Burberry Investors Question Destruction of $38 Million in Goods
A window display at a Burberry store in London.
Photographer: Simon Dawson/Bloomberg
After designing, manufacturing, marketing and sending their fashions down the runway, the last thing luxury companies want to think about is destroying them. Some Burberry Group Plc shareholders aren’t too happy about the practice, either.
The London-based trench-coat maker physically destroyed finished products worth 28.6 million pounds ($38 million) in 2018, according to the company’s latest annual report. This figure has steadily increased from 26.9 million pounds in 2017 and 18.8 million pounds in 2016.