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Counterfeiters
The inexorable rise of ‘Made in Europe'fakes

Counterfeiters are having products assembled locally in Europe, complicating still further efforts to clamp down on the fake goods trade.© Studio Pachamama

European customs and anti-counterfeiting agencies are facing a new challenge. In addition to importing ever more fake luxury goods into the continent, counterfeiters are developing networks of local manufacturers, particularly in France and Italy.

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Families

Vilgrain family's Paris townhouse up for sale

Sotheby's has put the 400m2 property on the Left Bank of the French capital on the market for an asking price of €38m.

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Houses

To know where to cut, Estée Lauder redraws its maps

After its turnover fell 6% last year, the beauty giant has revised the way it presents its accounts, breaking down by region the costs that were mainly weighing on the US branch and affecting its results.

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Dior traces counterfeit sneakers to Paris suburb

LVMH's flaghhip house is clamping down on the sale of low-cost knock-offs of its products. In this drawn-out war, Dior recently scored a victory against a wholesaler who imported and distributed copies of its best-known sneakers.

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Entourage

World Jewellery Confederation airbrushes lab-grown diamond threat at annual congress

The jewellery industry champion recently marked its 100th anniversary in grand style with a three-day jamboree in Paris. But over the course of the event, co-sponsored by De Beers and attended by all the leading players in the natural diamond industry, there was manifest unease over the increasing competitive threat posed by synthetic diamonds.

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Two years on from its launch, is Vinted's authentication service working?

Designed to help it expand into the secondhand luxury market, the online marketplace's verification system, launched in late 2023, has failed to live up to expectations. Authentication labels have been faked and verification errors have been made, all serving to undermine consumer trust.

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