In The Debrief podcast, Senior Correspondent Sheena Butler-Young and Chief Sustainability Correspondent Sarah Kent discuss the recent scandal surrounding Loro Piana, an LVMH luxury label, and allegations of labor exploitation in its supply chain. Milan prosecutors allege that jackets sold by Loro Piana were made in illegal sweatshops, exposing a pattern of widespread labor exploitation within the fashion industry's local supply chains. They explore the implications for the luxury sector, the potential reputational damage, and the broader issues of transparency and due diligence. The conversation touches on the rollback of EU due diligence regulations, the increasing prices of luxury goods, and the challenges facing the "Made in Italy" label, questioning whether this scandal represents a turning point in consumer perception and industry practices.
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