FAKE news and archive

Counterfeiting costs economy billions

The International Chamber of Commerce has published a report in which it states that product piracy and counterfeiting "is growing at a more dangerous rate than ever" and is costing the world economy an estimated $600 billion (£336 billion) a year in lost sales. The Paris-based group, which has affiliates in 140 countries, recommends that...

Fashion

Fakes put to good use

Victims of Hurricane Katrina can look forward to sporting some knock-off designer duds, which have been seized by federal customs officials. Not that they will be concerned with trivialities such as 'fake' versus 'real'. In one of the greatest natural disasters in recent times, hundreds of thousands have been rendered homeless with nothing but...

Fashion

Fake Shoppers

Around one-third of consumers admit they would knowingly buy a fake product if it was inexpensive enough, according to a new survey.While two-thirds say they are against counterfeiting, authorities say there remains a percentage who fail to be convinced. Counterfeiting is estimated to cost trademark owners around GBP 9 billion a year. Trading...