Family-owned Hermès filed a lawsuit against luxury conglomerate LVMH Moët Hennessy Louis Vuitton in an attempt to cancel complex derivatives that allowed Dior’s parent to build up its ownership of Hermès.
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Italian designers Domenico Dolce and Stefano Gabbana were sentenced to one year and eight months in prison for tax evasion, but the court’s decision is not likely to damage their brand in the long run.
The proposed bill to curtail the rampant sale of counterfeit luxury items in New York and protect brand integrity hones in on consumers rather than vendors.
Luxury conglomerate LVMH Moët Hennessy Louis Vuitton filed another lawsuit June 4 against a manager at family-owned Hermès, which deepens the legal battle between the two and signifies that a reputation is at stake.
As the legal battle between conglomerate LVMH Moët Hennessy Louis Vuitton and family-owned Hermès reaches a pivotal point, so does investors’ hunger for luxury fashion.
French newspaper Le Monde’s article based on an AMF report that LVMH Moët Hennessy Louis Vuitton’s stake acquisition in Hermès is far from “friendly” could fuel the fire between two of the most powerful luxury goods companies.
Kering-owned Gucci is vigorously attempting to protect its brand trademarks in court, but the battle against Guess Inc. may not be worth the costs, experts say.
Richemont-owned Cartier’s recent win with a trademark infringement lawsuit against China-based companies indicates that luxury marketers should not ignore threats to brand equity in the country and send a message to counterfeiters.
Leather goods and silk scarves maker Hermès is fending off luxury conglomerate LVMH Moët Hennessy Louis Vuitton from silently achieving a majority stake to keep the private brand’s traditional business model intact.
LVMH’s Bulgari had its assets seized by Italy’s Guardia di Finanza for alleged tax evasion, but this setback is not likely to permanently destroy the brand’s reputation, experts say.