I just posted this on the Coach thread, but this is relevant to this discussion, as well. These "Made in Italy" bags are made at Italian sweatshops by imported Chinese laborers for a fraction of what the retailers charge. You're just paying for a label. Next time take your bag to your local repair shop.
https://www.wsj.com/business/retail/dior-armani-italy-supply-chain-labor-36b14a85
An investigation by Milan prosecutors into working conditions at local factories found workshops making handbags and other leather goods for Dior CDI 0.53%increase; green up pointing triangle and Armani used exploited foreign labor to produce the high-end products at a fraction of their retail price.
Dior paid a supplier €53 apiece, roughly $57, to assemble a handbag that it sells in stores for €2,600, or about $2,780, according to documents examined as part of the probe. Armani bags, meanwhile, were sold to a supplier for €93, then resold to Armani for €250, and ultimately priced at around €1,800 in stores, the probe found. The cost prices don’t include leather or other raw materials. The companies separately cover the costs of design, distribution and marketing.
Some of the raided workshops, all of which were in Italy, were also making products for other fashion brands, prosecutors said.
https://global.chinadaily.com.cn/a/202312/29/WS658e25caa31040ac301aa175_5.html
For more than two decades, Chinese fast fashion factories in Prato have been operating, initially to cater to the lower end of the Italian fashion market and provide affordable clothing to the masses across Europe. However, some Chinese factories are now breaking into the high-end market, manufacturing for the houses of Gucci, Armani, and Prada.