Italian Gianni Versace fashion house receives a compensation of 20 million dollars
The Italian fashion house Versace has received a compensation of 20 million dollars, after the Court in Los Angeles ruled in their favour ,related to the trial in 2003 against a number of 110 people who facilitated the sale of counterfeit products under the Versace logo.
The amount is the largest yet received by an Italian company defending its copyright.
In the process, whose key witness was Santo Versace, brother of the founder of the fashion house, have been involved over 70 stores that sold fake products.
House of Versace, which was founded in 1978 by Gianni Versace recorded last year a profit of 359.6 million dollars, writes Reuters.
However, in 2009, the company reduced the number of the staff quarter, blaming this on the decline in market demand of luxury goods and products signed by the designer.
Related posts:
- Toyota has paid the 16 million dollars fine The Japanese car manufacturer, involved in the scandal caused...
- Egyptian painting fetches record 2.43 million dollars A famous Mahmud Said painting was sold at an...
- Sandra Bullock has a dream house After she filed for divorce from Jesse James (41...
- Earth’s Greatest Fashion Show for Student Earth’s greatest fashion show for student – the Graduate...
- 50 years of fashion in New York Metropolitan Museum in New York celebrates the evolution of fashion...
Posted by PatrickFerrel on May 21 2010 Filed under Fashion. You can follow any responses to this entry through the . You can leave a response or trackback to this entry
