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eBay is fined on € 40 million for sale of Louis Vuitton’s fakes

June 30th, 2008

The Internet-auction eBay is fined on 40 million euro in connection with sale of counterfeit production under easily soiled French groups Moet Hennessy Louis Vuitton (LVMH), the world’s largest luxury goods manufacturer. Such decision was born with one of courts of France.
According to LVMH representatives, French division of the Internet-auction has not accepted necessary measures to prevent carrying out of auction, in which copies of bags and perfumes with trade marks of the companies, among which Christian Dior, Givenchy and Louis Vuitton are, have been exposed on sale.
In turn, eBay representatives are measured to protest the decision of court.
Let’s remind, in May, 2008, one more scandal has burst. The police of Germany have begun investigation on the fact of occurrence on a eBay announcements site of sale of the 7-month’s child for 1 euro. The announcement was in the open access on a site of auction within 2,5 hours.
In I quarter of 2008 net profit of eBay Inc. has grown on 22 % – up to 460 million dollars, the proceeds of the company (on results of accounting quarter) have increased on 24 % – up to 2,2 billion dollars.
The Internet-auction eBay works in three segments of the market – Internet-trade, electronic payments and communications.

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