The UK loses £218 million every year from counterfeit wine and spirits

8th June, 2018 by Edith Hancock

Just under £220 million is lost from the UK economy each year thanks to counterfeit wines and spirits entering the market, according to new research.

 

Wines from DRC in Burgundy are one some the most frequently faked

The UK loses billions of pounds each year due to counterfeiting, with wine and spirits such as vodka and Scotch key targets for fakers, according to a study published by the European Union’s Intellectual Property Office (EUIPO).

The EU body estimated lost sales in 13 sectors as a result of counterfeiting, from clothing to wine and spirits, back in 2016.

These losses came to more that €100 billion per year, according to the findings.

EUIPO is a decentralised agency of the EU, based in Alicante, Spain.

These figures form….

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One Response to “The UK loses £218 million every year from counterfeit wine and spirits”

  1. Kalyani says:

    May be they may like to use the anti-counterfeit technology from Neurotags.com, which eliminates counterfeit in Wine and Spirit industry.

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