Exclusive Report: LVMH Investors Demand Change After Probe into Dior Suppliers
Europe’s top asset manager Amundi and other LVMH investors are calling for action following allegations of worker mistreatment at subcontractors for luxury brand Dior. This investigation has raised concerns about worker exploitation in the global luxury goods industry.
Analysis:
Investors are pressuring LVMH to improve monitoring of suppliers, which could lead to changes in how luxury brands oversee their supply chains. This could impact the reputation and financial performance of companies in the industry, as consumers increasingly demand transparency and ethical practices. Investors and consumers alike should pay attention to how companies respond to these calls for change.
