Fake sports equipments caused 850 million euros losses in the EU last year
The sale of fake sports equipment, such as footballs, sports helmets, tennis rackets, skis, gym equipment and skateboards, costs legitimate EU manufacturers 850 million euros last year.
A new study from the Office for Harmonization in the Internal Market (OHIM), shows that the sales lost due to counterfeiting of sports equipment –not including sportswear– correspond to 6.5 percentof all sales in this sector across the 28 EU Member States.
The study also shows that approximately 6,000 jobs are lost in this sector throughout the EU, as manufacturers sell less than they would have done in the absence of counterfeiting, and therefore employ fewer people. (MTI)
Related news
The EU is investing €140 million to introduce generative artificial intelligence in the agri-food industry
The European Commission has launched four new calls for proposals…
Read more >EU poultry exports increase
According to the European Commission, the EU27’s poultry exports increased…
Read more >EU directive: next year we will be able to find out how much our colleagues earn
The EU’s Pay Transparency Directive requires member states to comply…
Read more >Related news
In the Shadow of Price Margin Caps: Easter Shopping in Hungary, 2025
This year’s Easter shopping season in Hungary was less about…
Read more >Disrupted market, uncertain future – foot-and-mouth disease epidemic could have serious consequences
The outbreak of foot-and-mouth disease (FMD) in Hungary has triggered…
Read more >The pace of consumer price inflation in the euro area slowed in March
Annual inflation in the euro area fell in March, as…
Read more >