Leather shortage causes problems for Louboutin
24/06/2013
The French designer, whose shoes cost a minimum of $600, said: “It is more expensive to make shoes now. And it’s for a very boring reason.”
With the strengthening euro against the dollar, the cost of producing shoes in Europe has increased, he explained, and a perceived leather shortage has led to luxury houses buying their own tanneries. “Now there is a gap of raw materials and leather, which puts the prices up,” he said, adding that his costs have doubled in five years.
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