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September 27, 2005
Luxury Goods 'Made in Serbia'?
‘Made in Italy’ is becoming a scarce designer tag as high-fashion shops continue to move production of luxury items to developing markets, according to an investigation published Tuesday.
Opulent brands such as Valentino and Gucci are tip-toeing into emerging markets to stitch items from suits to sneakers, the Wall Street Journal reports. Louis Vuitton group’s Celine unit is already making some handbags in China, including its $500 Macadam bag, according to the Journal.
Tags that read 'Made in Egypt' and 'Made in Serbia' may become more familiar to consumers as designers increasingly take advantage of the cost savings and labor markets in these countries. In their defense, some designers say that it doesn’t really matter where the items are made, and that tailors and seamstresses in their home countries are now hard to come by.
It remains to be seen whether consumers squawk at paying $1,800 for a Valentino suit made in Egypt.
Posted by Blacks on September 27, 2005 12:12 PM
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