Shein Discloses FTC Probe in US, Warns of Significant Payments
According to documents the ultra-fast-fashion company filed in connection with its planned Hong Kong IPO, Shein is cooperating with the investigation and could face significant fines.
counterfeiting
Sustainability
Social Goods | $461Bn in Fakes, Chanel and Prada's Secret Supply Chains
Social Goods is a weekly roundup of the most important news at the intersection of fashion and ethics, sustainability and corporate social responsibility.
Social Goods | $461Bn in Fakes, Chanel and Prada's Secret Supply Chains
Social Goods is a weekly roundup of the most important news at the intersection of fashion and ethics, sustainability and corporate social responsibility.
News & Analysis
Trade in Fake Goods Now Worth $461 Billion
Counterfeited and pirated goods accounted for up to 2.5 percent of world trade, or as much as $461 billion, significantly damaging companies and state coffers, said the OECD.
Trade in Fake Goods Now Worth $461 Billion
Counterfeited and pirated goods accounted for up to 2.5 percent of world trade, or as much as $461 billion, significantly damaging companies and state coffers, said the OECD.
News & Analysis
Thai Police Seize Almost 900,000 Counterfeit Sunglasses
Police in Thailand say they have seized almost 900,000 counterfeit brand-name sunglasses at a warehouse where they also arrested two Chinese nationals accused of making the products.
Thai Police Seize Almost 900,000 Counterfeit Sunglasses
Police in Thailand say they have seized almost 900,000 counterfeit brand-name sunglasses at a warehouse where they also arrested two Chinese nationals accused of making the products.
Global Markets
North Korea's Fashion Secrets
Fashion is an increasingly important tool for North Korea’s ‘black market generation’ to make small but significant changes to the culture and economy of the secretive state.
North Korea's Fashion Secrets
Fashion is an increasingly important tool for North Korea’s ‘black market generation’ to make small but significant changes to the culture and economy of the secretive state.
News & Analysis
Thai Border Market Vendors Torpedo Crackdown on Counterfeits
Thailand, like much of Asia, is awash with counterfeit products ranging from cosmetics to DVDs.
Thai Border Market Vendors Torpedo Crackdown on Counterfeits
Thailand, like much of Asia, is awash with counterfeit products ranging from cosmetics to DVDs.
Technology
Italian Police Shut Down Fake Prada Website
Italian police said on Friday they had shut down a website selling fake products carrying the Prada label.
Italian Police Shut Down Fake Prada Website
Italian police said on Friday they had shut down a website selling fake products carrying the Prada label.
China
Louis Vuitton Sues Counterfeit Online Sellers in China
Louis Vuitton is seeking damages from three people convicted of offering counterfeit versions of its clothing, shoes and handbags on Alibaba Group Holding Ltd's popular Taobao shopping website, a Beijing court said.
Louis Vuitton Sues Counterfeit Online Sellers in China
Louis Vuitton is seeking damages from three people convicted of offering counterfeit versions of its clothing, shoes and handbags on Alibaba Group Holding Ltd's popular Taobao shopping website, a Beijing court said.
Global Markets
Alibaba Warned by US to Combat Sales of Counterfeit Products
Alibaba Holding Group Ltd. has to do a better job of fighting the sale of counterfeit goods and pirated materials on its websites if it wishes to remain off the US government’s annual "Notorious Markets List," according to the US Office of the Trade Representative.
Alibaba Warned by US to Combat Sales of Counterfeit Products
Alibaba Holding Group Ltd. has to do a better job of fighting the sale of counterfeit goods and pirated materials on its websites if it wishes to remain off the US government’s annual "Notorious Markets List," according to the US Office of the Trade Representative.
Technology
Gucci, YSL, Others Suing Alibaba Back Down on Mediation Threat
Luxury brands suing Alibaba promoting the sale of counterfeit goods have backed away from their threat to withdraw from mediation, despite Alibaba founder Jack Ma's statement that he would rather lose the case than settle.
Gucci, YSL, Others Suing Alibaba Back Down on Mediation Threat
Luxury brands suing Alibaba promoting the sale of counterfeit goods have backed away from their threat to withdraw from mediation, despite Alibaba founder Jack Ma's statement that he would rather lose the case than settle.
Global Markets
What 'Hot Deal' Means on Singles Day in China
China’s economy is struggling, and come Wednesday the country’s lonely hearts will do their best to put it back on track.
What 'Hot Deal' Means on Singles Day in China
China’s economy is struggling, and come Wednesday the country’s lonely hearts will do their best to put it back on track.
China
Alibaba Lobbies to Stay off US Blacklist List for Fakes
Alibaba Group Holding Ltd is lobbying hard to stay off the US Trade Representative's blacklist after coming under renewed pressure this year over suspected counterfeits sold on its shopping platforms.
Alibaba Lobbies to Stay off US Blacklist List for Fakes
Alibaba Group Holding Ltd is lobbying hard to stay off the US Trade Representative's blacklist after coming under renewed pressure this year over suspected counterfeits sold on its shopping platforms.
China
Bank of China Ordered to Release Counterfeiters' Records
A New York judge has ordered the Bank of China to hand over detailed information about Chinese bank accounts used by a counterfeiting ring that allegedly sold millions of dollars of fake Gucci handbags and wallets in the US.
Bank of China Ordered to Release Counterfeiters' Records
A New York judge has ordered the Bank of China to hand over detailed information about Chinese bank accounts used by a counterfeiting ring that allegedly sold millions of dollars of fake Gucci handbags and wallets in the US.
The News in Brief
Frasers Group Takes a Position in Burberry
The billionaire Mike Ashley’s investment arm disclosed Tuesday it holds an interest worth a potential 4.2 percent of the voting rights in Burberry.
EssilorLuxottica Beats Forecasts, AI Glasses and Myopia Products Drive Growth
The Franco-Italian eyewear maker reported a 15 percent rise in first-half profit, beating expectations, while revenue growth was driven by strong demand for AI-enabled glasses myopia products.
Whoop Names Kyle Leahy Chief Commercial Officer
Leahy joins the wearables brand from Glossier, where she was chief executive for three years.
Chinese Jeweller Laopu Gold’s Shares Drop on Growth Outlook
The jeweller lost $2.1 billion in market value after forecasting first-half 2026 revenue growth of up to 66 percent, a sharp slowdown from last year that unsettled investors in one of China’s most viral consumer brands.
Unilever Lifts Outlook on Strongest Volume Growth in Over A Decade
Unilever upgraded its annual forecast on Tuesday, as consumers reached for brands like Vaseline and Dove despite household budget concerns stemming from the Iran war.
J&J to Pay $5.5 Billion to Settle Talc-Related Cancer Claims
Johnson & Johnson on Monday said it agreed to a $5.5 billion commitment to resolve years of litigation related to claims that its talc products caused ovarian cancer.
Lenzing Closes UK, Austria Sites in Turnaround Bid
The closures are the latest in a series of cost-cutting and refinancing measures at the textile maker, which has faced headwinds from competition in China and India.