LogFAQs > #905387041

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Topicluxury brands burn millions worth of clothing so the "wrong" people
hollow_shrine
07/19/18 10:04:57 PM
#47:


yoshifan1 posted...
Goes to show how much of a markup they are selling it at if they can just destroy that much stock and still make a profit. Proof that designer brands are not worth the money.

Kind of. Again, what they're proving is that things are worth whatever people are willing to pay for them. Essentially, through clever control of supply they can create a demand willing to pay whatever they ask.

It's more accurate to say designer brands are considerably less valuable for people locked out of these loops and communities.
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