High cost of buying fake goods
Ramaru said counterfeiting was a problem in South Africa and the rest of the world, and seen as a major crime by international police.
Between 5 and 7 percent of the world’s turnover comes from counterfeiting, said the World Counterfeiting Organisation, and the damage is not only financial.
http://www.iol.co.za/news/crime-courts/high-cost-of-buying-fake-goods-1.1877949#.VZI9yBuqqko
Lear MoreFake Chinese dietary supplements, pharmaceuticals, cosmetics smuggled into Vietnam in bulk
They have been illegally transported in bulk in a more sophisticated way than before, the National Steering Committee on Combating Smuggling, Commercial Fraud, and Counterfeit Goods (Steering Committee 389) said during the event in Hoi An City in the central region.
Lear MoreKLIA customs foil RM4m cigarette smuggling attempt
Kuala Lumpur International Airport (KLIA) Customs Department seized 40,000 cartons of cigarettes with unpaid duties amounting of RM4 million on June 24.
KLIA Customs director Datuk Chik Omar Chik Lim said in the 5pm operation, a 40-feet container was impounded at West Port in Port Klang which was carrying goods from China.
http://www.thesundaily.my/news/1474841
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Beijing Police Shut Down Massive iPhone Counterfeiting Operation
Beijing police shut down a massive iPhone counterfeiting operation where nine people were arrested. The Guardian reports Beijing officials raided a factory that produced over 41,000 fake iPhones worth $19 million. The factory was run by a husband-and-wife team under the cover of a gadget maintenance shop. Their six assembly lines were set up in January, employing hundreds of workers to piece together secondhand smartphone parts to pass off as iPhones for the export market. The raid took place on May 14. According to the Globe and Mail, Apple is the most popular brand in China and has been counterfeited many times. Authorities in China are starting to crack down on all fake Apple products. The country has been known for turning out counterfeit goods. According to Fortune, the International Chamber of Commerce estimated the global value of all counterfeit goods reached $1.7 trillion, and China accounted for 70 percent of all counterfeits seized globally.
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72andSunny, Tillamook Declare Independence From Fake Cheese
The Fourth of July is a time for Americans to celebrate all things Americana, like hot dogs, fireworks, and picnics. But this year, Tillamook County Creamery Association and its ad agency 72andSunny are launching an awareness campaign about an American imposter: “American” cheese. In reality, “American Cheese” isn’t cheese at all. When packaged and sold in the aisle, it’s called “processed cheese product” because according to the FDA, it can’t be sold as real cheese.
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Large quantity of packaged water bearing fake ISI mark seized in Pune
A city company engaged in manufacturing of packaged drinking water was raided by the officialsofBureau of Indian Standards (BIS) here in which a “very large quantity” of the product was seized.
“BIS raided Sohail Enterprises in Kondhava area of Pune and seized a very large quantity of 20 litre ‘Pet Jars and Cool Jars’ of packaged water with spurious BIS standard mark (ISI) with brand name “Re–Once” without valid licence,” a BIS release said today.
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Counterfeit products drive fashion industry to improve, study suggests
If you’re an authentic fashionista, you likely turn up your nose at those knockoff Gucci loafers or fake Giuseppe Zanotti pumps. While fake designer goods are certainly illegal, a new study says counterfeits might actually be a good thing for the fashion industry.
The study out of the University of British Columbia says that when counterfeit products are fooling too many customers, fashion labels are forced to “step up their design game” to set themselves apart from the copycats.
How mobile shopping is giving the cycle trade counterfeiting headaches
With retail spend via mobiles and tablets forecast set to hurtle toward £53.6bn a year inside the next decade, it’s little wonder that investment in and downloads of shopping apps are also soaring.
At the present rate, consumers are plunging £9.7 billion a year into retail via smartphones and tablets, with some studies suggesting the sale conversion rate on apps is further growing an already booming online trade. According to one such study by Barclays, 42 per cent of all retail sales now involve a mobile device at some stage of the purchase.
http://www.bikebiz.com/news/read/are-mobile-shopping-apps-now-selling-cycling-fakes/018039
Lear MoreFake designer goods drive luxury brands to ‘step up their game
From fake Fendi bags to Rolex replicas and knock-off Nikes, the global trade of counterfeit goods is booming.Although the abundance of phoney products often results in lost revenue for the authentic brand, a new study from the University of B.C. suggests there may be a silver lining to all those fake goods.
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The Dangers of Fake Makeup Brands & Counterfeit Cosmetics Online Part 2
Naked 5 Palettes? Ridiculously discounted designer makeup? If it sounds too good to be true, it’s probably fake! Counterfeit cosmetics are a serious issue not only for the beauty industry, but they are also hazardous to your health.
If you’re not sure how to spot a makeup fake, we’ve got you covered. Andrew Brodsky is the Commercial Director of NetNames, aa firm specializing in online brand protection and anti-counterfeiting services. Listen up and follow the tips this pro says will help you steer clear of the makeup posers out there.
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