Bloomberg Originals
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Inside Peru’s Secret Luxury Supply Chain

Posted

March 19, 2024

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aying $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.

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Loro PianaLVMH-owned Loro Piana'sSubscribe GetBloomberg Quicktake

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Inside Peru’s Secret Luxury Supply Chain · Bloomberg Originals · Sentinel