What designer brands don't want you to know 🤫👀

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Here’s a fact for you, did you know Louis Vuitton burns any extra products they have, which leads to $40 million in losses? It sounds outrageous but there’s a great reason why they do it.

This process is part of their strategy. The brand doesn’t care about the money lost, instead, the most important factor to them is keeping their reputation up. By burning excess products they make sure that they don’t have to sell their items for cheaper, lowering their value as a luxury brand. 📈

An important benefit of burning the goods is to also reduce the amount of the item in circulation which makes counterfeits harder to make. And if you’re upset, Louis Vuitton isn’t the only brand that does this, every other luxury brand does it too.

Let me know your thoughts in the comments!

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I am not a financial advisor, this video, the topics discussed, and the ideas presented are opinions and presented for entertainment purposes only. I urge everyone to do their own research before participating in anything that requires time/money. Proceed at your own risk. Always do your own due diligence. This description may contain links from my affiliates, sponsors, and partners. If you use these products, I will get compensated - but there's no additional cost to you.