Amorepacific Third-Quarter Revenue Rises 11%, Overseas Growth Cools
Revenue growth outpaced the previous quarter in the Korean conglomerate’s domestic market, but slowed internationally.
Counterfeiting
Latest News & Analysis
Global Markets
The Pandemic Has Created a ‘Perfect Storm’ for Counterfeits. Just Ask Louis Vuitton.
As if Covid-19 hasn’t already done enough damage to the fashion industry, intellectual property experts are now warning that it has also left the door open for counterfeit products to proliferate at an unprecedented pace.
Retail
Retailers Launch Lobbying Group to Fight Counterfeit Goods on Amazon
The Buy Safe America Coalition aims to back legislation that would require digital marketplaces to verify information about third-party merchants.
Retail
Nike Seeks New Weapon in Battle Against Counterfeit Goods
Proposed legislation would extend to design patents the same protections given copyrighted and trademarked goods.
Technology
Fake Allbirds and Glossier Dupes: DTC Brands Are Battling Counterfeits and Knockoffs
Direct-to-consumer brands like Allbirds, Glossier and Rothy’s are battling counterfeiters and copycats. These startups now face a problem even big-budgeted luxury brands can't fix.
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Luxury
The Rise of Return Fraud and How Retailers Are Fighting Back
Sophisticated counterfeits and a culture of hassle-free returns have created an expensive problem for retailers.
Financial Markets
Alibaba Pays $250 Million to Settle Counterfeiting Warning Lawsuit
The lawsuit accused the e-commerce giant of concealing a regulatory warning about its ability to stop counterfeiting two months before its $25 billion IPO in 2014.
News & Analysis
Supreme Breaks Silence on ‘Criminal’ Global Counterfeiting Menace
Sophisticated Italian counterfeiters are damaging the billion-dollar streetwear juggernaut’s brand reputation and may be slowing its post-Carlyle growth plans. In a rare interview, Supreme’s press-shy founder James Jebbia speaks exclusively to BoF.
Luxury
China Breaks Counterfeit Goods Ring Worth 100 Million Yuan
The case highlights the challenge faced by brands in China, whose products run the risk of being copied.
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News & Analysis
Fighting Fakes Was a Big Reason Behind Amazon's Big Vendor Purge
Counterfeiters can take advantage of Amazon’s system which is designed to let merchants post products quickly and easily after setting up accounts online.
Luxury
A Turning Point for China’s Stance on Counterfeit Luxury Goods
The Chinese government is finally ready to crack down on the country’s black and grey luxury market and better regulate its booming e-commerce sector.
China
Nike and LVMH Are Sticking Up for China in the Piracy Fight
Executives at two of the biggest victims of counterfeiting praised Beijing’s efforts to crack down on intellectual property abuses.
Sustainability
Social Goods | The Case Against Underage Models, Criticisms Over Nike's Balaclava
This week, the codes of the modelling industry are changing in the #MeToo world, while Nike receives criticism over selling a balaclava that customers said looks 'menacing.'
The News in Brief
Hearst Magazines Names Juliana Stock President
Current president Debi Chirichella will be Hearst Magazine’s next chair.
Lilly Raises Sales Forecast, Widening Lead in Obesity Market
Eli Lilly & Co. raised its full-year sales forecast as demand for its blockbuster obesity and diabetes drugs continues to surge, giving the drugmaker more momentum as it expands into pills and develops even more powerful weight-loss treatments.
US to Temporarily Allow Compounding of Six Peptides
The move relaxes rules to access some peptide compounds for recovery, sleep and cognition and will require pharmacies to notify regulators about adverse events.
Adidas Keeps Humming With Apparel, Performance Sports Growth
The German sneaker brand on Thursday reported strong growth in apparel and sports gear, led by running, training and football products, elaborating on preliminary results published last week.
Uniqlo Scraps Price Rise on $2 Socks After Japanese Shopper Outcry
The decision underscores the challenge Japanese retailers face as persistent inflation squeezes household budgets.
Puig Targets €8 Billion in Annual Sales by 2032
Ahead of its first Capital Markets Day in Madrid, the Spanish beauty group has unveiled its “Vision 2032” and detailed its plans to grow its share of the global fragrance market.
Report: Puig, CVC, Cinven Eye Luxury Fragrance Maker Parfums de Marly
Private equity firms CVC Capital Partners and Cinven, along with Spanish beauty group Puig, are considering acquiring Parfums de Marly, the luxury fragrance brand owned by Advent International, two people familiar with the matter told Reuters.