Impact of Counterfeits to UK Luxury Market

According to the Anti-Counterfeiting Group, the luxury market in the United Kingdom losses up to 10 percent of sales to counterfeit goods. The entire luxury market in the UK is worth $372 Billion (£234 Billion), thus around $37 Billion in sales is lost to counterfeits.

Source:  Laura Chesters, “Far East fakes: The burgeoning underworld of counterfeit goods ,” Independent, November 9, 2012.