Pages

Monday, July 23, 2018

Fashion up in flames: why Burberry burned unsold stock worth R506m

Among the products destroyed were around R184-million (£10.4-million) worth of beauty items, which Burberry said was a one-off related to a licence it agreed with beauty company Coty last year.

The firm - which announced a slight rise in annual profits in May to about R5.2-billion (£294-million) - has said it takes its environmental obligations seriously and harnesses the energy from burning the items.

It also pointed to partnerships with organisations such as the Ellen MacArthur Foundation that work to reduce waste in the industry.

But news of its destruction policy drew flak in Britain.

Lawmaker Tim Farron, environment spokesman for the opposition Liberal Democrat party, said: "It is outrageous that Burberry think setting fire to their unsold stock is an acceptable solution."

Noting recycling was "far better for the environment", he added: "As a leading British fashion brand they should be leading the way in sustainable fashion."

Let's block ads! (Why?)

https://www.timeslive.co.za/sunday-times/lifestyle/fashion-and-beauty/2018-07-23-fashion-up-in-flames-why-burberry-burned-unsold-stock-worth-r506m/

No comments:

Post a Comment