Counterfeits are a huge problem for high-end designers around the globe: luxury brands lost $98 billion worth of sales to counterfeits in 2017 alone. These losses can damage both profit and reputation ...

Counterfeits are a huge problem for high-end designers around the globe: luxury brands lost $98 billion worth of sales to counterfeits in 2017 alone. These losses can damage both profit and reputation ...

The FINANCIAL — LVMH has joined forces with two other major luxury names –Prada and Cartier, part of Richemont – to develop Aura Blockchain Consortium, the world’s first global luxury blockchain.

Luxury brands have long been plagued by the issue of counterfeit products flooding the market. From fake handbags and replica jewelry to brand knockoffs, the counterfeit industry has thrived, costing ...

Remember crypto? That two-year expanse when JPEGs were worth millions? The hype has long since died down (we’ve moved on to being terrified and/or excited about AI), but the underlying technology, the ...

MILAN — The Aura Blockchain Consortium, founded by LVMH Moët Hennessy Louis Vuitton, the Prada Group and Compagnie Financière Richemont in April 2021 and since then also including the OTB Group and ...

LVMH, the Prada Group and Cartier (part of Richemont) have teamed up to create the non-profit Aura Blockchain Consortium, aimed at enhancing customer relationships and brand protection through the use ...

Luxury veteran Daniela Ott has been named general secretary of the Aura Blockchain Consortium, formed last April when LVMH Moët Hennessy Louis Vuitton, Prada Group and Compagnie Financière Richemont ...