Damn this is huge!
Monday, June 30, 2008 11:30Breaking news from WWD.com Fashion news, retail news, beauty news and more from Women’s Wear Daily
PARIS — LVMH Moet Hennessy Louis Vuitton today won a landmark victory against eBay for allowing the sale of counterfeit goods.
A French court ordered eBay to pay the luxury goods giant around 40 million euros, or $63.2 million at current exchange, for selling counterfeit items on its online auction site, and for selling genuine products outside their desired retail channel.
Announcing the decision after a two-year legal process, Paris’s Tribunal de Commerce cited “grave errors” on eBay’s part.
Louis Vuitton received the lion’s share and was awarded 19.3 million euros, or $30.5 million; Christian Dior Couture received 17.4 million euros, or $27.5 million, and Parfums Christian Dior, Parfums Kenzo, Guerlain and Parfums Givenchy, were awarded around 3 million euros, or $4.7 million.
EBay was ordered to stop selling fragrances and cosmetics from those brands immediately, or face a fine of 50,000 euros, or $79,000, a day.
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Susie Love says:
July 2nd, 2008 at 12:58 am
wholly!
Suziesaurus says:
July 2nd, 2008 at 11:10 am
Just found this blog - absolutely love it!
geekigirl says:
July 2nd, 2008 at 8:47 pm
thanks Suziesaurus!
It will be interesting to see how this plays out. eBay is appealing so it’s gonna bounce around in the courts a bit more