![](https://www.ficcicascade.in/wp-content/uploads/2018/08/ap_090928014472-cropped.jpg)
Fakes are costing Europe’s fashion industry
It’s exceedingly easy to buy knock-offs of European luxury brands. They’re so common people hardly pay them any mind. But their prevalence is actually a major problem, and it’s undermining Europe’s fashion industry.Counterfeits cost European brands the value of 9.7% of their total sales every year, or a staggering €26.3 billion ($28.7 billion), according to a new report by Europe’s Office for Harmonization in the Internal Market (OHIM). Those lost sales ripple outward, resulting in approximately 363,000 lost jobs across the manufacturing, retail, and wholesale sectors of Europe’s fashion industries.
Related Posts
P80-M worth of smuggled, fake cigarettes found in Malabon, Manila
An anti-cigarette smuggling task force uncovered smuggled and fake cigarettes...
Man gets year in prison for smuggling cigarettes from Missouri
A Chicago man has been sentenced to a year in prison after pleading guilty to...
Former NC correctional officers accused of smuggling cellphones, contraband to inmates
Two former state correctional officers were charged Monday in federal court in...
Organised crime could benefit from change in cigarette laws, says Bury North MP David Nuttall
GANGSTERS could benefit when branding is removed from cigarette packaging, Bury...