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CDI - Christian Dior SE News Story

€627 15.0  2.5%

Last Trade - 07/05/21

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £98.47bn
Enterprise Value £144.35bn
Revenue £38.87bn
Position in Universe 8th / 848

Chinese police seize $120 mln of fake cosmetics

Thu 16th February, 2017 12:46am
SHANGHAI, Feb 16 (Reuters) - Chinese police have seized a 
huge haul of counterfeit cosmetics, including ones labelled as 
Chanel, Christian Dior  DIOR.PA , L'Oreal SA's  OREP.PA  Lancome 
and Estée Lauder, with a combined street value of around 827 
million yuan ($120 million). 
    Police forces in the eastern city of Taizhou busted seven 
underground dens earlier this month and seized over 1,200 boxes 
of the counterfeit make-up, local authorities said late on 
Wednesday via an official Sina Weibo microblog. 
    Police identified the counterfeit cosmetic gangs last year 
after reports of fake Amway products being sold online. 
    The cosmetics bust underlines the challenge brands face in 
China, where counterfeit and knock-off products can range from 
personal care items to food products, medicines and even cars. 
    The country has been trying to step up a crackdown on fakes, 
with authorities opening more than 170,000 intellectual property 
infringement and counterfeit product cases last year and 
arresting nearly 20,000 suspects. 
    ($1 = 6.8685 Chinese yuan renminbi) 
 
 (Reporting by Adam Jourdan; Editing by Michael Perry) 
 ((adam.jourdan@thomsonreuters.com; +86 21 6104 1778; Reuters 
Messaging: adam.jourdan.thomsonreuters.com@reuters.net)) 
 
Keywords: CHINA COSMETICS/FAKES
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