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Pressure mounts on Israel's Prime Minister amidst Gaza airstrikes and Iranian consulate levelled. Superfakes challenge luxury-handbag industry. French winemakers navigate youth's changing habits towards beer and health-conscious choices.
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Quick takeaways
- The rise of 'superfakes' in the luxury-handbag industry poses challenges due to improved counterfeiting techniques and online resale platforms.
- France's shifting wine consumption patterns, including a decline in daily drinkers, preference for beer among the youth, and government intervention to deal with unsellable wine, impacting rural areas.
Deep dives
Challenges in the Luxury Handbag Industry
Counterfeit luxury handbags, known as 'Superfakes,' have become increasingly indistinguishable from genuine products, complicating the market for secondhand luxury bags. The rise in demand for luxury goods and the growth of online platforms for resale have created opportunities for counterfeit producers to improve their products. Economists are studying this market due to the information asymmetry between buyers and sellers, similar to the 'Market for Lemons' theory in the used car industry.
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Listen to the best highlights from the podcasts you love and dive into the full episode