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Luxury Handbags Christian Dior Owned by LVMH Sold for $2,780 at 49 Times of Production Cost of $57, Armani Bags Sold for $1,900 at 19 Times of Production Cost of $99, Production Costs Discovered by Italy Police During Raids of 3rd-Party Suppliers on Poor Work Conditions for Workers, Workers Slept in Sleeping Bags & Have No Breaks, Most Workers are Illegal China Workers, Safety Devices During Production Not Being Used to Speed Up Production & for Cost Cutting, Italy Milan Judiciary Placed Christian Dior & Armani Under Judicial Administration for 1 Year, LVMH Market Value at $378 Billion, Christian Dior Market Value at $125 Billion, Armani is Privately Held with Reported Valuation of $7 Billion to $10 Billion
11th July 2024 | Hong Kong
Luxury handbags Christian Dior (owned by LVMH) are being sold for $2,780 at 49 times of production cost of $57, and Armani bags are being sold for $1,900 at 19 times of production cost of $99. The production costs were discovered by Italy police during the raids of 3rd-party suppliers on poor work conditions for workers, with workers sleeping in sleeping bags & have no breaks, most workers are illegal China workers, and safety devices during production are not being used to speed up production & for cost cutting. Italy Milan judiciary has placed Christian Dior & Armani under judicial administration for 1 year. LVMH market value is currently at $378 billion, Christian Dior market value at $125 billion, and Armani (privately held) with reported valuation of $7 billion to $10 billion.
“ Luxury Handbags Christian Dior Owned by LVMH Sold for $2,780 at 49 Times of Production Cost of $57, Armani Bags Sold for $1,900 at 19 Times of Production Cost of $99, Production Costs Discovered by Italy Police During Raids of 3rd-Party Suppliers on Poor Work Conditions for Workers, Workers Slept in Sleeping Bags & Have No Breaks, Most Workers are Illegal China Workers, Safety Devices During Production Not Being Used to Speed Up Production & for Cost Cutting, Italy Milan Judiciary Placed Christian Dior & Armani Under Judicial Administration for 1 Year, LVMH Market Value at $378 Billion, Christian Dior Market Value at $125 Billion, Armani is Privately Held with Reported Valuation of $7 Billion to $10 Billion “
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Luxury Handbags Christian Dior Owned by LVMH Sold for $2,780 at 49 Times of Production Cost of $57, Armani Bags Sold for $1,900 at 19 Times of Production Cost of $99, Production Costs Discovered by Italy Police During Raids of 3rd-Party Suppliers on Poor Work Conditions for Workers, Workers Slept in Sleeping Bags & Have No Breaks, Most Workers are Illegal China Workers, Safety Devices During Production Not Being Used to Speed Up Production & for Cost Cutting, Italy Milan Judiciary Placed Christian Dior & Armani Under Judicial Administration for 1 Year, LVMH Market Value at $378 Billion, Christian Dior Market Value at $125 Billion, Armani is Privately Held with Reported Valuation of $7 Billion to $10 Billion
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