Kering files lawsuit against Alibaba

Kering files lawsuit against Alibaba

Kering, French luxury goods holding company and owner of the world's best-known luxury brands, filed a case against Chinese e-commerce company Alibaba Group Holding Ltd. The lawsuit has been filed on Friday in federal court in Manhattan. The fashion companies that filed the lawsuit include Gucci, Balenciaga, Yves Saint Laurent and brands owned by Pierre Bergé headquartered Kering.

According to the lawsuit, the company is displeased with popular web platform Alibaba's efforts to deal with the problem of counterfeiting of its brands. The lawsuit claimed that the Hangzhou, Zhejiang, headquartered Alibaba and its associated companies intentionally did not stop the sale of counterfeits on their online platforms. A copy of the lawsuit was reviewed by The Wall Street Journal.

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