Alibaba Has Fashionistas Furious, But ‘Smart Money’ Not Afraid Of A Little Lawsuit

18 May 2015 | Author: | No comments yet »

Alibaba Has Fashionistas Furious, But ‘Smart Money’ Not Afraid Of A Little Lawsuit.

– The owner of fashion brands Gucci and Yves Saint Laurent has accused Alibaba Group in a lawsuit of profiting from sales of counterfeit goods despite the Chinese e-commerce giant’s pledge to combat the trade in fakes.

News that luxury goods brands are again suing Alibaba for counterfeits sold on its e-commerce platforms is evidence that the Chinese giant is moving too slowly to clean up counterfeits for Western brands’ liking. The lawsuit filed by France’s Kering SA and a group of its brands in a New York court is a setback for Alibaba’s effort to reassure companies and regulators it is taking effective action to keep counterfeit goods off its online sales platforms. Laurent and other high end fashionista firms sued Alibaba Group Holding on Friday, arguing the online shopping giant had knowingly made it possible for counterfeiters to sell their products on their website. What is damaging is the perception that Alibaba has made so little progress in nearly a year that the brands decided rather than continuing discussions, they would sue—again. As part of the lawsuit withdrawal last year, Alibaba and Kering announced in a statement “constructive dialogue” and had “agreed to work together in good faith through the normal business process on ways to enhance intellectual property protection.” Kering’s new complaint in U.S. federal court at best indicates a breakdown of dialogue; at worst, it shows Alibaba is failing to strictly police counterfeits and fakes products on its platforms.

We believe this complaint has no basis and we will fight it vigorously.” The lawsuit cited a fake Gucci handbag on the website for just $2 each by a Chinese merchant looking to sell in bulk quantities of 2,000 or more. In January, China’s State Administration for Industry And Commerce (SAIC) accused Alibaba of selling fake goods and misleading customers on its biggest shopping platform

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