4/05/2015

Salvatore Ferragamo fight against fake products




 Last year Salvatore Ferragamo, the Florence-based luxury label , blocked, seized or destroyed more than 100,000 fake products in a “fierce global battle against counterfeiting” focused on China and the internet. 


Men’s belts were the most commonly counterfeited item, a spokesperson said. Leather belts bearing the brand’s distinctive “double Gancini” metal buckle are sold for between €250 and €1,500, although fakes were being offered for a fraction of this cost.

Handbags were the second most copied items, followed by shoes for both men and women.

Taken together with 1,500 counterfeit products seized by Chinese customs authorities as they left the country, Ferragamo said the total estimated sales value of the goods exceeded $7m.

As part of the probe, the label increased the number of ecommerce sites it monitored and recovered or cancelled more than 350 domain names and illegal websites in 2014.

“In China, we have also expanded our offline checks, targeting trade fairs and resellers in particular,” said Ferruccio Ferragamo, chairman of the Salvatore Ferragamo Group. 

“Also in China, the 2013 ruling against a high-end hotel whose store sold counterfeit products was upheld on appeal. We will further intensify our commitment to fighting counterfeiting in 2015, both to protect our intellectual property rights and to defend our customers. In this way, we will continue to fight this war with great determination, expanding controls both online and offline and ramping up anti-counterfeit measures, including with the customs authorities.”

The group attributed its success to increasing co-operation from local and international legislators, who are becoming aware of the seriousness of the problem and are “updating legislation to defend the rights of those suffering the effects of piracy and fakes”.

The problem of counterfeiting is estimated to cost European brands $7.5bn (£5bn) a year, according to the World Customs Organization, which estimates that 10 per cent of total world trade in the fashion industry is counterfeit.

Luxury groups are increasingly working with online companies to crack down on counterfeiters. Last July British label Burberry signed deals with Amazon and China’s Tmall to remove unauthorised distributors of Burberry goods.

Ebay has a program under which brands can report sellers who are engaging in copyright infringements so the online marketplace can remove them.


 edited from Financial Times