Fake Lipton Tea, Nescafe Leak Into EU, Hurting Unilever, Nestle |
| Bloomberg - Jun 15, 2007 |
Belgian customs official Chris De Buysscher intercepted a shipment of 20,000 kilograms (44,000 pounds) of fake Lipton tea from China last year. He discovered 800,000 knockoff Oral-B toothbrushes because the accompanying paperwork was vague about their final destination.
De Buysscher, head of the port of Antwerp's counterfeit- hunting squad, is on the front line of a new battle in the war against knockoffs: fake brand-name items including tea, shampoo and soap. Colgate-Palmolive Co. yesterday warned U.S. consumers that counterfeit toothpaste that may contain a chemical used in antifreeze was found at stores in four states.
Fraudulent products hurt sales of companies such as Nestle SA, Procter & Gamble Co. and Lipton tea owner Unilever and may pose health risks. Companies in general lose about 10 percent of sales to counterfeiting, says Guy Sebban, secretary general of the International Chamber of Commerce. That would translate to $20 billion a year for the three corporations combined.
Read Full Article from Bloomberg
- Posted: 2007-06-15 08:51:43
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