Word: high-end
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Your article on counterfeit luxury merchandise, "The Purse-Party Blues" [Aug. 2], never asked why Louis Vuitton or any other high-end manufacturer deserves to be paid $1,500 for a handbag when, as you reported, "a 40-ft. container filled with fake bags can turn a profit of $2 million to $4 million" at $35 a purse. Is the quality of the real designer bag truly worth so much more? Perhaps not, since the president of the International Anti-Counterfeiting Coalition maintains that "the machines that companies use as legitimate manufacturers are also available to the bad guys...
...high-end models include a $450 Bose pair with 360° sound dispersion. The speakers are also waterproof, so they should be safe during splashy poolside parties...
...Lagerfeld, who previously designed products for the French mass-market chain La Redoute, follows the relatively new trend of high-end designers' dipping down into popular-priced retail. In the 1970s Halston shocked the fashion world when he sold his name to the U.S. department store J.C. Penney and launched a less expensive collection. Next month Oscar de la Renta will introduce a new moderate line, O Oscar, that will retail for less than $100. "We're certainly going to see more of this," says Marshal Cohen, chief analyst for NPD Group, a New York-based trend-tracking firm...
That's a question that infuriates the luxury-goods manufacturers, the chief victims of what has become a global counterfeit-buying spree. There's nothing new about copying in the fashion business, of course. Product ideas have always trickled down from the high-end runways to the mass market. In the past, designers often took pride in their work being copied. But that was before counterfeiting became a multibillion-dollar, multinational business. Knock-off luxury products--particularly the bogus designer bags coming out of China, where the majority of them originate--have become a mortal threat. "Ten years...
...INDICATORS Crowded Skies Life In The Fast Lane Russian tycoon Nikolai Smolenski, 24, bought the high-end British sports car manufacturer TVR - 400 staff, 800 cars per year - for a reported $27 million. Smolenski plans to make the company a "global player...