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Counterfeit Brands

All articles tagged with #counterfeit brands

crime2 years ago•2 min saved

Authorities Seize Counterfeit THC Snacks, Issue Halloween Candy Warning

North Carolina officials have seized nearly $170,000 worth of THC-infused snacks and candy packaged using counterfeit brands like Skittles and Oreos. The operation, led by the North Carolina Secretary of State, targeted vape shops in eastern North Carolina and resulted in the removal of edibles that could be deceptive and appealing to children and teenagers. The packaging featured cartoon characters or other images attractive to young people. The officials also seized weapons and other illegal drugs, and one individual was arrested on felony drug charges. Reports of cannabis edible poisonings in children under 12 have increased by nearly 700% since 2018.

via Fox Business|

#counterfeit-brands #crime #drug-seizures

business2 years ago•3 min saved

Birkenstock's IPO Filing Highlights Facebook Knock-off Risk

Birkenstock, the iconic sandal maker, has filed for an IPO and warned investors about the risks posed by counterfeit brands using social media to promote their products. The company, which has struggled to protect its intellectual property, highlighted the threat of knock-off products on platforms like Facebook, which could damage its reputation. Birkenstock previously quit Amazon due to counterfeit sales and unauthorized sellers. The company has since expanded its direct-to-consumer efforts in e-commerce, with that channel representing 38% of revenue. After the IPO, L Catterton will continue to own a majority stake in Birkenstock.

via CNBC|

#birkenstock #business #counterfeit-brands