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People buy brands like LV and Gucci for image only. Their quality compared to other less known brands is extremely poor, they just have a much larger advertising budget and PR people who give celebrities free clothing to wear their goods. People that buy into that crap are the same ones that think Armani and Hugo Boss make the best suits and proceed to spend $2000 on one when they could easily get the same one if they looked for $500 or a brand with much higher quality for half the cost.
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