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While it is not sold at cost, you might say you could trust ferrari in using high quality material and paying workers a liveable wage, while fashion brands that
by amarcheschi 2y ago
While it is not sold at cost, you might say you could trust ferrari in using high quality material and paying workers a liveable wage, while fashion brands that don't do all of this might have absurd markups such as 10x/20x [1] while clothing industry markups are about 2/2.5 [2]
[1]https://www.cbsnews.com/news/what-would-a-luxury-handbag-cost-without-the-markup/ https://www.cbsnews.com/news/what-would-a-luxury-handbag-cos...
[2] https://www.vogue.com/article/what-is-the-right-price-for-fashion https://www.vogue.com/article/what-is-the-right-price-for-fa...