Ever wonder if a deal on a designer good is too good to be true?
Harper’s Bazaar is working tirelessly to take down the production of conterfiet mechandise. Their website www.fakesareneverinfashion.com provides great information on how not to be fooled by a fake and shows what happens when money goes towards this fake trade.
Not sure if you’re about to buy the real deal, check out Bazaar’s tips: http://www.fakesareneverinfashion.com/fakes_real_deal.asp
Statistics from Bazaar’s Numbers to Know Page:
$600 Billion
Estimated annual sales in counterfeit products worldwide
$512 Billion
Global sales lost to counterfeit goods
$250 Billion
Annual loss to American companies from intellectual property theft
$20 Billion
Estimated loss to American companies from counterfeit products
$1 Billion
Estimated annual loss in New York City tax revenues due to counterfeiting
750,000
Number of jobs lost due to intellectual property theft in the United States
10%
Estimated percentage of fakes among all goods produced worldwide every year
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