He complains about a direct-to-consumer underwear brand costing 10x as much as fruit of the loom. This isn't any different from Ralph Lauren, or Calvin Klein, or any of the legacy players in the segment.
Lifestyle brands have large creative and marketing teams, with production secondary and technical production largely outsourced, sometimes to the manufacturing partners.
This is a well worn business model for product categories in which all the margins have been competed away. Pricing power comes from the emotion of brand alignment.