Thursday, August 26, 2004

WSJ.com - Luxury-Goods Firms Are Hunting Copycats as Web Market Expands

WSJ.com - Luxury-Goods Firms Are Hunting Copycats as Web Market Expands "Tiffany & Co. grabbed headlines with its lawsuit against online-auction company eBay Inc., but the suit is just part of a larger effort the world's largest luxury-goods companies are using to thwart online counterfeiting.
The stakes are high: In the past 10 years, the Internet has overtaken even New York's copycat central, Canal Street, to become the third-biggest market for the sale of counterfeit goods, behind China and Italy.
Other industries have launched scare campaigns and sued buyers, but luxury-goods companies hawking such things as diamond tiaras to rasta-striped handbags are training their guns on the sales channel -- and that usually means eBay, though Google Inc. and Yahoo Inc. could be future targets."
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