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The ethics of purchasing knock-offs are thorny at best. There is no transparency into who is stitching fake bags, under what conditions they are doing so, and who profits, but other deterrents for ...
The most expensive Birkin bag to sell publicly to date was at a Sotheby’s auction in 2022, where the “Diamond Himalaya Birkin,” a bag studded with 205 white diamonds, sold for over $450,000 ...
Raids on storage facilities in New York City turned up a huge haul of counterfeit handbags, shoes and other luxury merchandise that could have been worth more than $1 billion if the knockoffs had ...
Counterfeit goods can be found in nearly every industry, from luxury products like designer handbags and watches to everyday goods like electronics and medications. Typically of lower quality, counterfeit goods may pose health and safety risks. Various organizations have attempted to estimate the size of the global counterfeit market. [2]
A dupe (duplicate) or knockoff is a product similar in appearance, functionality, or design to a higher-end, often more expensive, branded item but sold at a much lower price. Unlike counterfeit products , dupes do not copy trademarked brand names or logos and are often sold at mainstream retailers.
Similarly, if a merchant has a deep discount sale, that is not a bulk sale as deep discounts can be made in the ordinary course of business. In the modern era, many retail businesses operate on consignment or short credit terms and so compliance with bulk sales registration in the purchase of such a business, or its assets, is generally mandatory.
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