Why does louis vuitton burn unsold bags

Industry insiders say that before destroying their discontinued bags, LV organizes a sale for its employees. It's also said that LV does this so that everyone pays the same price for their bags! The thing about luxury is that not everyone can afford it. But did you know that every year, Louis Vuitton burns all its unsold bags? Quite difficult to believe it, isn't it?

Brand new condition. Category 21st Century and Contemporary Pouches and Wristlets. New condition. Never used. Rare collector's piece. Can fit a phone and a few more things. Add to your limited LV collection. Guaranteed a Louis Vuitton limited edition Murakami cotton flower pattern small scarf. Comes with care tag.

Category 21st Century and Contemporary Scarves. Cool design and cotton jersey material on suitcase. Excellent like new condition. Viewed 75k times. It first ran across the notion with this meme Every year Louis Vuitton burns all their unsold bags A google search yields lots of results but none of them seems credible. Snopes yields nothing. Any credible info? Improve this question. Sklivvz A product where your entire value comes from the few letters stitched or printed on the front of the bag in a notoriously time-sensitive and fickle industry that is rife with counterfeiting, they will do whatever they can to make sure that last years genuine models don't end up on the counterfeit market.

Why doubt that the unsold bags are burned, shredded or somehow disposed of? What else should they do with their excess production? Anything but destroy it. It won't go bad. Don't get me wrong, I don't endorse their actions, but the claim does sound plausible to me.

I would like to see it confirmed though. Show 17 more comments. Active Oldest Votes. I honestly don't see why LV could not sell all their production. Improve this answer. SQB 3, 2 2 gold badges 20 20 silver badges 47 47 bronze badges. As for damaged merchandise, I can tell you from experience that Mulberry Equally high value, but lesser known British brand have a whole section of their factory dedicated to repairing damaged leather goods.

Makes more sense to repair leather goods than phones though. The latter's components can be more easily recycled in small pieces. Melted down, chopped up or some such. Like "all elephants in my bedroom are red" is true, because there are none. Not the kind of logic people use I'll go away now Maybe the term "overpriced" is technically wrong, especially if you think that HYPE is never overpriced This answer appears to be anecdotal.

Closing early does not mean they sell out of everything--merely the popular items. It could also be artificial hype. The supply of luxury items is often artificially constrained to create the illusion of scarcity. LV is capable of making unlimited bags--whether they destroy their merchandise or not, they carefully control the supply to avoid saturating the market.