Fashion houses eye Australian crocodile farms
24/04/2013
Crocodile farmer John Lever from Queensland told Australian Broadcasting Corporation that he was approached at least once a month by international fashion houses. "They want the guarantee of getting the skins so they're buying into the farms as well," he said.
But he warned this could mean farmers lose control of the market. "A cartel of buyers could form a monopoly and control the price of the skins," he said.
Up to 10% of the world's crocodile leathergoods are made from Australian saltwater crocodile skins, said the broadcaster. It reported that Louis Vuitton owns a crocodile farm in Queensland, while Hermes has one in Cairns and two in the Northern Territory.
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