Host of counterfeit purse parties receive 8 percent of sales
Source: Evelyn Thesis, “Counterfeit purses find eager buyers at parties,” Cleveland Plain Dealer, December 17, 2006.
Counterfeit Purses Market Value: $70 Million
Counterfeit Purses are products that are sold as brand items without the authority of the legitimate brand name owner.
One company estimates losses up to $70 million to counterfeit purses.
Source: Caitlin Ingrassia, “Knockoffs Go Suburban,” Wall Street Journal, January 16, 2004.
1 million fake bags and wallets produced in South Korea each year
At least 1 million counterfeit purses and wallets are estimated to be manufactured in South Korea annually.
Source: Velisarios Kattoulas, ” Counterfeiting: Bags of Trouble,” Far Eastern Economic Review, March 21, 2002.
Best fake bags come from South Korea
Reuters reported that “market vendors throughout Asia seem to agree that the best fake handbags are manufactured in South Korea.”
Source: Reuters, “Counterfeit goods are linked to terror groups,” International Herald Tribune, February 12, 2007, (accessed: March 3, 2007).
Container of purses can turn profit of millions
A report in Time Magazine stated that “a 40-ft. container filled with fake bags can turn a profit of $2 million to $4 million.”
Source: Katie Betts, “The Purse-Party Blues,” Time, August 2, 2004, (accessed: March 3, 2007).
