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This severe cost-cutting in production allowed Dior to sell the bags with gilded price tags of over $1,000 and maintain a high-profit margin. ALSO READ: Louis Vuitton and Dior Are Still Wardrobe ...
Jul 4, 2024 · The Wall Street Journal reported that Dior pays its suppliers just 53 euros (Rs 4,778) per handbag, which are then sold in stores for 2,600 euros (Rs 2.34 lakh). In comparison, Armani's handbags are purchased from suppliers for 93 euros (Rs 8,385), resold to the brand for 250 euros (Rs 22,540), and ultimately priced around 1,800 euros (Rs 1.62 lakh) in stores.
Jul 9, 2024 · Christian Dior struck gold when it found a supplier willing to assemble a €2,600 handbag, equivalent to around $2,816, for just €53 a piece—or did it? Cleaning up the reputational damage may ...
Jul 3, 2024 · The Italian police raided some of LVMH's Dior suppliers that make luxury handbags. Italian prosecutors found Dior paid $57 to produce bags retailing for $2,780.
Jul 4, 2024 · The Wall Street Journal (WSJ) reported that Dior pays a mere 53 euros (Rs 4,778) per handbag to its suppliers, which it then sells in stores for 2,600 euros (Rs 2.34 lakh).
Jun 24, 2024 · These unethical practices allowed one manufacturer to supply a “Made in Italy” Dior-branded handbag (Dior model coded PO212YKY) for $57 (€53) that Dior then sold on for about $2,800...
Jul 4, 2024 · However, a report by The Wall Street Journal (WSJ) revealed that Dior pays only about Rs 4,778 per handbag to its suppliers. An investigation by Italian prosecutors in Milan uncovered that Dior and another Italian luxury brand, Giorgio Armani, pay a small amount to produce these handbags, which retail for thousands of dollars.
