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In Brief: Hermes Accuses Ebay… Ferragamo IPO

Hermes on Thursday confirmed that it was taking legal action against eBay over the online auction house's alleged sale of counterfeit Hermes products.

HERMES ACCUSES EBAY: Hermès on Thursday confirmed that it was taking legal action against eBay over the online auction house’s alleged sale of counterfeit Hermès products. The French luxury house said it had a case pending against eBay France and eBay International AG in the Tribunal de Grande Instance in Troyes, France. The company declined to comment on the specifics. A spokeswoman said eBay had damaged Hermès by “providing a party, who is also being pursued in court, the necessary tools to promote and sell counterfeit bags, and to have earned a commission on those sales.” LVMH Moët Hennessy Louis Vuitton and Tiffany & Co. also have taken eBay to court. An eBay spokeswoman said the company hopes to collaborate with Hermès on anticounterfeiting measures.

FERRAGAMO IPO: Salvatore Ferragamo is moving full-throttle ahead with its initial public offering. Chief executive officer Michele Norsa confirmed that the Florentine luxury goods firm has tapped Caretti & Associati, a Milan-based boutique financial firm, to advise in the listing, planned for early next year. Caretti & Associati, founded by Francesco Caretti in 1992, advised Ferragamo during the Emanuel Ungaro spin-off in 2005.