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.
counterfeiting
News & Analysis
Fighting the $450 Billion Trade in Fake Fashion
BoF lifts the lid on the shadowy market in fake fashion and what the UK’s special anti-counterfeiting police unit — the only one of its kind in the world — is doing about it.
Luxury
Fake Fashion Fuels Vast Illicit Profits, Sea of Human Misery
Annual trade in fake products is worth around 2.5 percent of total global trade, or about $18 trillion, with the money fuelling organised crime, terrorism and the trafficking of drugs, people, sex and wildlife.
Luxury
Let The Red Carpet Knockoff War Begin
The big fashion houses, some of which translate trends into affordable looks for retailers, must contend with unauthorised duplicates and adaptations that pop up in stores and websites almost instantaneously.
China
Alibaba Blames Poor Laws, Enforcement For Spread of Fakes
The company blamed ambiguous laws and lax penalties at the root of its difficulties in enforcing laws against counterfeiting, as the firm lobbies to be taken off a US blacklist of marketplaces notorious for fakes.
Luxury
A New Tech Tool for the War on Fake Goods
Blockchains could be the perfect tool for fighting the counterfeiting scourge.
Technology
Bits & Bytes | Instagram Stories Ads, Intel Invests $100 Million in Retail Tech
This week, Instagram implemented ads into their stories feature, and Intel invests heavily into the future of retail.
China
The China Edit | Alibaba and Louis Vuitton Form Anti-Counterfeit League, Burberry's Chinese Pop Idol
This week, Alibaba announces an anti-counterfeit partnership with 20 global consumer brands, and Burberry taps Chinese pop star Kris Wu to win over Chinese shoppers.
News & Analysis
EBay Gets Hands-On in Fighting Fake Handbags With New Service
EBay is following online luxury consignment startup The RealReal Inc. in San Francisco, which authenticates items and said it sold almost $400 million in second-hand designer apparel, handbags, jewellery and other merchandise in 2016.
News & Analysis
$2.6 Million Worth of Fake Luxury Watches Seized in Puerto Rico
Authorities in Puerto Rico have seized $2.6 million worth of fake luxury watches they say were illegally imported from China.
China
Alibaba Sues Two Vendors Who it Says Sold Fake Watches
Alibaba Group Holding Ltd has sued two vendors it says sold fake Swarovski watches on its Taobao e-commerce platform.
China
Alibaba's Counterfeit Woes Won't Stop Any Time Soon
Just before Christmas, the US Trade Representative added Alibaba's Taobao e-commerce site to a list of "notorious markets" that traffic in counterfeits.
News & Analysis
Alibaba Branded a ‘Notorious Market’ for Knock-Offs by the US
The agency warned last December that Alibaba needed to do better if it wished to avoid the designation, reserved for websites and markets where there is large-scale copyright infringement.
The News in Brief
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.
Beauty and Home Care Drive Unilever Sales, Food Unit Falters
The UK conglomerate raised its annual volume growth forecast on beauty, personal and home care demand, despite a lagging food sector and the impact of geopolitical conflict on costs.
Carlos Nazario Appointed Editor in Chief of Wonderland
The fashion editor and stylist is reuniting with longtime collaborator Alastair McKimm, chief creative officer of Wonderland parent Visual Talent Ltd.
Aritzia Seeks to More Than Double Sales by 2032
New categories and brick-and-mortar expansion beyond North America are set to drive Aritzia’s quest to hit $10.5 billion CAD ($7.5 billion).