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Post on Medial

2024-10-18T05:25:40.729Z

A strategy by Gucci's CEO, who reportedly burned $10 million worth of unsold luxury products to maintain the exclusivity of the brand. 🤯🔥 The decision to burn unsold products was part of Gucci’s broader strategy to protect its brand image. By destroying items rather than selling them at a discount, Gucci aimed to ensure that the exclusivity and luxury appeal of its products remained intact. This tactic reflects a common practice among luxury brands where maintaining scarcity is crucial to preserving their high-value status. Other brands, such as Burberry, have followed similar approaches in the past, destroying unsold stock to avoid undermining their pricing power. Critics have often pointed out the environmental and ethical implications of such moves, as it leads to wastage of valuable resources, though brands justify it as necessary for maintaining brand prestige. Crazy 🔥

Suprodip Bhattacharya

Stealth • 4m

Finding technical co founder is like finding water in huge desert 🙂

Anonymous 3

Stealth • 4m

Your vision attracts talent, co-founder, teams if you have a poor vision even a donkey will not want to work for or with you.

2 replies

Replies (2)

Suprodip Bhattacharya

Stealth • 4m

How ambanis can understand the pains of a field working farmers..haha🤣

0 replies

Suprodip Bhattacharya

Stealth • 4m

Well you were saying from different aspect and I am from different 😅

0 replies

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