DIRS.INFO The most relevant business & tech news

☆ Shein is trying to broaden its appeal by luring luxury brands like Stuart Weitzman and Paul Smith to sell products on its marketplace
▼ + stars: | 2023-07-08 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

As part of its marketplace, Shein is offering a wide range of products from third-party sellers. Brands interested in selling on Shein must first reach $2 million in annual sales on Amazon, the Journal reported. Shein Marketplace sellers are eligible to receive incentives from the Chinese-owned company if they reach sales goals. For those that qualify, the company is offering big incentives to sell on Shein too. In the months following the marketplace launch, Shein has dealt with sellers offering counterfeit items on the platform.

Persons: Peter Pernot, Paul Smith, Stuart Weitzman, Shein, Sneakerheads Organizations: Brands, Service, Street Journal, Euromonitor International Locations: Wall, Silicon, United States

☆ Knockoff designer bags and shoes are more believable than ever. Here's how 'superfakes' became so difficult to tell apart from the real thing.
▼ + stars: | 2023-07-08 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +5 min

"Superfakes" are gaining popularity as high-quality designer knockoffs. Designer brands have been combatting knockoffs for decades, but a rising category of "superfakes" can trick the most experienced experts. Here's how superfakes became so difficult to tell apart from the real thing. However, any product that intentionally replicates a brand's product, using its logo, name, or intellectual property is considered a knockoff. Both designer brands and third-party marketplaces have invested millions in combating counterfeits, but the issue is so widespread that it's impossible to stop them all.

Persons: knockoffs, Gen Z, superfakes, Couture, Tommy Hilfiger, Gucci, Dior, Superfakes, Yves Forestier, They've, TikTok, Hermes Birkin, Charles Gross Organizations: Social, Service, Counterfeit, New York Times Locations: Wall, Silicon, New York City, Paris, France, Italy

MediaNews Group | The Riverside Press-Enterprise via Getty ImagesOf the many acts that can get an Amazon merchant kicked off the site, few are as devastating as selling stolen goods. But suspended sellers, who spent years building their businesses on Amazon, told CNBC they had no idea they were selling stolen products. In an email to CNBC, Amazon said it's working with authorities and doesn't comment "on matters that are the subject of active law enforcement investigations." Tracing the stolen goods supply chainIn tracing the supply chain for suspended sellers, some patterns started to emerge. "Chances are stolen goods or similar ASINs/serial numbers are being bled in to every supply line," the employee wrote.

Persons: Levoit humidifiers, Frank —, Frank, Kenzo Sobrie, Dyson, blenders, they'd, Joe Quinlivan, Sellers, they've, Chris McCabe, Ricky Sala, what's, Sala, he'd, Tien Ngo, Ngo, Stride, Daniel Acker, ASINs, Armen Babayan, illicitly, Babayan, KZ, Juniper, couldn't, Cameron Webb, Kevin Cole, didn't, He's, Sobrie Organizations: MediaNews, Riverside Press, Enterprise, Getty, Amazon, CNBC, Retailers, LG, KZ International, California, Patrol, KZ, CHP, Amazon.com Inc, Amazon Robotics, Bloomberg, Oregon Prep Center, Facebook, FBI, Washington State Office, Ngo Wholesale Distributors, Ngo, Co, Wholesale, Los, Juniper Holdings, Telegram Locations: Eastvale , California, KZ's, Huntington Beach , California, Westborough , Massachusetts, Los Angeles, Miami, The Miami, New York, Washington, Santa Fe Springs, Los Angeles County, Garden Grove, Orange County, California, Huntington Beach, California , Florida, New Jersey

☆ Shein wants to be the next Amazon Marketplace. It's already dealing with counterfeits and copyright issues.
▼ + stars: | 2023-07-06 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +4 min

Until recently, Shein has relied on sourcing its products through its on-demand manufacturing model. Last month, the Chinese-owned e-commerce company expanded its marketplace beyond clothing and introduced home appliances, electronics, gardening supplies, and kitchen utensils, among other categories. But to grow its offerings, the company took a page out of Amazon's Marketplace playbook and opened its marketplace to third-party retailers in May. In doing so, it may invite more of the same counterfeit and copyright infringement issues that Amazon's marketplace has faced. In 2020, Amazon established its Counterfeit Crimes Unit, which works with brands to identify and remove counterfeit products.

Persons: Shein, —, skimpy swimsuits, Ralph Lauren, Oakley, Martens, sneakerheads Organizations: Service, Nike Air, US Customs, US Chamber of Commerce, Amazon, Bloomberg Locations: Europe, China

☆ Retail crime has hit a bustling Kansas metropolis
▼ + stars: | 2023-07-02 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +12 min

Republican Kris Kobach, Kansas’ attorney general, said retail crime is a “spiraling problem” in his state, adding that Kansas and Missouri are among the top 10 states in the nation for volume of retail crime. “There is a link between drug trafficking and organized retail crime,” Kobach told lawmakers in June. “Organized retail crime is a problem that is getting worse, not better. Organized retail crime offers criminals a business model of pure profit, “with no overhead, rent, product cost. In early June, Kobach testified before a House Judiciary Committee hearing on “Organized Retail Crime and the Threat to Public Safety.”“When one thinks about the explosion of organized retail crime in the United States, the State of Kansas may not intuitively jump to mind,” he told lawmakers.

Persons: They’re, it’s, Coleman, “ I’ve, ”, Casey Slaughter, Kris Kobach, Kobach, ” Kobach, Joe Sullivan, Sullivan, ” Sullivan, Joe Sohm, Cabela’s, shoplifters, ” Cabela’s, Slaughter, “, Marc Bennett, There’s, Harold Casey, Casey, She’s, Poor, John Hanna, don’t, “ That’s Organizations: New, New York CNN, Wichita Police, Kansas, CNN, “, Wichita, Wichita Skyline, America, Sporting Goods, Academy Sports, National Retail Federation, Centers for Disease Control, of Kansas, Scott, Family Services, ”, Walgreens, Public Safety Locations: New York, San Francisco, Chicago, Wichita , Kansas, Kris Kobach , Kansas, Kansas, Missouri, In Kansas, Sedgwick, Wichita, Arkansas Rivers, , Kansas, ”, Kansas . Kansas, Sedgwick County, Ulta, United States, State, But Kansas, “ In Kansas

Our experts choose the best products and services to help make smart decisions with your money (here's how). Fraudulent activity by scammers trying to get your personal information has increased significantly. Check washing, robo calls, and even student loan forgiveness scams can walk scammers right into your bank account. Student loan forgiveness scamHow it works: Under the Biden Administration, student loan forgiveness applications opened in 2022. Be skepticalRight now, money scams are at an all-time high.

Persons: —, scammers, they're, It's Organizations: Service, Biden Administration, Social, Department of Education, US Postal Service

☆ Amazon warns sellers who haven't completed its error-prone verification process they only have a few days before they stop getting paid
▼ + stars: | 2023-06-27 | by ( Madeline Stone | ) www.businessinsider.com time to read: +6 min

Some sellers face issues when trying to complete Amazon's verification process. The company recently told third-party sellers on its marketplace that they have only a few days to complete an identity verification process before the e-commerce giant stops paying them. Some Amazon merchants have been scrambling to complete the process, which has been plagued with errors. Other brands were acquired in recent years and had to hunt down the original owners of the Amazon account. He said that about 40% of Seller Interactive's roughly 500 partner brands faced issues at some point during the INFORM verification process.

Persons: Shlomo Greenblatt, Albert Scott Ecommerce, Greenblatt, Mohamed Aden, We've, Juozas Kaziukėnas, hasn't, It's Organizations: Amazon, eBay, Albert Scott Ecommerce Management, Interactive Locations: Aden

☆ The Inform Act takes effect today — here's how it aims to target organized retail theft
▼ + stars: | 2023-06-27 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

The Inform Consumers Act, a new law that aims to curb organized retail theft and the sale of counterfeit and harmful products on online platforms, takes effect Tuesday as more retailers blame theft as a reason for lower profits. They claim organized crime groups steal merchandise from stores and then resell it on online marketplaces, typically at a lower amount than the sticker price. Many experts say organized retail theft has grown alongside the rise of online shopping, which boomed during the Covid pandemic and became the primary way consumers shopped. In the first quarter of 2023, e-commerce in the U.S. accounted for 15.1% of total retail sales, and reached $272.6 billion, a 7.8% jump from the year-ago period. "Under INFORM, online marketplaces can no longer turn a blind eye to criminal actors using their platforms to sell stolen and counterfeit goods.

Persons: Jan Schakowsky, Gus Bilirakis, They've, it's, Lisa LaBruno Organizations: eBay, Reps, Federal Trade Commission, Retail Industry, Association, CNBC, FTC Locations: U.S

The new rule highlights how governments are reassessing their reliance on India's $42 billion pharmaceutical industry since the contamination came to light last year. India's industry supplies nearly half of the pharmaceuticals used in Africa. In April, India’s government said its officials had held meetings in Africa to ensure its drug exports did not suffer after at least 70 children died in Gambia after ingesting the cough syrup last year. "Quntrol shall conduct document verification, physical inspection of the consignment and sampling, for laboratory testing for each shipment," the letter said. Since June 1, India has made tests mandatory for all cough syrups before they are exported.

Persons: India’s, Janneh Kaira, Rajeev Singh Raghuvanshi, Raghuvanshi, Krishna N, Aurora Ellis Organizations: Reuters, Medicines Control Agency, MCA, Quntrol Laboratories, Bank, World Health Organization, Thomson Locations: DELHI, Gambia, India, Africa, Mumbai

June 20 (Reuters) - Wegovy maker Novo Nordisk (NOVOb.CO) on Tuesday said it had sued some medical spas and wellness clinics in the United States for selling products claiming to contain semaglutide, the key ingredient in its popular weight-loss and diabetes drugs. The Danish drugmaker said it had filed federal court lawsuits in states including New York, Florida, Tennessee and Texas, accusing the spas of selling unapproved variations of its drugs. Novo Nordisk asked the courts for orders blocking the sales of the unauthorized drugs and an unspecified amount of money damages. Four of the companies named in the lawsuits in Florida, Texas and Tennessee did not immediately respond to requests for comment. Reporting by Nikolaj Skydsgaard and Blake Brittain; Editing by Ed Osmond and Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

Persons: Eli Lilly, Danish drugmaker, Nikolaj Skydsgaard, Blake Brittain, Ed Osmond, Alexander Smith Organizations: Novo Nordisk, U.S . Food, Drug Administration, FDA, Barclays, Nordisk, Thomson Locations: United States, U.S, Danish, New York , Florida , Tennessee, Texas, Florida , Texas, Tennessee

☆ Sudan: Testimonies detail atrocities by Wagner-backed militia
▼ + stars: | 2023-06-16 | by ( Nima Elbagir Tamara Qiblawi Barbara Arvanitidis Gianluca Mezzofiore Pallabi Munsi Ingrid Formanek Saskya Vandoorne | Nima Elbagir | Tamara Qiblawi | ) edition.cnn.com time to read: +17 min

“I sat next to her in the car,” said Butheina Nourin, describing her perilous escape from Sudan’s Darfur region alongside the dead woman. A months-long CNN investigation uncovered an increase in Wagner supplies to the RSF that began in the run-up to Sudan’s conflict. Reports of atrocities committed by RSF fighters and their allied militias, clearly identified by their uniforms, are consistent across dozens of testimonies. Then-President Bashir was charged by the International Criminal Court in 2010 with crimes against humanity, war crimes and genocide in relation to the Darfur conflict. “Nobody in Sudan has more blood on their hands than Hemedti,” said Sudan analyst Eric Reeves.

Persons: wailed, “, ”, Butheina Nourin, Fatima, I, Nourin, Zohra Bensemra, Abdul Fattah al, Burhan, Mohamed Hamdan Dagalo, Wagner, General Burhan, entrenching, –, Omar al, Bashir, Hemedti, Sergey Lavrov, Hussein Haran, ” Haran, Khamis Abbakar, Kholood Khair, ” Khair, Gen, Mahmoud Hjaj, Hala, SIHA, Mohamed Hamdan Dagalos, Hussein Malla, ” “, Gueipeur Denis Sassou, Eric Reeves, Al Jazeera, Karib, “ It’s, RSF –, Wagner –, Yeveny Prigozhin, Sudan ”, Hussein Organizations: CNN, ” Fighters, Sudanese, Rapid Support Forces, Reuters, Central African, Russian, Russian Foreign Ministry Press Service, UN, Strategic Initiative, Women, International Criminal Court, ICC, United Arab, United Nations, SIHA, Getty, European, US State Department, State Department Locations: Chad, Sudan, Sudan’s Darfur, Darfur, Borota, Latakia, Libya, Bangui, Central African Republic, Moscow, Ukraine, Khartoum, el, Geneina, Horn of Africa, State, Sudan’s, Yemen, Saudi, Iran, United Arab Emirates, Russia, Daman, AFP, Cairo, Abu Dhabi, Europe, EU, ”, Africa

Crowd: “No justice, no peace.” Floyd’s death triggered major protests in Minneapolis, and sparked rage across the country. Officers Thomas Lane and J. Alexander Kueng step out of the car and approach the blue S.U.V. According to the criminal complaints filed against the officers, Floyd says he is claustrophobic and refuses to enter the police car. Her footage shows that despite calls for medical help, Chauvin keeps Floyd pinned down for another seven minutes. Chauvin kept his knee on Floyd’s neck for over eight minutes, according to our review of the video evidence.

Persons: It’s, George Floyd, ”, Derek Chauvin, Floyd, “, Thomas Lane, J, Alexander Kueng, Lane, yanks Floyd, Tou Thao, Thao, Chauvin, Kueng, Darnella Frazier, I’ve, ” Floyd, Bro, They’ve, He’s, “ Floyd, George Floyd’s Organizations: Police, Cup Foods, yanks, Foods, Minneapolis Police Department Locations: Minneapolis, Houston, Floyd, United States

☆ What Has Happened in Minneapolis Since George Floyd Was Murdered
▼ + stars: | 2023-06-16 | by ( Adeel Hassan | ) www.nytimes.com time to read: +8 min

The man was 46-year-old George Floyd, a bouncer originally from Houston who had lost his job at a restaurant when the coronavirus pandemic hit. According to the criminal complaints filed against the officers, Floyd says he is claustrophobic and refuses to enter the police car. Her footage shows that despite calls for medical help, Chauvin keeps Floyd pinned down for another seven minutes. Officer: “Get back on the sidewalk.” According to the complaints against the officers, Lane asks him twice if they should roll Floyd onto his side. The widely circulated arrest videos don’t paint the entire picture of what happened to George Floyd.

☆ GOP lawmakers urge DOJ to probe Chinese IP theft from U.S. small businesses
▼ + stars: | 2023-06-15 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

WASHINGTON — Two top Republican congressmen on Thursday urged the Justice Department to investigate intellectual property theft from American small businesses by Chinese actors. "Ensuring the safety of American small businesses from IP-related crimes is crucial, and we urge the U.S. Department of Justice to utilize all tools and capabilities at its disposal," the lawmakers wrote. Gallagher is chairman of the House Select Committee on the Chinese Communist Party, while Williams chairs the House Committee on Small Business. Evidence of Chinese IP theft from U.S. businesses dates back several years. In 2019, 1 in 5 North American companies on the CNBC Global CFO Council reported IP theft from Chinese companies within the last year.

Persons: Mike Gallagher, Elise Stefanik, Steve Scalise, Wisconsin, Roger Williams of, General Merrick Garland, Gallagher, Williams, China — Organizations: Chinese Communist Party, Republican National Committee, Washington , D.C, WASHINGTON —, Justice Department, U.S . Department of Justice, Small, National Bureau, Asian, Commission, American Intellectual, U.S . Trade Representative, U.S, CNBC Global, CCP, DOJ's, Force, Intellectual, Fox Business, China, GOP Locations: Washington ,, WASHINGTON, Roger Williams of Texas

[1/3] Paramedics display a dose of the opioid overdose reversal drug Narcan, or Naloxone Hydrochloride, in an ambulance in Peabody, Massachusetts, U.S., August 8, 2017. The figure is up 0.7% from 108,825 overdoses recorded in the 12-month period ending January 2022, according to U.S. data. The U.S. drug overdose death toll crossed the 100,000-mark for the first time in 2021, as the COVID pandemic disrupted medical care and increased mental health problems. U.S. drug overdose deaths rose 13.7% between January 2021 and January 2022 and by 31.4% in the prior 12 months at the height of the pandemic. But the surge in overdose deaths began before the pandemic took hold due to abuse of prescription opioid painkillers and illegal drugs like heroin.

Persons: Brian Snyder, Joe Biden's, Biden, Tom Britton, Stacey McKenna, McKenna, Nandhini Srinivasan, Khushi, Bill Berkrot Organizations: REUTERS, U.S . Centers for Disease Control, Prevention, American Addiction Centers, U.S, R Street Institute, D.C, CDC, Thomson Locations: Peabody , Massachusetts, U.S, China, Mexico, Washington, Bengaluru

According to Amazon, Temu, an e-commerce marketplace that launched in September, does not meet its "strict qualification standards" for Amazon's fair pricing policy. That means some low-priced general merchandise on Temu, owned by PDD Holdings, could beat out prices offered by Amazon's marketplace sellers. But Amazon is wary of engaging in a price war with a marketplace that it says is not reputable. Much of the merchandise sold on Temu is from vendors and suppliers based in China. The pending U.S. lawsuits are among the first legal battles between Amazon sellers and Temu, according to court filings.

Persons: Temu, Mandell Menkes, Feixiang Wang, Arriana McLymore, Vanessa O'Connell, Deepa Babington Organizations: YORK, PDD Holdings, Amazon, MaiBo Technology Company, Reuters, Northern District of, Shenzhen Kangmingcheng Technology, Thomson Locations: China, U.S, Northern District, Northern District of Illinois, Shenzhen

☆ Turkey seizes $1 billion of counterfeit money headed for Africa
▼ + stars: | 2023-06-09 | by ( ) www.reuters.com time to read: 1 min

ISTANBUL, June 9 (Reuters) - Turkish security forces seized $1 billion of counterfeit money in Istanbul and arrested six people involved in the operation, including one Ghanian and three Swedish nationals, the governor's office said on Friday. Gendarmerie forces tracked the suspects to a storage space in Istanbul's Kagithane district, where they seized the fake $100 bills meant to be sent to African countries, the office said. The Swedish and Ghanian consulates were notified. The counterfeit haul was the largest in Turkey's history, the governor's office said. Reporting by Ali Kucukgocmen; Editing by Richard ChangOur Standards: The Thomson Reuters Trust Principles.

Persons: Ali Kucukgocmen, Richard Chang Organizations: . Gendarmerie, Thomson Locations: ISTANBUL, Turkish, Istanbul, Istanbul's Kagithane

In his ruling, U.S. District Judge John Coughenour rejected bids from Apple and Amazon to dismiss the prospective class action on various legal grounds. Lawyers for Apple and Amazon and representatives for the companies did not immediately respond to requests for comment on Friday. In 2018, according to the lawsuit, there were some 600 third-party Apple resellers on Amazon. Apple agreed to give Amazon a discount on its products if Amazon reduced the number of Apple resellers from its marketplace, the lawsuit alleged. The judge in Seattle said "countervailing" motivations for the agreement between Apple and Amazon would be addressed later in the litigation.

Persons: iPads, John Coughenour, Coughenour, Steve Berman, Apple, Steven Floyd, Read, Mike Scarcella, Leigh Jones Organizations: District, Apple, Amazon, Ninth Circuit, Amazon.com Inc, Apple Inc, Western District of Washington, Thomson Locations: U.S, Seattle, Western District

☆ Boeing sued over alleged theft of IP, counterfeiting of tools used on NASA projects
▼ + stars: | 2023-06-07 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +4 min

The company's lawsuit centers around multiple custom-designed tools that Wilson says it created for Boeing. Boeing, in turn, "rewarded Wilson's efforts by brazenly stealing" the IP related to multiple devices, the complaint says. The company brought 10 claims against Boeing, including claims of copyright infringement, misappropriation and theft of trade secrets, and fraud. "We fully believe that there are other companies, probably small American-owned companies, that have been affected by this same activity inside Boeing," Wilson lawyer Flowers told CNBC. Read the full copy of Wilson's complaint below:

Persons: Wilson, Pete Flowers, David Wilson, Lance Astrella, Lockheed Martin, Flowers Organizations: Wilson Aerospace, Boeing, CNBC, NASA, Space Station, SLS, Space Shuttle, Lockheed Locations: Colorado, Washington

☆ You can now buy Victoria's Secret underwear on Amazon
▼ + stars: | 2023-06-06 | by ( Mary Hanbury | ) www.businessinsider.com time to read: +2 min

Victoria's Secret is now selling its underwear and apparel products on Amazon. These items will be eligible for speedy shipping via a Prime membership. As of June 6, it's now possible to order underwear, swimwear, and apparel from both Victoria's Secret and its Pink brand on Amazon.com. According to Victoria's Secret, these items are eligible for speedy shipping via an Amazon Prime membership. Victoria's Secret has just over 830 stores across the US and Canada after closing 250-plus locations since the pandemic.

Persons: Birkenstock, —, it's, hasn't Organizations: Nike, Service, Amazon Locations: North America, Canada, Birkenstock

☆ A California woman is accused of shipping over 9 million parcels using counterfeit postage, costing the USPS $60 million in lost revenue
▼ + stars: | 2023-06-02 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Lijuan Chen was arrested on May 24 after the USPS investigated an alleged counterfeit postage scheme. Postal inspectors estimate Chen and her employees shipped over nine million parcels in six months. Chen ran a business shipping parcels for e-commerce sites, including a number in China, the documents say. She faces one count of conspiracy to defraud the United States, and one count of use or possession of counterfeit postage, per the documents. According to an inspector's affidavit, the USPS would have lost $60 million in revenue due to the apparent scheme.

Persons: Lijuan Chen, Chen, —, Angela, they'd, Chen's Organizations: USPS, Service, United States Postal Service, Prosecutors Locations: China, California, United States

Guardia Civil/Handout via REUTERSMADRID, June 1 (Reuters) - Spanish police raided three clandestine tobacco factories early this year, seizing nearly 40 million euros ($44 million) worth of tobacco leaf and illicit cigarettes. This operation is one of dozens across the EU that regional policing and anti-fraud agencies say have driven seizures of illicit cigarettes to record levels. It may have been further accelerated by the war in Ukraine, which for years has been a production hub and transit route for illicit tobacco, OLAF added. TOBACCO INVESTIGATORSThe industry has responded by hiring investigators to research illicit operations and share intelligence with European authorities, executives at Japan Tobacco, BAT and Imperial Brands told Reuters. "A good many workers from Ukraine have been found in these illegal factories," Japan Tobacco's Byrne said about counterfeiting operations across the EU.

Persons: who'd, OLAF, Cyrille Olive, Philip Morris, Olive, Europol, Vincent Byrne, Byrne, Japan Tobacco's Winston, Alex McDonald, Ernesto Bianchi, McDonald, Japan Tobacco's Byrne, They're, they're, Richa Naidu, Emma Pinedo, Emilio Parodi, Matt Scuffham Organizations: Guardia Civil, REUTERS, Spanish, EU, BAT, Imperial Brands, Japan Tobacco, Philip Morris International, Reuters, Marlboro, America's Dunhill, Supplies, Investigators, Mobile, Thomson Locations: Seville, Spain, Guardia, REUTERS MADRID, Alfaro, Europe, Ukraine, British American, France, Netherlands, Portugal, Slovenia, Denmark, Czech Republic, Ireland, Japan, China, Asia, EU, Russia, Belarus, Roda de Ter, Barcelona, Spanish, Italy, Pomezia, Russian, Moldovan, London, Madrid, Milan

☆ US sanctions Chinese and Mexican firms over fentanyl making equipment
▼ + stars: | 2023-05-31 | by ( Laura He | ) edition.cnn.com time to read: +3 min

“Counterfeit pills laced with fentanyl constitute a leading cause of these deaths, devastating thousands of American families each year,” he said. Officials also accused Chinese company Yason General Machinery of working with a Mexican supplier and contact who previously provided pill equipment to a person linked to the Sinaloa Cartel. That individual used the machines to create superlabs in Mexico with the capacity to produce millions of fentanyl-laced pills weekly, Treasury said. The Chinese Embassy in the United States condemned the US move late Tuesday. “The US sanctions against Chinese companies and citizens will add more obstacles to China-US counter-narcotics cooperation,” it added.

Persons: “, Brian Nelson, ”, Biden Organizations: Hong Kong CNN, United, US Treasury Department, Treasury, Terrorism, Financial, Foreign Assets Control, Youli Technology, Machinery, Solutions, Embassy, US Centers for Disease Control Locations: Hong Kong, United States, China, Mexico, Mexican, Sinaloa

☆ Patagonia accuses Nordstrom of selling 'thousands' of fake Patagonia sweatshirts and T-shirts at its Rack stores
▼ + stars: | 2023-05-31 | by ( Ben Tobin | ) www.businessinsider.com time to read: +3 min

Patagonia filed a lawsuit against Nordstrom in California federal court on Tuesday accusing the retailer of selling 'counterfeit' Patagonia products. Patagonia had a "years-long dealer relationship" with Nordstrom, but after Patagonia chose to end the agreement Nordstrom sold "counterfeit" Patagonia items in its off-price Nordstrom Rack stores in 2023, according to the suit filed Tuesday in the US District Court for the Central District of California. An alleged counterfeit Patagonia clothing item claiming to be both 100% polyester and made of organic cotton. A tag attached to an alleged counterfeit Patagonia clothing item showing a typographical error. Additionally, Patagonia is asking a judge to immediately prevent Nordstrom from manufacturing, producing, sourcing, importing, and selling any products that resemble Patagonia's products and trademark.

Persons: Nordstrom, —, Defendant, Ben Tobin Organizations: Nordstrom, Service, Seattle, Court, Central, Central District of, Patagonia Inc, Nordstrom Inc Locations: Patagonia, California, Central District, Central District of California, Nordstrom

☆ US slaps sanctions on Chinese, Mexican entities in fentanyl action
▼ + stars: | 2023-05-30 | by ( Daphne Psaledakis | ) www.reuters.com time to read: +3 min

The Treasury Department said it slapped sanctions on seven entities and six people based in China, as well as one business and three people based in Mexico. "Counterfeit pills laced with fentanyl constitute a leading cause of these deaths, devastating thousands of American families each year. We remain committed to using all authorities against enablers of illicit drug production to disrupt this deadly global production and counter the threat posed by these drugs." The Biden administration has been pushing for action as U.S. drug-related overdose deaths surpassed 100,000 in 2021, according to government estimates. Reporting by Daphne Psaledakis, Doina Chiacu and David Brunnstrom; Editing by Sharon Singleton and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Biden, Brian Nelson, Liu Pengyu, Washington, brazenly, Liu, Daphne Psaledakis, Doina Chiacu, David Brunnstrom, Sharon Singleton, Jamie Freed Organizations: Treasury Department, Terrorism, Financial, U.S . Centers for Disease Control, Prevention, Washington, Reuters, Treasury, Thomson Locations: United States, China, Mexico, Beijing

Search resuls for: "Counterfeit"

25 mentions found