Fashion Law: Moncler Wins Trademark lawsuit
Earlier this week luxury goods retailer Moncler announced their victory in a legal battle with a Chinese company targeted for producing counterfeit goods. Back in December 2014 Moncler sued Chinese company, Beijing Nuoyakate Gourmet for selling jackets with counterfeit Moncler logos. Additionally, the Chinese retailer attempted to register several fake trademarks and domain names in China and elsewhere.
Moncler’s down jackets cost roughly $2,000. The brand was awarded 420,000 euros in damages by an intellectual property court in Beijing.
The company stated: “This is…believed to be the first judgment under China’s new trademark law to grant maximum statutory damages.”
In a continued effort to crack down on the sale of counterfeit goods, China said it would implement the use of cloud computing, big data and tighter restrictions to help fight the sale of imitation goods.