According to Antoine Arnault, CEO of Loro Piana: "Luxury products are sustainable by nature."
Hmmm. What do we think of that, then?
Just because it's expensive doesn't make it ethical.
In case you are not across these names, Arnault is a member of the LVMH dynasty (his dad, Bernard, is one of the 10th richest people on the planet) and Loro Piana is a posh Italian knitwear brand known for its cashmere and $500 baseball hats. But they’ve been in the news of late for rather less glamorous reasons, including sweatshop conditions in supplier factories in Italy.
On this week’s pod, Clare sits down with Jasmin Malik Chua, Sourcing Journal’s Environment and Labor Editor, to unpack just how that can happen, and whether it’s really true that you get what you pay for in high fashion.
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