47 percent to 33 percent in the same bag

effectively sell their ware to a wide audience. Tuesday its miumiu handbagdecision to not appeal the eight million-euro fine imposed by France's stock market watchdog for failing to comply with rules when it accumulated a significant stake in Hermes International SCA (RMS.FR). "This decision reflects LVMH's commitment to ensuring the soundest possible management of its investment in Hermes," the company said in a statement while reiterating its disagreement with the body's ruling.

The move to drop proceedings comes around two miu miu bags outletmonths after the Autorite des Marches Financiers, or AMF, slapped a record fine on the world's largest luxury goods company for misleading markets by not disclosing information about its stake in Hermes earlier. ET made a phone call to one such website that offered an LV belt for Rs 2,000, Hermes belt for Rs 5,000 and bags from Gucci, Prada and Coach for Rs 2,500, besides watches like Rolex and Rado - all at fraction of the cost of genuine products. "Do not bother about the quality as we have lots of happy repeat customers from Delhi and Mumbai," the salesman said, without disclosing his name or the address of the company.licies to support growth in Saudi Arabia, including the kingdom’s five-year plan to develop and improve infrastructure, as well as invest in human capital. Diversification of local economies will also boost growth, Euler Hermes said, with Saudi’s share related to oil in total GDP falling from 34 percent in 2000 to 21 percent in 2012.

In the UAE this is down from 47 percent to 33 percent in the same time period. Such websites post pictures of the original brand products online, but ship fake products once the payment is received online. "Through these channels, consumers are more exposed to knowingly or unknowingly purchasing counterfeits from sellers within or cheap miu miu bagsoutside," Titus says. Knowingly too. Many aspiring consumers do not mind buying fakes as the originals are mostly beyond their reach. "On my latest trip to Thailand, I picked up an LV bag for my wife and an Omega watch for myself, both for $150. I knew they were fake, but they looked good and the price was irresistible," Gaurav Sharma, a Jaipur-based hotelier, says.