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HIKITAG AND INSTANTLUXE.COM COLLABORATE IN ORDER TO PREVENT ONLINE COUNTERFEIT SALES

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Counterfeit products are a problem for consumers, designers and retailers alike. E-commerce companies like Alibaba have reported that they lose perhaps five customers for every one counterfeit item sold. Recently Michael Kors demanded that Alibaba be banned from the International AntiCounterfeiting Coalition because of the damage it was causing. “Alibaba has …

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Alibaba Moves to Stop Counterfeits on its Websites

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Washington—Following some scathing comments of the U.S. Trade Represenative, Alibaba has brought in a former counterfeit-battling executive from Apple to battle its problem of fake goods. Matthew Bassiur , who was vice president Deputy Chief Security Officer at Pfizer, now will become Vice President, Head of Global Intellectual Property Enforcement at …

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Research Shows a Staggering 24% of Consumers Have Been Duped by Online Counterfeiters

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San Francisco—Almost one quarter of consumers have bought a product online that turned out to be counterfeit, including fashion or footwear, electronics and digital content. This is according to new research commissioned by MarkMonitor, a leader in enterprise brand protection. The survey, conducted by a leading market research company Opinium, …

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Tiffany Wins over $2 Million Judgment Against Counterfeiters

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Companies selling counterfeit Tiffany jewelry just got a rude awakening. The United States District Court for the Southern District of Florida just awarded Tiffany & Co. $2.2 million in damages against 78 website operators (i.e. TiffanyandCoMall.com and TiffanycoOutlet.co.uk) selling counterfeit Tiffany jewels online. The judgment ordered the domain names transferred …