The Brutal Cost of Quiet Luxury

Description

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. -------- Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1 Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginals Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it. Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world. Visit our partner channel Bloomberg Quicktake for global news and insight in an instant.