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Burberry has been burning millions of pounds worth of stock in order to stop it getting into the wrong hands, reports say The luxury label, famous for its trench coats and handbags , has destroyed more than £28 million of unwanted products in the last 12 months and over 90 million worth of stock in past 5years!
It is said to be a common practice in the world of high end retail.The brands justify the act in the name of prevention of illegal counterfeit (production of goods without company authorization from the leftovers )According to The Times, it is common for designer brands to destroy unwanted stock in order to stop them being sold at discount prices.Burberry admitted that unwanted stock had been burnt but said that they used specialist incinerators that harness energy from the process.
The company told the newspaper it takes the issue of waste “extremely seriously”. News source : https://www.standard.co.uk/news/world/burberry-burning-stock-worth-millions-to-stop-it-getting-into-the-wrong-hands-a3890851.html