A lawsuit on behalf of Coach, Inc. was filed against a Florida flea market for allowing vendors to market and sell knock-off Coach bags and other Coach products, and according to this news article, a $5.5 million settlement was reached today in favor of Coach, Inc., and the suit dismissed.
Quoting from the article:
Like many other luxury goods companies, Coach has taken a very aggressive stance against counterfeiters in recent years. That campaign has included working with law enforcement agencies to try to stop counterfeit items from being sold and also filing civil lawsuits against businesses that the company said provide a “safe haven” for vendors to illegally sell the phony products.
Another interesting little tidbit…. shops selling Michael Kors knockoffs as pointed out by Rusetsy in “The Twelve Days of (an Etsy) Christmas” have disappeared from the site. Perhaps Etsy is taking knock-off resellers a little more seriously than general resellers.
UPDATE: The price on the Gucci handbags went down by $58.00 overnight! Wow! See what being featured on Rusetsy can do for your business?? (and… some of the pretty bag colors disappeared… along with some sold items, photos and listings now replaced with “no longer available.” Now, isn’t that interesting?
ETA: Price is falling! Now down to $100…. (see comments below!)