Insight and investigations from our expert reporters
Reuters trade correspondent in Washington Doug Palmer had an unusual assignment: buy a fake Louis Vuitton handbag on the Internet, and take it to a LVMH store for a comparison test, before handing it over to U.S. authorities.
What was startling was how easy it was to find websites selling a dazzling array of stuff online. This is the new face of
piracy and its costing businesses billions. No need to skulk around back alleys or some pirate’s rental van to browse through footwear, watches, DVDs and whatnot. Just pick out your LV shoulder tote from a virtual catalog on a website based in China. It looks and feels like the real thing at a fraction of the price.
Counterfeit goods ranging from shoes to software seized by the U.S. government on display at the National Intellectual Property Rights Coordination Center in northern Virginia, October 7, 2010. REUTERS/Jason Reed
The bulk of these goods comes from China. The workshop of the world is also the sweatshop oif the world when it comes to making fake goods.
Special reports are the best of the best from Reuters, and this is the place to find them. We’ll be featuring investigative stories, in-depth profiles and long-form narrative stories here.
Reuters has a global Enteprise Reporting team with editors in New York, London and Singapore, drawing on the work of some 2,900 journalists in 200 bureaus around the world.