July 13, 2010
I wish people would try to understand the magnitude of this problem. I wrote an article a couple years back regarding the same issues. see: here. stylelistsays: Luxury Brands Losing $250 Billion a Year to Counterfeit Goods  It seems despite an increased crackdown on traffickers of counterfeit goods, the business of selling fakes is booming more than ever.  Most of the fake products are coming from China and the International AntiCounterfeiting Coalition estimates that these illegal operations cost oft-imitated luxury companies like Chanel, Louis Vuitton, Coach, Burberry, Gucci, and others around $250 billion a year in lost sales, which translates to 750,000 lost jobs. According to Kris Buckner, a counterfeit investigator interviewed on CNBC’s upcoming special “Crime Inc.: Counterfeit Goods” (Wednesday, July 14, at 9pm ET/PT), the dangerous end result of buying counterfeit goods is unknown to many customers. “Sales of counterfeit goods have been tied to street gangs and terrorist organizations,” he says. “There’s a lot of implications from the sales of counterfeit goods that I don’t think the general public knows or understands.” Full story on StyleList after the jump. [Ain’t nothing like the real thing. A sea of counterfeit/pirated luxury bags. Photo: AFP/Getty Images]

I wish people would try to understand the magnitude of this problem. I wrote an article a couple years back regarding the same issues. see: here.

stylelistsays:

Luxury Brands Losing $250 Billion a Year to Counterfeit Goods 

It seems despite an increased crackdown on traffickers of counterfeit goods, the business of selling fakes is booming more than ever. 

Most of the fake products are coming from China and the International AntiCounterfeiting Coalition estimates that these illegal operations cost oft-imitated luxury companies like Chanel, Louis Vuitton, Coach, Burberry, Gucci, and others around $250 billion a year in lost sales, which translates to 750,000 lost jobs.

According to Kris Buckner, a counterfeit investigator interviewed on CNBC’s upcoming special “Crime Inc.: Counterfeit Goods” (Wednesday, July 14, at 9pm ET/PT), the dangerous end result of buying counterfeit goods is unknown to many customers. 

“Sales of counterfeit goods have been tied to street gangs and terrorist organizations,” he says. “There’s a lot of implications from the sales of counterfeit goods that I don’t think the general public knows or understands.”

Full story on StyleList after the jump.

[Ain’t nothing like the real thing. A sea of counterfeit/pirated luxury bags. Photo: AFP/Getty Images]

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  1. fashdesigner reblogged this from stylelistsays
  2. aileeenlun reblogged this from stylelistsays
  3. almamusical answered: Being a designer myself. I am strongly against knock offs, its a disrespect to the craft and it doesn’t make you look good either.
  4. ladywanderlust answered: Since learning the fake handbag/funding terrorism link, I’ve been on my soapbox about this. My friends roll their eyes. Those fakers!
  5. happilyweird reblogged this from stylelistsays
  6. happilyweird reblogged this from stylelistsays
  7. eddiecourtney reblogged this from stylelistsays
  8. eddiecourtney answered: Unacceptable. I can’t express how much hate I have for fakes.
  9. amusemi answered: Most people who buy the countefeits can’t afford the real ones, they were ever going to buy the real ones from the start.It’s still unethical
  10. brittneecann reblogged this from stylelistsays and added:
    I wish people would try...wrote an article a couple years back regarding
  11. herseey1114 reblogged this from stylelistsays and added:
    I think it needs new law because their technology(makes counterfeit) has been evolving,and It’s so difficult for...
  12. thelittleweaver answered: “we” are led to believe that they need to have the status symbol that items like this project. the only way is buying fakes. I say go for it.
  13. stylelistsays posted this
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