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.
This story first appeared in the October 12, 2007 issue of WWD. Subscribe Today.