Tag Archive for marco gobbetti


Luxury Brands Burn Their Own Goods?

Every winter the Tuscan workshops of Stefano Ricci, a high-end menswear label, box up the year’s unsold products—from cashmere suits and silk ties to finely woven cotton shirts—and send them off on trucks to be burned. Then Stefano Ricci’s accountants get to work claiming a tax credit for the ope…