Counterfeiting in the cosmetics and pharmaceuticals

Although counterfeit goods may seem harmless at first, their overarching reach in the brand market are determinantal to brand equity. Counterfeiting in the cosmetics and pharmaceuticals space is both dangerous for brands and customers. Early last year, the Food and Drug Administration agency (FDA) busted a long standing fake cosmetics racket where local shops in Mumbai were creating spurious knockoffs of L Lakme, Revlon, Olay, Elle 18, Nivea, etc..

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