Counterfeit goods on the agenda at TFWA World Exhibition & Conference

The threat posed by the influx of counterfeit goods to the luxury goods market is on the agenda of a newly announced workshop at the 2014 TFWA World Exhibition & Conference, which takes place in the Palais des Festivals, Cannes from 26 to 31 October. “Estimates from OECD value the global counterfeit market at between US$600 billion and US$700 billion per year, and we know that the counterfeit goods market is a huge problem for premium brands, many of whom are members of TFWA,” said TFWA President Erik Juul-Mortensen. “Although our industry is successful in ensuring that goods offered in duty free & travel retail outlets are sourced from genuine suppliers, the threat of fakes is always present and indeed growing as miscreants become ever more inventive.”

 

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