president tries these day to explain how she got 2 or more Rolex that she wears shameless in public. Shes an statal official and always been a public employee earning now ca. 5000 US. People in the government are so ignorant that I reckon they dont know Loro Piano, the sole thing they know is to steal and plunder.

@123ekap Месяц назад

How many of those vicuna product did loro piana sell at their full asking price?

@djchromeinkkingdom6890 2 месяца назад

El Chapo will give more $$ for them wool. Explore new markets.

@user-mk5qx8cj9y Месяц назад

Aquie está tu chapo .l.

@erickgomez7775 2 месяца назад

There are other fashion brands that also sell vicuña fiber garments, but for a fraction of the price LVHM charges. In reality people buy the brand, not the product.

@user-mk5qx8cj9y Месяц назад

En Perú mismo nos venden un saco de vicuña a us$ 10 000 y no es de LVHM

@CrystalRicotta 2 месяца назад

You do not have to sell your wool to them - find a new buyer.

@spazzypaddy 2 месяца назад

This is obscene

@user-fw2th6vq9t 29 дней назад

What this people don’t understand is that they could also use that cheap material and make there own garment.

@Tzienzibarinzi Месяц назад

That grouping technique is not a funnel, but a traditional chaku. Whereas vicuna cannot be "farmed" cause is a wild undomesticated species, unlike llama and alpaca.

@101yayo 2 месяца назад

I doubt the people who buy those even care about the exploitation, its highly likely they gained there wealth through other exploitation.

@dhirendrakumar276 Месяц назад

The concept that foreign companies will bring income and development for indigenous people falls flat as one can see. And that's why governments are required to step in with harsh/strict regulations, otherwise they will be looted as East India company looted India and many international firms continue to do so globally.

@mariealv4888 2 месяца назад

How sad, hungry luxury buyers should see this show.

@reginaerekson9139 2 месяца назад

10:18 I’m genetically mostly Peruvian - surprised! So I’m going to say keep your supply chain small at home. Young people are designers, weavers, pattern makers. Someone give grandma a nice cozy house for her arthritis - let her rest. Maybe a day spa retreat!

@alejandrocampos8290 2 месяца назад

POR QUE ABUSAN DE LOS MAS POBRES. 🤬 HASTA CUANDO SEGUIRÁ ESTO.

@JoshuaKing-ue4vc Месяц назад

De la Ignorancia... Es por eso la importancia del estudio ...

@user-mk5qx8cj9y Месяц назад

@@JoshuaKing-ue4vcno hay que ser científico para saber que es un robo. A veces compro de la marca peruana KUNA pero de baby alpaca y veo que un abrigo de vicuña cuesta us$ 10 mil. Creo se necesita inversión en este caso del estado y no me vengan que por ser empresa del estado va a arrojar pérdidas ya que el margen es gigantesco

@franconavarro4899 2 месяца назад

Why did you show this? Now the Chinese are gonna come to Peru and take Vicuña to china and profit from it in a mass scale. Like they did with seeds of native Peruvian produce a few years ago. You could see Chinese people in remote areas of Peru asking about the benefits of native products, and buying or getting their seeds. Why did they do this?

@davidarana791 2 месяца назад

Is a heavily protected species in Peru, as of last month they were only around 7 businesses allowed to use vicuña. But honestly who knows, you may be right cus the Loro Piana thing I’m very sure started because of the government and I can see them messing up again, and worse this time

@billinsf88 2 месяца назад

“Take” and not purchase?

@mnaqvi 2 месяца назад

Someone please send this to Ramit Sethi.

@sarahg6325 2 месяца назад

How can we do something?

@om-nj2hw 2 месяца назад

Bring awareness of the situation to a wider audience, write to that company etc

@t0kigh02t7 Месяц назад

It seems sad that they are not paid what they are worth but without the sales of this special wool these ppl would have nothing

@pac1fic055 2 месяца назад

Vicuñas are the wild ancestor of the alpaca.

@rullence2935 2 месяца назад

My gosh. So sad

@user-vp9kr5nn5x 2 месяца назад

Why cant they say no to LVMH

@allisonladd7365 2 месяца назад

the "community" is cheating the workers. yes, LVMH is paying to little, but, the community is cheating the workers. read the comments from Peruvians.

@patbroe9186 2 месяца назад

I blame Gstaad guy for the popularisation of vicuna fiber

@luiscader Месяц назад

Why you guys don't just raise the prices... you control the supply chain...

@g.m3399 2 месяца назад

They should increase the price of the animal wool

@paulamolinamallea642 Месяц назад

Y como aguantan tanta injusticia?!!!!! No le vendan a Loro Piana, hay otras empresas

@jeremymurphy7622 Месяц назад

It does bring up a disturbing thought, what else is LVMH up to?

@tengchuankhoo6585 2 месяца назад

Why don't US ban Loro Piana or LVMH

@jctai100 2 месяца назад

Because they're Italian and not Chinese

@SK-vg3mw 2 месяца назад

Because doing unethical business is not illegal.

@umar_choudhary_ 2 месяца назад

Welcome to so called Capitalism world

@Aiuto-vk5tq 2 месяца назад

Because it’s in the interest of the Americans. But you are right, we should ban LVMH and “business” like that, they only harm the world. We don’t need them.

@petepotr4078 2 месяца назад

Because it doesn’t affect national security.

@RockandBox Месяц назад

Boycott LVMH, it is time.

@johnmccain3877 Месяц назад

Can government step in and act as a mediator? Or this is because anywhere else from Loro Piana this wool costs nothing?

@Ikaros23 Месяц назад

They need education. Knowledge= power. Knowledge= skills ( to make products, brands, marketing) Knowledge= insight in the market Knowledge= insight in supply/demand Knowledge= insight in trade skills Knowledge= real life knowledge. Nobody gives you anything in this world if they don’t fight for it. Knowledge= the insight that « hard work» alone get’s you no where in this life without intelligent planning/organization Knowledge= realism. The global consumer is amoral and pay for quality, image. The suffering of the producers are forgotten after the trendy woke consumers has told their « virtue speech» at a fancy lunch. Pretending to be virtues. Knowledge: they need to adapt to reality, not fantasy. That is adapt to the gloabalised capitalistic world. This lifestyle will not survive. The world is a brutal place, even if they have lived this way for 10000 years, it could end tomorrow

@vidur82s Месяц назад

Biggest price is paid by the abused animals.

@CLB30ROX Месяц назад

This is utterly ridiculous! Disperse the profit where it belongs-with the WORKERS

@marinaperoides4315 4 дня назад

Wow

@userMB1 Месяц назад

The situation is awful for the community but the solution is simple. Piana can't go anywhere else. The government needs to step in and set a minimum price for the product. Rich people willing to pay $25000 for a coat will also be able to pay $30000. The misery of these people is unnecessary.

@LivingWithGout 2 месяца назад

It’s expensive because people are buying them.

@rantym35 Месяц назад

in Peru 1% of the population owns almost the 30% of the entire nation wealth

@rasimbot 2 месяца назад

Peruvian owners of these farms are rich

@riskyandriotobriyanto2085 2 месяца назад

Capitalism at it's best

@EK4B16A2 2 месяца назад

No, monopoly and lack of information at its best. The main issue here is that these communities are not organized; they do not process, transport, etc. They sell a super raw produce with low value.

@V21bh Месяц назад

This pisses me off to new heights. I will never buy Loro Piana again.

@MT-kr8cn Месяц назад

Deberian tener un hospital para los vicuñeros exclusivamente y un equipo médico con todo el equipo necesario para sus revisiones medicas de manera regular. Deberian tener un comedor comunal para ellos con un cocinero que les amntenga alimentados con una buena nutriciøn. I hope this message is being viewed by Loro Piana and the rest of the producers. This is totally UNFAIR

@chatdanslesbottes8212 Месяц назад

"Ball of Vampires" as V.Putin said

@vichofernandez1453 2 месяца назад

Then why dont they sell to someone else?

@phillipwong3754 2 месяца назад

Arnault didn't get rich ethnically. Why is this a surprise?

@tanyakotlyarova2328 2 месяца назад

government should be of help but most likely government has its own benefits from LVMH

@EnronnSierra Месяц назад

Who is buying a 30k winter coat though?

@rarevidz100 2 месяца назад

Capitalism at its best

@juanantoniojamancaherrera1909 2 месяца назад

Se llama capitalismo salvaje

@Jihada 2 месяца назад

is monopoly but also how many jackets they sell i mean how many people are buying those 30k jackets and how often...

@joblesstess Месяц назад

Shame on LVMH

@hndrwn Месяц назад

Buy less, wear longer, boycott bad brands. Save the money to lift others from poverty. Let love be our fashion statement, for the rich has enclosed the commons and flogged the working people to destitution.

@plasticbagprincess Месяц назад

This is shocking and absolutely disgusting. Thought it was bad enough Putin seems to be a cover model for the brand but this adds to how dirty this company is. LVMH-shame on you, not cool.

@fernandoorihuela1608 2 месяца назад

Argument for LVMH is that they have been the ones to bring this fiber to life. They take this fiber to their textile experts who bring it to life in fabric. Many many designers would like access to this but can’t as there is no other manufacturer to have this in fabric. They’ll have much better luck having selling it by fabric

@SFVYachtClub 2 месяца назад

I visited Peru. Their mineral wealth is substantial, and have everything needed for an all-sector economic boom. However, the constant, desperate low-trust nonsense and general Latin spirit of irresponsibility is like a lead weight around the ankle of someone treading water. Also, the Peruvian urbanite is amazingly lonely, even compared to the US or China.

@kristensorensen2219 2 месяца назад

This kind of activity is not capitalism. No monopoly may exist in capitalism because it destroys competition which is a foundation of capitalism!! This monopoly can be stopped by refusing to sell the raw material at artificially low prices.

@TalEdds 2 месяца назад

Refusing to sell means poverty and destitution, this is late-stage capitalism, where the means of production are not given their fair due.

@petepotr4078 2 месяца назад

They are managing the extraction of the resource, as private enterprise. The failure is not rapidly respond to market changes. They need more market and technical knowledge to increase the value of their fiber. Market solutions are need it.

@petepotr4078 2 месяца назад

@@TalEddsfancy words be careful, neomarxist ideas only create poverty

@ikb7375 2 месяца назад

True luxury can never be created by exploitation. Typical Bernard Arnault

@olafvonbraun7300 18 дней назад

Raise the price of your product due to sacristy and uniqueness and LVMH will have to comply. Or what? They will make a $33k polyester coat?😜 nah. You have the upper hand still- they need you more. So raise the price.

@marcosolegariobaezlopez6615 Месяц назад

El compatriota es el peor explotador.

@KarolinaPalac Месяц назад

What a horrible brand

@felipe.bonatto 24 дня назад

They should ban this.

@swiftsidewinder Месяц назад

Let's just call it what it is: economic colonialism. And this is just one small part of the whole capitalistic infrastucture of the economy. Think about it: "capitalism" to capitalize on others