Watch Inside Peru’s Secret Luxury Supply Chain [Video]

Paying $34,000 for a winter coat may seem outrageous, but the hair of wild camelids in the Andes mountains of Peru can fetch such prices. Fashion house Loro Piana sells a sweater for $9,000 with vicuna hair collected by members of the indigenous Lucanas community. But despite their contribution, the community receives less than $300. As the top global buyer of vicuna fiber, LVMH-owned Loro Piana’s secretive supply chain highlights the use of cheap labor among Peru’s least fortunate to make some of the most expensive clothing in the world. (Source: Bloomberg)

March 13th, 2024, 9:00 PM GMT+0000