Damn this is huge!
Breaking 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.