Bernard Arnault Joins X as LVMH CEO Fights Off Rumours of Family Disunity
French newspaper Le Monde published a six-part series last week on the tycoon, including alleged tensions among his family members driven by succession.
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.
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.
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.
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.
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.
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.
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.
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.
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.
$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.
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.
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.
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
CVC Mulls Buying Stake in Jeweller APM Monaco From TPG
CVC Capital Partners is considering buying a stake in the fashion jeweller from private-equity firm TPG Inc., according to people familiar with the matter.
London’s Liberty Doubles Fabric Section as Sewing Booms
The department store has more than doubled the size of its fabrics department and will host crafting classes this autumn as social media drives a surge in activities like sewing.
US Businesses File Lawsuit Challenging New ‘Forced Labour’ Tariffs
Two small businesses, backed by the group that successfully sued over previous tariffs, say the new policy similarly exceeds the president’s authority to tax imports.
Perfume Maker Givaudan’s Sales Beat Estimates, Tariff Paybacks Weigh on Shares
Givaudan’s second-quarter organic sales came in ahead of market estimates on Thursday, but its shares fell 5 percent on litigation costs and tariff repayments.
Trump to Impose Forced Labour Duties on Friday as Temporary 10% US Tariffs Expire
The move is the White House’s latest effort to restore Trump’s campaign vision of a near-global tariff after the US Supreme Court in February struck down his ‘reciprocal’ duties.
LVMH Appoints General Manager of Fragrance
Givenchy executive Yann Musquin will lead the group’s fragrance portfolio, succeeding longtime division head Romain Spitzer.
India Changes Rule in Win for Foreign E-Commerce Companies
In a major win for Amazon, which lobbied for the change, the government will allow foreign e-commerce companies to buy products directly from Indian sellers and sell them to overseas customers.