The EU clothing sector faces a €12 billion annual loss due to counterfeit goods, 5.2 per cent of its turnover, as per an EUIPO study.
Counterfeiting led to 160,000 job losses in the sector from 2018-2021.
Germany, France, Italy, Spain, and Austria suffered nearly €8 billion in sales losses.
The study also notes counterfeiting’s links to environmental harm.The EU clothing sector faces a €12 billion annual loss due to counterfeit goods, 5.2 per cent of its turnover, as per an EUIPO study.
Counterfeiting led to 160,000 job losses in the sector from 2018-2021.
Germany, France, Italy, Spain, and Austria suffered nearly €8 billion in sales losses.
The study also notes counterfeiting’s links to environmental harm.
