Burberry reportedly burned $37 million worth of luxury goods

- Luxury fashion brand Burberry is being slammed for destroying around $37 million worth of goods over the last year.

The information came out during the company’s annual meeting last week, The London Times reported.

Stockholders reportedly questioned the staggering number — which equates to approximately 20,000 of the brand’s iconic trench coats — asking why the products weren’t offered to the company’s private investors.

A Burberry spokesperson told Fox News the brand has “careful processes in place to minimize the amount of excess stock” produced, but when disposal is necessary, they do so in a “responsible manner.”

Read full story at FOXNEWS.COM

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