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Why luxury brands destroy stocks worth millions of dollars

Updated : August 31, 2018 07:25 PM IST

Burberry, LVMH and Richemont admitted to having burnt or dismantled their excess stocks
They spark a controversy at a time when the fashion and luxury industries are exploring issues of environment destruction and excess consumption
Brands such as Stella McCartney, Burberry and Richemont explore working with a British NGO to adopt circular economy model to curtain wastage
Why luxury brands destroy stocks worth millions of dollars

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