Transparent pricing
We disclose the prices of our products, selling every detail, from metal parts to producers, packaging materials and our margin.
Check out the pricing for the Hilla bag
A traditional problem in the fashion industry is complex and opaque supply chains and companies' sometimes unjustified margins. The consumer is not told who is being paid and how much at different stages of production. This can lead to major social problems or unnecessary environmental burden.
To avoid these problems, we want to be transparent about the pricing of our products. We also openly disclose our own margins and how they compare to traditional pricing.
Materials
The main materials used in Lovia bags are surplus leather and textiles, which we collect from waste from other industries. Prices include collection and storage of the materials.
€2.55
Metal parts
In order to create long-lasting products, we need not only the main material, such as leather, but also high-quality details, such as zippers, knobs, and various fasteners.
€0.78
Production
It has been important for us to find reliable partners so that we can ensure a functioning production chain and give waste materials a new life in the form of sustainable products.
€93.00
Logistics
Materials and finished bags travel between Helsinki and Italy by road instead of air freight, so that we can minimize emissions caused by transportation.
€1.65
Packaging
The bags that protect the bags are made from cotton waste and help our products last longer. In addition, the products are delivered in recycled cardboard boxes.
€7.14
Production cost
105.12€
Lovia's transparent price
285€
Lovia's prices are 2-3 times the production cost before VAT. We use this to cover fixed costs, design and customer service.
Traditional resale price
650€
If we were to use the traditional industry pricing model, which is about 5-6 times the amount of production costs, this would be the total cost of the product.