Ebay, the world’s largest online auctioneer, was ordered by a French court last Monday to pay almost 43 million euros ($63 million) as fine for allowing the sale and auction of faked Louis Vuitton bags, perfumes and other luxury goods. The case started a year and a half ago and the court made a ruling in favour of six LVMH brands. Ebay also is barred by the court to sell Christian Dior, Kenzo, Givenchy and Guerlain perfumes online saying that Ebay violated the perfume sales distribution network set up by Louis Vuitton and Christian Dior Couture.
LVMH is seeking 50 million euros in damages from US-based eBay Inc. and its Swiss subsidiary eBay AG. Ebay is also now barred to run ads for the perfume and cosmetic brands or they will be fined 50,000 euros per day. They are also required to post the full text of the court decision on their site within the next three weeks.
LVMH is seeking 50 million euros in damages from US-based eBay Inc. and its Swiss subsidiary eBay AG. Ebay is also now barred to run ads for the perfume and cosmetic brands or they will be fined 50,000 euros per day. They are also required to post the full text of the court decision on their site within the next three weeks.
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