Yes, this rumor appears to be true. Similar to Chanel, LV happens to burn leftover goods at the end of the year. If the bags are not sold, they burn them in order to prevent putting a lower price on them. Historically, it’s known that LV does not put its pieces on sale. This is done to sustain an item’s value.
Here are other LV facts you certainly didn’t expect:
And there you have it. Crazy right?