Daily Union (Monthly, Korea News Newspaper) Ryu seungwoo Journalist | Recently, investors of Dior's parent company LVMH have called for a quick change in the wake of the controversy over luxury brand Dior's labor exploitation.
According to a Reuters report, investors at LVMH pointed out that neglecting labor exploitation was unacceptable in terms of ESG that global luxury brand companies should bear, calling for supply chain audits and greater transparency.
According to the company's financial report, LVMH's global sales in the second quarter of this year amounted to about 30 trillion won, and Dior's Korean branch's sales exceeded 1 trillion won.
Meanwhile, LVMH said it had cut ties with the supplier and would strengthen monitoring and management of the supplier in the future, refuting the news that the bag was produced at an excessively low cost as a false report from the media.
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