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In 2016, in a span of 3-day period, Instagram has identified 20,892 fake accounts selling counterfeit goods, collectively responsible for 14.5 million posts, 146,958 new images and gaining 687,817 new followers, with Chanel (13.90%), Prada (9.69%) and Louis Vuitton (8.51%) being the top affected brands according to a study from The Washington Post.
They confiscated 63,000 items of clothing, shoes and leather goods, including fake Louis Vuitton and Nike products, and threw them into garbage compactor trucks on the spot. Ten people were arrested.
Counterfeit watch. A counterfeit watch (or replica watch) is an unauthorised copy of an authentic watch. High-end luxury watches such as Rolex, Patek Philippe and Richard Mille are frequently counterfeited and sold on city streets and online. With technological advancements, many non-luxury and inexpensive quartz watches are also commonly ...
Producers at CNBC said the vendors hustled customers on the street, "ushering tourists into hidden showrooms and apartments to spend $100 for a fake bag rather than $1500 for the real thing."
For six consecutive years (2006–2012), Louis Vuitton was named the world's most valuable luxury brand. Its 2012 valuation was US$25.9 billion. [7] In 2013, the valuation of the brand was US$28.4 billion with revenue of US$9.4 billion. [8] The company operates in 50 countries with more than 460 stores worldwide.
In June 2023, MSCHF sold a microscopic 'Louis Vuitton' handbag for over $63,000 through an online auction. MSCHF utilized this drop to provide commentary on the prioritization of designer brands over functionality of bags. In April 2024, MSCHF releases Candy AirPods.
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