eBay to Pay Nearly $61 Million to LVMH

By Charlie Brett
20:16, June 30th 2008
80 votes
Vote this story

eBay was ordered to pay nearly 40 million euro to a luxury goods company, because it has allowed the sale of counterfeit goods. According to The Press Association, the online auction site has to pay LVMH, which deals with famous brands like Louis Vuitton, Givenchy, Fendi, Dior, Emilio Pucci and Marc Jacobs, £30 million. eBay was accused of not checking the authenticity of the products and allowed the sale of fake Louis Vuitton handbags and Dior perfumes.

CBC.ca reported that about 90 of those items were fakes. eBay said it would make an appeal and accused LMVH of trying to shut this internet system because it doesn’t need an intermediary.

“If counterfeits appear on our site, we take them down swiftly. But the ruling is not about counterfeits. It is about an attempt by LVMH to protect uncompetitive commercial practices at the expense of consumer choice,” said an eBay spokesperson, according to The Press Association.

The ruling interdicts eBay to post any more auctions on the perfumes.

This is not the first incident that happened. In June, a ruling made eBay and one of its sellers to pay $31,000 US for selling fake Hermes bags. The court told the online auction site to be more careful with its rules and make sure the sellers could provide serial numbers and documentation.

 



© 2007 - 2009 - eFluxMedia
Tags: eBay, LVMH
dotclear

Other News in

dotclear
Latest videos in Business
China eyes fewer car, steel...
Business Update: Asian stocks...
Business Update: Jobless...
The Fed's big fix
Generic drug industry outlook

dotclear
Business You are here: Business
» World   » Business   » U.S.   
E-mail To A Friend Print RSS Text size: Decrease font size Increase font size
dotclear
dotclear
dotclear

Interested In This Topic?

News Alert will keep you informed. Find out more.
dotclear
Photos Gallery
dotclear