The TJX Cos. reached a settlement agreement last week with Visa USA Inc. and Visa Inc. in litigation that arose out of TJX's previously reported unauthorized computer intrusions, according to a statement from the company. Under the terms of the settlement, TJX will offer up to a maximum of $40.9 million pretax in alternative recovery payments to eligible Visa issuers of payment cards that were affected. The settlement is conditional on the acceptance of the offer by at least 80 percent of the eligible Visa payment card accounts.
Saks Inc. settled two lawsuits filed by former vendors over alleged markdown allowance issues, according to media reports. The cases were filed separately by International Design Concepts, a former Oscar de la Renta licensee, and Kleinert's Inc. Terms of the settlement were not announced, but in its most recent earnings report, Saks said it had third-quarter expenses of approximately $2.7 million associated with the vendor lawsuits and the Securities and Exchange Commission investigation that closed in September. IDC filed its initial lawsuit in 2005 for alleged fraud, among other charges related to the company's markdown policy.
Chanel Inc. filed a lawsuit against Susan Lynne Pacini in San Francisco federal court on Nov. 26. Chanel alleged that Pacini sold counterfeit handbags and wallets through her Planet Tan and Master Marketeers Inc. businesses. Chanel asked for an injunction and damages. Pacini could not be reached for comment.
Separately, Chanel filed a trademark counterfeiting and infringement lawsuit in federal court in Pensacola, Fla., against Mark A. Lanton, who does business as stylesoflife.com and Stylesoflife. According to court documents filed on Nov. 14, Chanel alleged that Lanton sold counterfeit handbags and sunglasses. Chanel asked for an injunction, damages and trial costs. Lanton could not be reached for comment by press time.
Louis Vuitton Malletier reached a permanent injunction and final judgment on consent against Industech International Inc. in Manhattan federal court. The judgment was part of a larger lawsuit filed in 2004 against Industech, Burlington Coat Factory Warehouse Corp. and Four Seasons Handbag Co. for alleged trademark counterfeiting. Industech was restrained from infringing on Vuitton's trademarks. No financial damages were awarded in the judgment.
Eon-Net LP filed a patent infringement lawsuit against J. Crew Inc. in Manhattan federal court on Nov. 19. According to legal documents, Eon-Net alleged that an information processing methodology used on jcrew.com infringes on patents it holds. Eon-Net asked the court for an injunction and damages. J. Crew could not immediately be reached for comment. Separately, Eon-Net also filed a lawsuit in federal court in New Jersey against Burlington Coat Factory Warehouse Corp. over the same patents.
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews