Consumer Goods & Media

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  OECD gauges impact of counterfeits on UK economy

  In 2021, the value of fake and pirated goods imported into the UK amounted to £7.1bn, 1.5 per cent of the total.

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  Michael Schmid elected new president of Eurojust

  Schmid will take up office on November 15 for a four-year term, replacing current president Ladislav Hamran.

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  Brand protection firm Ennoventure raises $8.9m

  Cash injection will help the company expand its AI-powered authentication platform on the international stage.

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  €200m fake art network busted with 38 indictments

  Network of forgers in Spain, France and Belgium were planning to sell the artworks in Italian auction houses.

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  Amid EU probe, Temu mulls joining anti-fake group

  Chinese online retailer is discussing signing up to the EC's Memorandum of Understanding agreement.

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  TikTok Shop publishes first IP rights report

  Company has also taken issue with calls to include its marketplace in the forthcoming 2024 Notorious Markets list.

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