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Catching Up With Delaware's Chancery Court

Law 360

In Delaware's Court of Chancery last week, Mars Wrigley unwrapped a not-so-sweet lawsuit against a marketing partner, BuzzFeed republished an old case against former employees, and global cosmetics company Coty Inc. made up with shareholders.

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Coty Escapes Class Action Claims That it Misled Investors With $12.5 Billion P&G Beauty Deal

The Fashion Law

Coty and a handful of its highly-ranking officers and directors have managed to escape the proposed class action lawsuit that was waged against it last year for allegedly running afoul of U.S. Among the things that Coty allegedly misrepresented and/or failed to disclose? As a result, “Coty overpaid for [them].”

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Year in Review: Some of the Biggest Deals and Deal-Related Lawsuits of 2021

The Fashion Law

In yet another major step into the metaverse, NIKE, Inc. Prada revealed in June that it had partnered with fellow Italian fashion company Zegna Group to acquire a controlling stake in Italian cashmere producer Filati Biagioli Modesto in furtherance of a quest to “secure a domestic supply chain and luxury-goods manufacturing expertise.”

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Urban Outfitters Cannot Escape Le Tote’s Trade Secret Claims Over “Copycat” Rental Venture, Nuuly

The Fashion Law

District Court for the Eastern District of Pennsylvania sided with Le Tote, holding that it “appropriately pled a claim for misappropriation of trade secrets under both the federal Defend Trade Secrets Act and its Pennsylvania state law analogue,” despite Urban’s argument that the 9-year-old fashion rental company failed to make its case. .

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Caudalie Hit With $1 Million-Plus Fine Over Minimum Price Mandates, Sales Restrictions in EU

The Fashion Law

The anti-competition crackdown in the European Union is not limited to tech monopolists like Apple, and in fact, has seen a growing number of consumer goods brands – from sportswear titans to skincare companies – come in its crosshairs. At the same time, they note that “case law from the Court of Justice of the European Union – the Coty v.

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How Can Luxury Groups Compete with Private Equity & SPACs When it Comes to Buying Founder-Owned Brands?

The Fashion Law

billion acquisition of iconic jewelry company Tiffany & Co. For example, Tapestry Inc.’s We have seen this approach in Puig’s acquisition of Charlotte Tilbury, who retained a “significant minority” stake and Coty Inc.’s Headline-making deals have proliferated in this market environment, including LVMH’s $15.8