Fashion is a fickle business. It is also a very wasteful one, at least according to Burberry’s Fashion latest accounts.
The upmarket label has destroyed more than £28 million of unwanted products over the past year. Even at its notoriously high prices, that is the equivalent of more than 20,000 of its signature trench coats.
The company’s ability to read the fashion runes also appears to be worsening, with the value of its waste up 50 per cent in two years and almost six times greater than in 2013. More than £90 million of Burberry products have been destroyed over the past five years.
Source: Relevant Magazine