10% of EU Clothing and Footwear Sales are Counterfeit

A new study by the Office for Harmonization in the Internal Market (OHIM) states that counterfeits account for nearly 10% of the total sales in the EU textile and clothing sector.  This equates to more that EUR26bn (US$28.8bn) and up to 363,000 jobs being lost per annum due to counterfeit clothes, shoes and accessories.

The European apparel and textile confederation Euratex is urging the EU to take action in the fight against counterfeiting and piracy by combating the problem both within the EU and by ensuring that imported counterfeit clothing are intercepted and perpetrators brought to justice.

Full article: http://www.just-style.com/news/fakes-take-10-of-eu-clothing-and-footwear-sales_id125841.aspx