Anonymous wrote:Those designer handbags are made by Chinese laborers imported into Italian sweatshops so they can have a "Made in Italy" label.
https://www.wsj.com/business/retail/dior-armani-italy-supply-chain-labor-36b14a85
A series of raids in Italy has exposed the contrast between the glamorous world of Milan’s catwalks and some of the realities of luxury-goods production.
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.