Dior's $2800 Bag Costs Just $57 to Make! | Vantage with Palki Sharma

Dior's $2800 Bag Costs Just $57 to Make! | Vantage with Palki Sharma
Recent investigations have revealed that two of Italy's most prominent luxury fashion houses, Dior and Giorgio Armani, pay a surprisingly low amount to produce handbags that retail for thousands of dollars. Documents examined by the authorities show that Dior paid a supplier only $57 to make bags that sell for about $2,780. So, what explains this stupendous price markup? Are you paying for quality handbags or are you paying for the brand? Palki Sharma answers the questions.
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Handbags | Luxury | Dior | Giorgio Armani | Firstpost | World News | News Live | Vantage | Palki Sharma | News
#dior #handbags #probe #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories - making Vantage a destination for thought-provoking ideas.
Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.
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[@Firstpost]

​​Firstpost is now 5 million+ strong! Thank you for your trust, dear viewers!

[@Hiyum.]

Congratulations 🎉 especially Palki Ma'am.

[@avanarichierich8281]

Cos of Palki Sharma !!!

[@rameshperera5250]

I appreciate that u bring all these news items to us in a manner which even a person who's not so educated about the subject could understand it...

[@goldsilver545]

Thanks for the news dear, love you 🌹

[@yooneunhyesarang9245]

Congratulation Firstpost! Keep bringing the news without prejudice!

[@changboni]

People who buy these products have more money than sense.

[@jameskringlee8974]

My great uncle Albert was was partial to the use of the word "foolishness" when he observed "modern" behaviors. I use the "more dollars than sense" as a characterization of some people.

[@anitaiyer4069]

So correct

[@snowywinter9]

They may have neither.

[@coolingouthvac7186]

Not all of them

[@LadyAndanaZerva]

Excuse me? 😡 This comment is very insulting! There is no need to be rude.

[@FaisalIbnKawsarSohail]

They are NOT SELLING the product, but selling an IMAGINARY BRAND to STUPID RICH BUYERS...😂

[@teddymoon3744]

they are selling a the room in a person compensating for a lack of confidence.

[@blackmantravel6954]

The majority of people who buy their product. Are the middle class. Most people want to look rich.

[@thomaskim3128]

Rich people don’t buy them. The people who want to be perceived as rich buy them. This completes the circle: The poor looks rich while making the rich richer. 😂

[@kshazad86]

No to rich buyers, but rather wannabe rich people

[@rahulvig5298]

Absolutely ​@@thomaskim3128

[@eshraqsalahuddin115]

I think same applies to Gucci, Chanel, Louis Vuitton and every luxury brand, we are just paying for the brand not the actual product itself.

[@insanhina9255]

Of course, i own a Chanel lipstick and guess what ?? My lips still looks the same ...

[@user-tz4ln3jj7w]

I read about Bulgari opening a hotel in Rome where each suite costs $38,000 per night. The interesting thing is that the rooms and furniture look very ordinary. I think people who are out of touch with reality assume that $38,000 is a bargain!

[@mocheen4837]

Is a Ferrari really $250,000 better than a Toyota Prius? It probably only costs $50,000 to make a Ferrari.

[@Goldenbirdchirp]

We? Nah bruh! I ain't paying for nothing. I'd rather invest in gold

[@MrSupernova111]

@@mocheen4837 . Very different concept.

[@t.i.3416]

$50 for the materials and labor and $2743 for the brand/logo.

[@ninersnation3298]

the brand/logo ain't free?!!

[@Bob_Sunday]

Exactly 😂😂😂😂😂😂😂

[@rightangletriangle3188]

Great for the brand sellers, very bad deal for the buyers.

[@RichGems]

Yup, to establish brand is not easy. That company not just simply selling bags but a status symbol.

[@JJV77873]

🤑🤡🤮

[@pawanraj8248]

I don't own anything luxury and I won't even buy even if I can

[@deepasampathkumar]

Same here. Branded only if its quality in comparison is high. Not to show I can afford it

[@doreenbalwantsingh2363]

Some women like to compete with other women in their friend circle.. I was working as a Home Health Aid..and was surprised to see my patient with a whole closet of brand name handbags and shoes. I can't understand the need for that..only to sit in the closet...

[@EA-dweller]

I pay a fair amount for shoes especially the ones I workout and play basketball with. I can own 2 nice watches, perfume and the rest I prefer wearing secondhand clothes and support local brands. I’m from Rwanda and ever since the government overtaxed western secondhand clothes, many local brands started appearing. Some are luxurious and some are affordable for everyone. Plus they have unique designs.

[@kirank4623]

@@doreenbalwantsingh2363 wemen...whats the point of you apart from reproducing? Always swindling the hard earned mens and family savings just to show off to fellow peers and relatives how well off they live. Wemen and sane are miles apart

[@darshitkoladiya]

​@@EA-dwellerOhhh brother you are in for a surprise about perfumes too. It literally costs less than 10 usd to produce a perfume which they sell you for 200.

[@karttar341]

The world is crumbling because of greed.

[@Lior__]

People that waste money like this are like brothers to the devil’s , they only worship the money

[@RIGHTEOUSNESSPU]

It’s been that way they just can’t hide it anymore BECAUSE of that Greed .. don’t vote the democrats

[@nber1954]

Soo true. Greed is second nature of human kind. It will be the end of us

[@emsscha777]

I'm satisfied with eco bag , and no brand name bag. Living a minimalist life is the best ever. Less is more

[@alternateaccount4868]

What is an ego bag

[@sunnygarden4948]

Ppl like you are marketed by them as losers

[@harjeetsinghbrar6987]

​@@alternateaccount4868 eco* bag A bag that is economical to purchase and eco friendly at the same time.

[@emsscha777]

@alternateaccount4868 " ECO BAG" a cheap bag the material is out of textile , invironment friendly and washable

[@bebanunez175]

Agreed! Same bag without the logo 90% off!

[@isoryte201]

That's why I don't buy Branded items; I buy things that fulfill the intrinsic need, not for optics and validation.

[@thesloth2446]

Very true

[@jatinshilen]

Preach it!

[@nyakwarObat]

😆😆 optics.

[@Mb-eo6bg]

Small income mindset. My 10k Hermes bag sells for $30k even after use. That’s $20k profit. Cheap bags don’t do that.

[@isoryte201]

@@Mb-eo6bg Big income mindset always checking up on Facebook marketplace to buy and to sell. Tell me you saw $30k Hermes bag for $10k on Facebook marketplace and waiting to sell off your entire furniture to pay for it. Low self-esteem. I don't need vanities to announce my presence anywhere ok. My personality does.

[@PKSD2019]

My sister buys such bags...more than the fear of losing money...she fears losing the bag!! Reason - madness. Show off. Lower self esteem and self assurance. To feel equal to the ppl who are above them in social status. To let others know how well off she is...and what a great lifestyle she has. She regrets now...after layoff. Dont waste money. Its not just notes. Its ur time, hardwork, effort and skill. Respect them.

[@sanjanasamprada]

Most buyers know that big brands make a lot of profit. But the key point is that these buyers aren't just looking for quality. They buy expensive items to show off how much they can spend and to look important in society. That's why many people who buy luxury items aren't really rich; they just want to seem like they are.

[@maninscrubdallas8694]

This isn’t new. If you don’t want it don’t buy it. Workers’ pay, shipping, advertising, retail space costs, shareholders, & yes, quality is always top notch. And more that make such goods cost more. Don’t listen to this new report. Try going into business. Don’t forget taxes from governments.

[@GarudAtma]

These brands targets poor. They show a false image to the poors that rich uses them. The poor who never saw rich falls for that and buy cheap products at expensive prices

[@ss-db8ie]

She can still sell those backs and redeem

[@kevinsam9278]

@@maninscrubdallas8694 > quality is always top notch. quality that you can get with 57 dollars, not more

[@Vishakha_B897]

We all need to buy things that are locally manufactured.

[@sariat2307]

These were locally manufactured in Italy, so it's local for Italians.

[@nrusimha11]

@@sariat2307 We all need to buy things that are locally manufactured and and sell things that are locally manufactured.

[@dhairya.thakur]

U haven't watched whole video​ ?@@sariat2307

[@nyakwarObat]

China is your good friend. You know you still need him regardless 😁🫢🙄

[@buddyone1884]

@@sariat2307so let them but it

[@lg206]

I am not sure how this comes as a surprise. YSL, Dior and Chanel have been making H&M level quality products for years now.

[@nber1954]

Lol so true. But they will tell you that its false because you have no proof! Here isTje truth!!!

[@reggaeunderground2106]

Why is it that when Palki Sharma says that the news is unfiltered and unvarnished i believe her? I think her reputation for great journalism speaks for itself

[@BobbeeSingh]

She also buys name brand handbags that she is criticizing

[@fauxpaxit8274]

Talk about the new criminal laws baby.

[@b3drasse885]

Luxury is scam

[@FahadAbubakari]

For sure

[@kirank4623]

And who buys them? Wemennn ! Who's deceived? Wemenn !

[@Munni33]

​@@kirank4623 like men don't buy nike, apple or other over rated brands

[@kirank4623]

@@Munni33 we buy them coz we can afford to do so. Plus what is the use of just flaunting off your makeups accessories clothes and bags..... Which has no use in real life. Atleast we buy something to make use of those. Plus you buy only to show off. Even if it is to put your struggling family down, your dad suffering to make ends meet, and all u care about is some jewels and dresses to make u feel cute and attention seeking. There has been no real use of wemen except reproduction.

[@kirank4623]

@@Munni33 majority of wemen buy expensive crap even with a low status income than majority of men. All that matters to majority of us is living a simple life with less drama and more peace. I cant imagine being born an emotional dumb and stupid being such as wemen. All you know to do is play act whine and flaunt what god gave u as a sex symbol

[@PrajolDongol]

Same is true in carpet industry. Handmade Rugs in US are sold at too high prices while they forced poor countries like Nepal and India to sell at very low prices making weavers poor for whole life.

[@Sunj7]

Who is stopping you from building a brand? Its hard work that someone else is doing!

[@kanank13]

iphones,ipads are just the same.

[@user-vm8ow6ws7e]

​@@Sunj7if they sell make a brand do you think people will buy them? People mostly pay for the brand that are well known

[@Daddy_Of_Haruwu]

U r misunderstanding hardwork with exploitation ​@@Sunj7

[@Sunj7]

@@user-vm8ow6ws7e to my knowledge only one Indian company has atleast tried to build a brand for hand bags and that is hi design. They have stores in malls. Hardly any competition for them.

[@nikkinfl]

I have a masters degree in Digital Marketing and this is exactly what we studied. It doesn't matter what the product is. If you can get the consumer to relate to it and for the image to be expensive and premium, then the customer will pay for. I laugh when I see people who can't afford these products buying them because it's all designed to be a head game and they don't even know it. If you can afford it fine and if you can't afford these products, but you still have to have the look, just buy the "fakes".

[@santoshsivaramkrish]

UR writing is Good and to the point, But I Dont Think This newsChannel is morally Right in Damaging Big Brands and Their Trade Secrets which includes Digital marketing Strategies, Let Brands make and market Anything!, Let Those with money and Desire Purchase Them!, This is Just Pure Business!, :-) IF They Are Killing Live Animals For Their Skin and Leather, Then That is an issue to be Dealt with By Nature Lovers,

[@bebanunez175]

Agree with U! I buy knock offs in leather actually better quality for 90% off!😂😂😂

[@Yuvika-uf3fc]

Which institute u did digital marketing

[@Archchill]

i don’t think the consumer is as stupid as you think. the majority probably know in the back of their mind what’s going on and understand this “head game” you speak of, but they just go with their emotions because at the end of the day as long as it makes them feel better about themselves that’s all that matters.

[@sheg2291]

i dont buy fakes...just gives the impression that u're trying too hard..i rather buy brandless but with nice materials..

[@karthickraj]

Same happening with Apple too, average products being sold at mindboggling prices due to brand value

[@kirank4623]

No sane men buy's luxury product to look cool or pricey. Its always one word. Wemennn !

[@insanhina9255]

​@@kirank4623not true. There are lots of cheap women nowadays. My friend just treat a french fries to sleep with woman

[@kirank4623]

@@insanhina9255 @vi950 most men they buy it coz they can afford it. They don't do it when their family is pulling strings. When their dad is struggling to make a living and all wemen need is a lifestyle comodity to show off to fellow peers. Even after marriage, to relatives and friends how well off they have swindled their husband's hard earned cash. Wemen. What other use of y'all apart from reproducing?

[@kirank4623]

@@insanhina9255 with no skills to feed their single mommy lives what's the point of you wemen trying to swindle the mens cash

[@-bigChungusVerified]

Apple is different. It’s a premium brand.. super good products but yes you have to pay the Apple tax

[@kanank13]

yeah, ok. But they pay millions and millions to Nicole Kidman, RIhanna. These brands would sell more of these bags if these bags were priced even 100 times more than the current price. The point of this is that rich people want to buy things that most others can't afford to make a point that they own unique items.

[@kirank4623]

No sane men buy luxury products to look cool or pricey. Its always one word. Wemennn !

[@user-ni1ou3op2w]

​@@kirank4623 women and Nigerian men lol😂

[@kirank4623]

@@user-ni1ou3op2w u mean majorly wemen....atleasy only a minority of men do that...but not these selfish wemen who wanna swindle spouse and family hard earned savings to fuel their extravagant lives to the peer and relatives. Wemen what's the point of you apart from reproducing?

[@Goldenbirdchirp]

Those are American rich or new money. Most rich people don't care for brands or prices....they are cleverer they are, the simpler they look.

[@alyahamzah1952]

It's not really that unique when everyone and their mum are toting an LV, a Gucci ect. People think they are unique but in actual fact look like everyone else because everyone takes 'inspiration' that they copy from social media and advertisements. Luxury brands are no longer luxurious because they actually target the middle class folks who pay a few months salary worth of money for a bag.

[@boswadavid8287]

Emptiness and a big hole in the soul that needs to be filled with stuff...

[@Martin_Priesthood]

👌💯

[@Lakshyakapila]

U nailed it 🎉

[@Yougotthis1212]

😂I think not, many people have more money than they know what to do with it

[@boswadavid8287]

@Yougotthis1212 that's precisely the problem. 3/4 of the world barely has enough, so how can anyone in all seriousness not know a more useful way to deal with any surplus?

[@hihoo7969]

Well said!!

[@olgahein4384]

Oh surprise. Prada is selling a crochet bucket hat for 720€ that has a material cost of 5€ and which i can crochet in 6 hours.

[@natslawrence]

Dior has to pay for runway shows, Models,workers, offices, warehouse Store rents,airplane fares, and other That and they have to make profits.

[@liyenong2017]

And all these people get paid more but no safe working conditions and fair wage for sweatshop workers who actually made the bags to sell? I think even some Asians assume the cost of designer bags is due to Europeans sewing the bags but no lol

[@CUMBICA1970]

I remember seeing this on Bloomberg at least 20 years ago. Illegal Chinese workers working in sweatshops in Milano for fashion brands. Some 5000 at that time. And only now authorities are taking some action?

[@rahulvig5298]

Authorities can't take any action on the price though. It's a private company. They can charge as much as they desire.

[@DK-ev9dg]

India still has illegal and bonded labour by tens of millions.

[@Spoon89803]

@@rahulvig5298 there are many ways the government could discourage such a practice, by raising taxes to reflect their exorbitant earnings, by getting sanctioned by the SEC if its a listed company, publicizing the exploitative practices of the company to discourage investor sentiment, or hitting them with fines due to their blatant contravention of labor laws, sanitary laws, human rights, and the hosting of illegal immigrants.

[@dao8805]

And to think these same luxury brands pushed for the prosecution of people selling knock-offs. Actually I am surprised the Italian police investigated this. I don't think that would happen in the U.S. where everything is controlled by corporations.

[@bikashdas3146]

@@rahulvig5298 tax 60% on such brands..

[@FredMeyer-no3ji]

Excellent video as always but here is my problem I have been making losses trying to make profit trading. I thought trading demo account is just like trading the real market... can anyone help me out or at least advise me on what to do

[@NewtonBrown-d3w]

Most people think, investing in crypto is all about buying coins and leaving it to rise, come on it takes much analysis to be a successful crypto trader.

[@OliverSamuelL-i2i]

Trading is easy, but trading the right coin without a time-tested strategy is incredibly hard.

[@JacksonRathbone-f6p]

My advice, never do shorts or longs on stocks or #crypto most people went bankrupt better buying in parts monthly

[@KevinWinter-c2t]

You're right! I have lost a lot trading all by myself without a guide. It's been an uneasy ride for me. Who is your mentor please. how can i reach her i really need help in this bear market now?

[@AmoraJustin]

How can someone know a professional broker when legit once are hard to find this days

[@GallahamJoyJohn]

I love the grounded reality of this channel!!! Retirement took a toll on my finances, but with my involvement in the digital market, $15,000 weekly returns has been life changing. AWESOME GOD ❤️

[@TheodoreLucasSebastian]

I feel sympathy and empathy for our country, low income earners are suffering to survive, and I appreciate Marc Andreessen. You've helped my family with your advice. imagine investing $30,000 and receiving $95,460 after 28 days of trading.

[@AndrewRobertJacob]

I'm in a similar situation where should I look to increase income? Do you have any advice? What did you do ? Thank you

[@EmmaCharlotteAnthony]

Well I engage in nice side hustles like inves'ting, and the good thing is I do it with one one of the best(Marc Andreessen), he's really good!

[@RafaelFelipeJoaquin]

Did someone just mention Mr Marc!? Damn! You just made my day; what a coincidence.. I've worked with him for over 2years and I can tell how good he is

[@DianaErbinJinen]

No doubts, this Marc Andreessen must be an icon; how good is he and how safe is "profit making" with him.?

[@pramodjoseph6107]

The same with INDIAN billionaires who own luxury homes, chopper... hardly pay to their workers in the middle East ..

[@desmasic]

Indian billionaires? Western billionaires have been doing it for ages. Middle-east is filled with cheap Indian labor being abused and even killed on the streets by Muslims, but it doesn't make the news because it wasn't some Indian billionaire doing it.

[@yamamancha]

Don't be shocked but people buying these products most likely are aware and don't care. As the video notes at the end, they quite literally choose to pay for the experience of the "fancy stores". This is even more so today than ever before as a safe, inviting shopping experience becomes harder to find. Also, the second-hand market for luxury goods is thriving, so selling is always an option.

[@soniyasinha3496]

it is a no to each question.Mostly it is brand, the materials may be of a better quality but still not worth the tag IMHO. Prefer the handmade bags made of natural materials direct from the artisan

[@GovernmentCustody]

I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.

[@Babu-k6f]

As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.

[@Luk-ou5tr]

Yes! I'm celebrating £32K stock portfolio today... Started this journey with £3K.... I've invested no time and also with the right terms, now I have time for my family an…

[@Morris-rx3sp]

when someone is straight forward and good at what she does best. People will always speak for them. For me I can would say give Mrs Sonia Duke of finance education a try and you be happy you did

[@akjajsm]

Started with 5,000$ and Withdrew profits 89,000$

[@Vicent5]

I'm glad to write her tay I do hope she will help handle my paycheck properly☺️☺️☺️ Can I start with as low as $1,000?

[@beautywithlila]

I owed a few luxuries brand. And I will tell you what, none of them is worth the price when it comes to quality. I owe one LV that the zipper is so hard to open and close, worse than $5 dollars bag.

[@knowthyself1729]

This is outrageous. I feel so stupid for falling for exclusive labels. More than stupid, I feel guilty for playing a part in these immoral practices. No More! Thank Sharma for this video. And, Welcome Back. You were missed.

[@universe25.x]

There are plenty of great quality brands on the market for a good reasonable prices too. No more support to the greediness.

[@Sunj7]

This has been known for a very long time and yet the carousel never stops! I bet i will see this news report again 20 years from now.

[@Edwinsk43453]

This is called business.

[@dheerajsharma9525]

Woww...We are now talking on such Topics 😂😂😂😂 THE WORLD HAS STARTED MAKING SENSE 👍👍

[@silentstormstudio4782]

2743$ for branding, as stupid concept as modern art , they could have used that to make homless rehab centers

[@prashanthsubburam1605]

Rehab for addicts as if that has worked well. You can’t for someone not to make stupid choices like taking drugs

[@cnccarving]

the cost actually including that half of them or more being stolen from stores some """shoppers"" grabbing them by dozens and run

[@pb.j.1753]

Your government should build homeless rehab centers, not Dior nor its customers 🤡

[@pikachuthunderbolt3919]

They have utmost made their brand similar to diamond. A stamp could be made those below standard products expensive. Since those products are european...rich buy them rigoursly. Even in china, korea....those have penterated and disturbed the society.. Since indian riches dont give them 2 cents...these brands call them frugile for not buying their super expensive below standard products.

[@GarudAtma]

Yes, Indian rich buy and poor both buys gold silver ornaments. Rich people buy hand made tailored silk cloths, that's it. I saw rich Sindhi businessman wearing rupa baniyaan and pajama in the morning daily. But during parties he wears expensive looking, no brandes clothes

[@tulika_9519]

Even if I have 100k+ rupees in my bank account, I will NEVER buy these stupid So-called luxury products 😂 Especially when I can get much cheaper, better quality and designs from local brands.

[@SRRMCS]

why arent these brands prosecuted for inflated prices.

[@emmanueluwaifo3045]

Good question

[@universe25.x]

Private companies can set their own prices.

[@queenlip6152]

Companies only get investigated for profiteering when consumers complain. Alas, it's not just the price of producing the goods that is factored in. The companies can point to the millions they spend on marketing, salaries, brand ambassadors, and physical stores as legitimate operating costs. That's why some brands can fail. They, too, are chasing the dragon. It's a vicious cycle driven by exploiting people's needs.

[@abodemetto8127]

Bribes 😂

[@SaffariRose]

They are beginning to. Dior and Armani are not only being seriously investigated but will also be prosecuted and fined. This is just the start.

[@SpendthriftGamer]

it’s true we ourselves are a leather handbags manufacturer and bags like these can easily be made under $45🤷🏻

[@jesuismilliardaire43]

Why people are are not suing these designer houses and why journalists are not putting it on a front page news and creat an awareness?

[@norodom2074]

I sent this video to my wife. Thank you so much!!

[@foodie1986]

i thought it was common knowledge that these luxury brands today are bringing in workers from china and other countries to italy so as to get the made in Italy tag but using cheap foreign labor. It is in stark contrast to what these luxury brands would have us believe of an Italian leather artisan working on these handbags one at a time in a workshop.

[@erictred4529]

A product is worth what a purchaser will pay for! Thank you Lenard Nimoy from civ 4 !

[@memecat84]

I see a brand bag, I think dushbag 😂

[@ropekingathletics]

I wonder how much money did Floyd mayweather waste on fake handbags🤦🏽‍♂️🤦🏽‍♂️😂😂😂😂

[@bumblebee2956]

Anything with luxury is waste of money 😅

[@Mitchellvictoria]

Vietnam has consistently demonstrated its commitment to peaceful conflict resolution, leveraging diplomacy, international law, and the United Nations to address challenges. With a deep-rooted love for peace, Vietnam continues to prioritize dialogue and cooperation, fostering a more harmonious and stable world.

[@DeclanPatrick-xx9sk]

The incompetence and corruption in this government are becoming increasingly risky and ridiculous. I sympathize with citizens who aren't getting the help they deserve.

[@LopezfloresP]

I sympathize with people with disabilities who aren't receiving the help anybody. Thank you, Katie Thompson for seeing my $5,000 investments growing.

[@Kumar-kf7nx]

I agree; there are strategies for achieving solid gains regardless of economic or market conditions. However, these strategies are typically executed by experienced investment experts.

[@Margaret-b3u]

Wow You just mentioned Katie Thompson Indeed, that woman has been an incredible mentor to me, imparting a deep understanding of the economy that I wish college had provided.

[@Susan-n2z]

I feel the same, especially for people with disabilities. Congratulations on your breakthrough. I appreciate your advisor; her results are very professional.

[@78g476]

No one has the right to tell someone how they should spend their money and what they should spend it on. And brands have every right to market their product based on how they see fit. As for them violating labor laws, that is a completely different issue. Let's not conflate labor laws and worker's treatments with brand marketing and a consumer's right to spend his/her money however he/she wants.

[@taarasharma8526]

Good reporting Spot on.👍👍

[@kavyak3829]

Mam your way of explaining is superb

[@rah5321]

My frnd recently got a job.He bought an iphone just bcoz of his colleagues use it ,he felt insecure & bought. This is a chain reaction. Cashing on people's insecurity is a business usp 🤝 Salute to steve jobs ❤

[@FormasaReady]

We are paying to showoff others we can afford 2800dollar bag for a 50dollar bag as it's a competition who can waste more money among friends and peers

[@pjdmoneymantrading2858]

This has and will always be the case.

[@Kanthavel.KV.Chennai.Bharat]

Firstpost should make a study of how much it costs to make various important medicines in India and what price they are sold in retail - that would be more useful for the common public and create awareness or uproar

[@SlimJim3082]

Slap a luxury label on a dog turd and women would buy it 😂😂😂

[@vi950]

As if all these brands don't have products for men at all. Stop blaming only women

[@ecomwebspacedotcom]

​@@vi950 you running away from reality. 1. How many of the Luxury Brands are making/marketing/targeting Men for their products? 2. What percentage of Men are buying these Luxury Brands bags etc. 5% - 15% at best.

[@hellboundbuddha912]

​@vi950 women are the majority of consumers.

[@kirank4623]

No sane men buy's luxury product to look cool or pricey. Its always one word. Wemennn !

[@tarunika983]

Even men buys... South korea is more obsessed..and some ASEA copies them..

[@Loyang66]

Dig it out.

[@sahas397]

That the value of Brand. No nobody is forcing anyone to buy it, so why the noise?

[@prrajwal9576]

Cause of the labour laws they're flouting

[@sahas397]

@@prrajwal9576 rubbish, if China doesn’t make it cheaper, Vietnam or Bangladesh will. Labor law are country specific, they have no jurisdiction in those countries.

[@randomchannel2780]

But that doesn't include raw material cost, please how much is the actual total production cost?

[@payalsaxeana1299]

Thanks for bringing this up!

[@indianpatriot722]

It's not daylight robbery to make insane profits. They don't force people to buy their products. You may not find value in their products, but people who buy them feel they are valuable.

[@Lior__]

They are not forcing directly but indirectly. They all spend money to demoralize people and to make them think they are worth nothing if they don’t show off by buying their products…..its all politics

[@charletfoster8917]

Thanks 🙏🏿 for this report; I’m never buying these bags👎🏿

[@sarunraj2884]

it should be mandated to have manufacturing cost mentioned on the price tag. That will eradicate the brand value entirely.

[@456inthemix]

Handbags are not the only items for whose brand people pay more. The Swiss consumer test examined "no-name" and branded items for sportswear and could not find any difference, as they mostly came from the same production. At least handbags such as Louis Vuitton or Kelly Bags are more of an investment asset, their value increases immensely. Where there was little interest, people invested in handbags if they could afford them.

[@artandglo]

Imagine here in Canada 🇨🇦 Canadian tire store can sell products with up to 80% discount on sale or special price. It means the cost of the product is about 15% including the shipping cost from it origin. That’s why I don’t buy products when it’s not on sale.

[@queenlip6152]

Problem with that is rubber degrades after a year without use. That's why expensive sport shoes are discounted after a year on the shelf. They have to get rid of it before it starts crumbling. Weird thing is if you use it, it can last longer than being left alone unused!

[@pyniarphangmawri1630]

if u are earning in millions 2800$ is nothing for them .. Stop cursing low income people there are bag below 10$ u can buy that . N plus luxury brand are like investment they are assets increases with times n very collectible ....

[@samjaiwin]

Most of the branded items are bought by middle classes to feel validated. Rich dont care about their status. Only very few products appreciate in valve. Almost all products deprecriate like waterfall.

[@Tunup1017]

This is why replicas are same or better quality at times. They cost around the same to make.

[@WalsonKatherine]

*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*

[@joannamelika]

Waking up every 14th of each month to $210,000 it’s a blessing to I and my family… Big gratitude to Andrew Stella 🙌

[@BrianDraw]

Hello , I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?

[@VioletBurnt]

Same, I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Andrew Louis Stella, has been an amazing experience.

[@RobertRyan-js4nm]

Hello how do you make such monthly?? I'm a born Christian and sometimes I feel so down 🤦‍♀️of myself because of low finance but I still believe in God

[@GeorgiaHaven]

I'm favoured, $90K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,, all thanks to Ms Louis Stella 😊🎉

[@skymaster9665]

Guess how much an iphone costs to make, this is brand value Palki you cant blame a luxury designer house for selling their legitimate product at whatever price they seem fit. The people have to decide whether they want it or not.

[@prakash-tn6ql]

Exactly correct dear

[@prrajwal9576]

And what about the labour laws they're flouting?

[@francisty139]

We have an old saying. "Rice Porridge". You take rice and sell it as a meal at a higher price. The mark up is decent.

[@alimichalkan8046]

Thank you for the post. I used to love buying all these luxury brands but the moment the price becomes more and more absurd, I stopped purchasing them too frequently. I just get a new one once every 5 years or so or I buy when they are at 80% off. That is their worth.

[@Lankanaresh6137]

I am using samsung s10 from 2019 My wife changed three iphone to maintain status. So there are many fools who buy this even the price is high

[@samjaiwin]

Most apple fans are that way😂😂. They are genius in marketing. They are known for marketing usb c port on iPhones🤣

[@alexi2460]

Good for your team for doing due diligence and exposing it.

[@NelwishAlive]

I seen people whose daily income is more than this bags cost.

[@KittyAKan]

Hey ! My YSL bag costed me around @1500. Is it worth the price or not?

[@suneetmalik6015]

There are a couple of Lipsticks and Nailpolish manufacturers in India who sell these for about Rs.10 each and are exported where labelling is done and are sold for Rs 500 each with so-called leading brands. This is prevalent in all products companies to keep prices astronomically high. This applies to all categories of products.

[@apophisstr6719]

Oh, don't tell me people only began to realized this.

[@MP_mp20]

Level of journalism ❤by palki

[@pauleyliesinger]

I bought a LV bag gtdupe years ago. I took it to the LV store in my town last week to have it repaired. The store clerk inspected my bag and immediately told me that the bag was of good quality. She pulled a current bag out of inventory and compared the tags and I found zero differences

[@beenamenon6749]

Good job to call them out!

[@vamsikiranbatthina2687]

thats the concept of luxury

[@jeek78]

Same goes with the tech industry...

[@wl6020]

Dior pays alot in advertising, nice renovation in stores, stores in prime locations, and stores have a ton of walking space. Its just how the world works.

[@couloir1]

I have 2 wealthy friends and if you saw them on the streets you'd never know they had money. The only thing they spend money on are assets and travels.

[@AtmosVibez]

This is so spot on!!

[@sarahb6758]

Since studying fashion business I became very wary about how much I spend on expensive clothes. Fashion has huge mark-ups.

[@pompeo9116]

Price has never been the issue! The issue is the fair distribution of labor costs! They should pay more the labor workers!

[@HhitComedy]

Every designer/ fashionable things works like this

[@savitagoel6812]

I am shocked and relieved both😅

[@eshtermaria6884]

Burberry would burn away unsold inventory to not lower the price.

[@abdullahsharief9273]

Thats why i never fancy for branded items.

[@cassidymelpi870]

I cant wait to tell people with Dior bag. “ how’s your $58 Dior bag?”

[@alimalani9905]

😂😂😂😂 I will do the same, I know some of them 😅😅

[@leocoolguy4138]

I feel happy for never falling for brands, most of my clothing and footwear is from not so popular brands. There's no sense in spending so much for something that you will use for sometime

[@SylviaStarbucks]

I love lesser known bag makers. Bought a palletteria Benetta leather Italian bag for under$100 and I love it more than my brand bags that I foolishly bought in my younger days❤

[@dhananjayagrawal1768]

Talk about production cost of Adanis production cost of coal and electricity.

[@quietstorm2265]

Its not only Dior and Armani. Most of the luxury brands

[@silent_wings]

No wonder we find counterfeit of the same brands in the market for the actual 57$ 😋

[@masvingozimuto]

Wow what a good business strategy.

[@Abdr786]

They also have Spent 10 times of manufacturing cost in marketing, so that makes sense

[@bigvalley4987]

That is why I avoided getting hook on designer attire. I make my own style, and not too bad at it. It comes naturally, so I do not have to rely on brands.🕺💯

[@AmitSenguptaVlogs]

This doesn't apply to Dior alone. Actual cost of production of all branded goods is far far less than what we pay for. That's how we consumers are fooled with *SALES* throughout the year. MRP is way too high and retailers are allowed to give away attractive😍 discounts.

[@sarangkale1369]

My wife bought 3 luxury bags worth lakhs on our recent trip to the US.

[@teelingbergstrom]

My mom bought one kislux and she loves it. It had been there for over 10 years when she went out with it.

[@sonamdhingra5319]

It's hard to control our own desires when u see stuff despite having less money.