Counterfeit crackdown in Vietnam targets Rolex, Prada, Gucci
Vietnamese authorities have seized thousands of fake products, including imitation Rolex watches and Prada handbags, during a raid at a shopping mall in business hub Ho Chi Minh City, state media reported on Friday.
The raid at Saigon Square shopping mall comes as Vietnam steps up its fight against counterfeits and digital piracy, after the United States accused the country of being a major hub for these illegal activities and threatened crippling tariffs.
Earlier in May, Reuters reported fake luxury goods were on display in the mall, which is on the list of "notorious markets for counterfeiting" published in January by the U.S. Trade Representative.
The items seized also included alleged fake products of other brands, including Longines, Gucci, Louis Vuitton, Dior and Hermès, state radio broadcaster VOV reported.
"All of these products show signs of counterfeiting genuine goods, seriously affecting the interests of consumers as well as the reputation of protected brands in Vietnam," the report cited the trade ministry's market surveillance department.
An employee of the mall confirmed the raid on Friday.
"We lease the space to the sellers and are not aware of the origins and authenticity of the products they sell," the employee, who declined to be named, said by phone.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
France 24
16 hours ago
- France 24
Ukraine says it destroyed more than 40 Russian bomber planes deep inside territory
Ukraine attacked Russian nuclear-capable long-range bombers at a military base in Siberia on Sunday, the first such attack so far from the front lines more than 4,300 km (2,670 miles) away, according to pro-Russian bloggers. Unverified video and pictures posted on social media showed Russian strategic bombers – whose purpose is to drop nuclear bombs on distance targets – on fire at the Belaya air base north of Irkutsk. Reuters was unable to immediately verify the footage but in Kyiv, a Ukrainian intelligence official said that Ukraine's domestic security agency, the SBU, conducted a large drone attack on over 40 Russian military aircraft. The Ukrainian source, speaking on condition of anonymity to Reuters in Kyiv, said the struck aircraft included Tu-95 and Tu-22 strategic bombers, which Russia uses to fire long-range missiles at Ukraine. The claim would mean that Ukraine damanged $2 billion worth of Russian aircraft parked at airbases thousands of kilometres away. The source said Russian airbases in the eastern Siberian city of Belaya, in Olenya, up in the Arctic near Finland, and in Ivanovo and Dyagilevo, both east of Moscow, had been targeted. The source said the co-ordinated attacks inside Russia were "aimed at destroying enemy bombers far from the front". Igor Kobzev, the governor of Irkutsk, said that there had been a drone attack on a military unit near the village of Sredny in the Usolsky district, but did not mention strategic aviation. In video that he posted on Telegram, drones could be heard flying overhead as a giant plume of smoke rose into the sky. He said, though, that it was the first such attack in that part of Siberia – and added that the number of drones in the attack was unclear. The drones, he said, had been launched from a truck. The Belaya, or Sredny, airbase is located near the village of Sredny, and hosts Tupolev Tu-22M supersonic long-range strategic bomber, according to open source details about Russia's armed forces. There was also a Ukrainian drone attack in the Murmansk region of northern Russia, according to local officials. The Olenya airbase, which also hosts strategic aviation, is located in the Murmansk region, according to open source data.
Fashion Network
2 days ago
- Fashion Network
Skechers shareholder sues footwear maker for details on $9.4 billion 3G buyout
The complaint cited a Reuters article in which Needham analyst Tom Nikic called the buyout "very surprising" because Skechers was considered a family business. Sources said the Greenbergs eschewed an auction because of their long ties to 3G. Known for comfort-first sneakers, Skechers is the world's third-largest footwear maker. Skechers spokeswoman Jennifer Clay declined to comment on Friday, saying the Manhattan Beach, California-based company does not discuss pending litigation. The vast majority of large U.S. corporate mergers are challenged in court. Lawsuits seeking greater disclosures often end with defendants paying legal fees to plaintiffs' lawyers, and plaintiffs recovering nominal payouts or nothing. According to a regulatory filing, Greenberg, 85, could collect more than $1 billion from the buyout, which is scheduled to close in the third quarter. The buyout values Skechers at $63 per share in cash, 20% below its 52-week high of $78.82 set on January 30. Like other footwear makers including Nike, Skechers faces pressure from U.S. President Donald Trump 's tariffs. Many Skechers products come from China, and the company withdrew its full-year financial guidance in April. Brazil-based 3G is known for stringent cost-cutting, including at such companies as Anheuser-Busch InBev and Kraft Heinz. The case is Key West Police Officers & Firefighters Retirement Plan v. Skechers USA Inc. et al, U.S. District Court, Central District of California, No. 25-04863.
Fashion Network
3 days ago
- Fashion Network
Counterfeit crackdown in Vietnam targets Rolex, Prada, Gucci
Vietnamese authorities have seized thousands of fake products, including imitation Rolex watches and Prada handbags, during a raid at a shopping mall in business hub Ho Chi Minh City, state media reported on Friday. The raid at Saigon Square shopping mall comes as Vietnam steps up its fight against counterfeits and digital piracy, after the United States accused the country of being a major hub for these illegal activities and threatened crippling tariffs. Earlier in May, Reuters reported fake luxury goods were on display in the mall, which is on the list of "notorious markets for counterfeiting" published in January by the U.S. Trade Representative. The items seized also included alleged fake products of other brands, including Longines, Gucci, Louis Vuitton, Dior and Hermès, state radio broadcaster VOV reported. "All of these products show signs of counterfeiting genuine goods, seriously affecting the interests of consumers as well as the reputation of protected brands in Vietnam," the report cited the trade ministry's market surveillance department. An employee of the mall confirmed the raid on Friday. "We lease the space to the sellers and are not aware of the origins and authenticity of the products they sell," the employee, who declined to be named, said by phone.
