Too Long; Didn't Read
One of the major threats to the progression of the fashion and luxury industry is the prevalence of counterfeit goods. <a href="https://www.businessoffashion.com/articles/intelligence/fighting-the-450-billion-trade-in-fake-fashion" target="_blank">Valued at $450 billion</a>, the counterfeit luxury goods market has made it increasingly difficult for luxury brands and retail chain stores to gain the trust of the consumers across the globe. In earlier times, people could find counterfeit goods such as fake designer handbags, watches, and belts in street markets or from a nearby vendor. But today, the market has become advanced, having reached various social media platforms and even popular e-commerce sites. The fact that the sale of counterfeit goods has become widespread and harder to detect has not helped the situation either.