The Economic Threat From Counterfeiting
A few weeks ago PSFK read the news in the UK's Telegraph about LVMH's decision to fight the counterfeiters. The task may be a little harder than the luxury group...
A few weeks ago PSFK read that the LVMH group – which includes Louis Vuitton, Dior, Givenchy and Celine – is also planning to take on the imitators”>news in the UK’s Telegraph about LVMH’s decision to fight the counterfeiters. The task may be a little harder than the luxury group thinks, according to another report in the international Herald Tribune.
According to the paper the $600 Billion Counterfeiting business is "out of control" and argues that the business is an economic threat due to the stifling impact on innovation and entrepreneurs.