Do they really burn them?

Tweet

Hello friends I have been spending a lot of time on social media and I came a cross of a video talking about this big brands. Well it was interesting because the video was talking about, how the brands charge a high fee or high prises on a low price product, well in this case hand bags. And the shocking part as I learnt from the video is that if the product is not sold, they burn the product. I did not understand why, but they say, if not sold by six months it has lost its value so they burn it. I don't weather it's true but if so why can't they just sell them at a lower price. My question is, will you spend a lot of money to buy something expensive because of the brand name, or buy something simple that serves the same purpose at a cheaper price?