"We've been looking into how world class athletes do things in terms of recovery and training - it's all about doing things properly," Taylor Barry said. "What Joe wears to the ring is all part of that because he is fighting at the elite level and his audience is massive now - especially in the UK and USA."
Barry said Parker wore a new outfit for every fight, and that their Plan B should the new one not arrive in time was for Parker to wear an old one.
While Parker's outfit sounds exorbitant, it isn't likely to cost as much as Joshua's, who announced before his victory over Klitschko that he would like to become boxing's first billionaire and who wore an eyebrow-raising long robe during his long walk to the ring in front of a crowd of 90,000 on Sunday.
Barry revealed that Joshua had white snake skin and gold flakes on the sides of his shorts and arms of his robe.
Fight Label also supply the ring clothing to Floyd "Money" Mayweather and Amir Khan, the latter surely setting the record for priciest outfit three years ago for his fight against Devon Alexander in Las Vegas.
It featured 24 carat gold thread woven through a waist band supporting white nappa leather trunks with crocodile trim. Estimated cost: about $50,000.
Asked why boxers seemed preoccupied with reptile skin, Barry said: "I have no idea. If I was a boxer, I don't think I'd want to wear it on my shorts."